Hoping for higher interest rates, to tame home prices? Be careful
It’s so impossibly hot that some Canadians are now in favour of using higher interest rates as a means of cooling housing demand and limiting the out-of-control price growth that’s driving buyers from the market in droves.
That’s the key takeaway from a new Nanos/Bloomberg poll, which found that 49 per cent of those surveyed either “support” or “somewhat support” the Bank of Canada increasing interest rates as a means of capping housing prices.
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Clayton Jarvis
Original Article Posted on: Jun 01, 2021
Link to Original Article: https://financialpost.com/moneywise/hoping-for-higher-interest-rates-to-tame-home-prices-be-careful