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Higher interest rate to cool market?

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Real Estate Professional | 03 Jul 2015, 11:20 AM Agree 0
Scorching real estate markets have investors calling for something once considered ruinous.
  • | 03 Jul 2015, 12:11 PM Agree 0
    The country consists of more than Toronto and Vancouver. I relocated from Toronto to east of Ottawa and the market is very flat. Lots of listings, but few sales. Maybe they should raise rates in Vancouver and Toronto ( GTA) only, since this is where the problems will come from.
  • Peter | 03 Jul 2015, 01:29 PM Agree 0
    Hey Mark it is more like 30 years ago for 18% interest rates in fact as high as 21%. The difference is inflation is low today while in the early 80% it got to around 20%. Employees got big raises. How many clients today get 15-25% raises year after year??
  • Peter | 03 Jul 2015, 01:31 PM Agree 0
    typo "early 80's"
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