What's The Worst Case Scenario For Real Estate In 2023
The Canadian Real Estate Investor
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Can the Bank of Canada Pause Rates?
As of this recording, the Bank of Canada has actually decided to pause rates. One benefit for Canadian homeowners is that many are tied to fixed rate mortgages and so they will feel a reprieve from early rate hikes. We expect mortgage rates to remain elevated beyond 2024, which means rates for newls will be high even for those recent buyers. Model estimates suggest the Canadian economy has entered the early stages of recession - likely to persist until 2020.
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