[New post] Canadian Real Estate Prices Increased So Fast They Eliminated The Benefit of Low Rates

Stephen Punwasi posted: " Canadians were given a boost to affordability when rates were cut at the start of the pandemic. The Bank of Canada's housing affordability index fell to the most affordable level in over a decade. By cutting interest costs, households can finance debt mo" New post on Better Dwelling Canadian Real Estate Prices Increased So Fast They Eliminated The Benefit of Low Rates by Stephen Punwasi Canadians were given a boost to affordability when rates were cut at the start of the pandemic. The Bank of Canada's housing affordability index fell to the most affordable level in over a decade. By cutting interest costs, households can finance debt more cheaply, improving affordability. It also happens to increase demand though, pushing home […] Read more of this post Stephen Punwasi | October 6, 2021 at 1:38 pm | Tags: Bank of Canada, Canadian Mortgages, Canadian Real Estate Prices | Categories: Canada | URL: https://wp.me/p4nriD-4My Comment    See all comments Unsubscribe to no longer receive posts from Better Dwelling. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://betterdwelling.com/canadian-real-estate-prices-increased-so-fast-they-eliminated-the-benefit-of-low-rates/