Canadian Real Estate Price Increases May Be Solely Due To The Bank Of Canada
Canadian real estate prices made huge gains, and they may all be due to cheap financing. Bank of Canada (BoC) data shows mortgage interest rates fell sharply over the past year. This boosted homebuyer budgets significantly, without increasing the size of payments. Coincidentally, the amount those budgets rose is in line with how much home prices increased.
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By: NA
Original Article Posted on: 27th October 2020
Link to Original Article: https://betterdwelling.com/canadian-real-estate-price-increases-may-be-solely-due-to-the-bank-of-canada/