I will be speaking at the annual Veritas Housing conference on October 2nd. If you want tickets you can find them here: As William White calls it, we are in the debt trap. Can't raise rates because we have too much debt, but we really shouldn't be lowering them either. Central Banks are essentially stuck.
This isn't hard to figure out considering the ECB just dropped rates from -0.4% to -0.5%, as if that is suddenly going to be the difference maker.
So, politicians will try to keep this game alive. Trudeau has promised tax payer money for first time buyers up to an increased purchase price of $800,000. Your first question should be, why are starter homes $800,000 to begin with?
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