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RE: Canada Just Took the FIRST STEP to CRASH Real Estate! Here’s Why.

in #money7 years ago

You guys are funny! This is a move to make the bubble grow even more.

  • Higher interests rates will put some new buyers on the housing market because they will fear to pay more for a house

  • Everybody with a variable interest rate on a open loan and who as some money aside will rush to the bank to make some anticipated payments, which will inject some liquidity in the banking system.

  • Some people will even get a loan for a car or for personal expenses that will stir up business while the rates are still low.

This bubble as 2 more years before it bursts.