Quote:
Originally Posted by jasonturbo
Eventually the BOC will be forced to push interest rates up to mitigate the impact of inflation and/or to keep bond prices/yields in check. Housing at these prices is only affordable because of rock bottom interest rates, not long after rates start climbing, home prices will fall.
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the other day in the news it was suggested, once again, that the BoC will go to negative interest rates, like several other countries, where banks will be charged for holding onto money (forcing them to spend)