Good update. Let's not jump to conclusions about impact on real estate. As Mr. Kalsi rightly cautioned, need to look at the impact on other aspects of Canadian economy, in view of ongoing wars and related triggers. The central bank interest rates are intertwined largely with inflation, unemployment and GDP growth and subsequently attracting capital investment. Looking at the current status of Canadian economy, it's not going to have a significant impact, unless govt take policy decisions to make investment friendly environment and certainty about the oil prices. Specifically, from real estate point of view until employment opportunities and wages go up no upside foreseen. To some extent linkage to immigration and Canada improving its ability to attract talent and investors. So, in the next few quarters no significant impact on real estate prices, at the most no further dip. The increase in prices may be influenced by demand - supply imbalance, to small extent in certain pockets depending on the controlled release of inventory by builders. In nutshell, no major impact.
It will give some relief to house owners as they will get some relief in interest outgo.
Very encouraging news !
Excellent information 👍
Good job both veer
Good update. Let's not jump to conclusions about impact on real estate. As Mr. Kalsi rightly cautioned, need to look at the impact on other aspects of Canadian economy, in view of ongoing wars and related triggers. The central bank interest rates are intertwined largely with inflation, unemployment and GDP growth and subsequently attracting capital investment. Looking at the current status of Canadian economy, it's not going to have a significant impact, unless govt take policy decisions to make investment friendly environment and certainty about the oil prices. Specifically, from real estate point of view until employment opportunities and wages go up no upside foreseen. To some extent linkage to immigration and Canada improving its ability to attract talent and investors. So, in the next few quarters no significant impact on real estate prices, at the most no further dip. The increase in prices may be influenced by demand - supply imbalance, to small extent in certain pockets depending on the controlled release of inventory by builders. In nutshell, no major impact.
More long time needed to go for
Is Rent goes down never ever.
Good information ji