Housing vs Population Growth - Who Will Win?
The Vancouver Life Real Estate Podcast - A podcast by The Vancouver Life Real Estate Podcast - Saturdays
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This weeks podcast has us exploring the new rate hike thanks to the BoC’s continued quantitative easing. While it’s been difficult for many seeing rates up 400 basis points in 9 months - that’s an eye watering 1,600% since the start of the rate hike cycle - and it has all but erased the credibility of the Bank of Canada who waited until inflation was at 6.7% before acting and indicated rates would be low until 2023. We explore the new debt levels faced by Canadians who have a whopping debt to...