Quote:
Originally Posted by Gerbs
Rates at 1-2% would make even $1Mill homes "cheap again"
but then inflation would go crazy because we should buy now while money is cheap
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Unlikely we’ll ever see 1–2% rates again in Canada unless there’s a major crisis or recession. The BoC knows how much damage ultra low rates did to housing and debt levels. They’d only go that low again if things got really bad but then again, who would be buying in a 2008 style scenario anyway.