Hoping for higher interest rates, to tame home prices? Be careful

Author: External Author | | Categories: Mortgage Services

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.

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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