23
Bank of Canada Cuts by 50 Basis Points to ‘Stick the Landing’
(finance.yahoo.com)
What's going on Canada?
🍁 Meta
🗺️ Provinces / Territories
🏙️ Cities / Regions
🏒 Sports
Hockey
Football (NFL)
unknown
Football (CFL)
unknown
Baseball
unknown
Basketball
unknown
Soccer
unknown
💻 Universities
💵 Finance / Shopping
🗣️ Politics
🍁 Social & Culture
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
Always is a strong statement but yeah thays how it generally collerates
We're in an era where corporations are buying housing at an unprecedented rate.
They have deep pockets, so even though the people holding mortgage will see relief, we will also see more housing bought by corporations.
The normal person cannot compete with the corporations, and they will have to either outbid the corporation, or hope that the seller find their storing touching and sell them the house even if the bid is lower.
So yeah, prices will raise for sure.