Quote:
Originally Posted by Harvey Specter
In my opinion, rate cuts alone won’t trigger a bull run in Canada’s housing market. Affordability is already maxed out, household debt is sky high, and stricter mortgage stress tests are still in place. A small drop in rates won’t suddenly flood the market with buyers.
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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