[Hakkaboy]

Originally Posted by Gerbs

He thinks the normal is sub 4%, but I remember in highschool the news were talking about how we hit sub 2.99% for the first time in history in 2012/13

https://www.ratehub.ca/5-year-fixed-...e-rate-history

yeah that's what I don't understand from some of the posts here. It seems that people actually think that sub 4% is some sort of "normal" interest rate or something, instead of viewing it as historic lows

Were people too young to remember what it was like before 2008 and the significance of 2008? And now the pandemic?