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