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Real Estate Market
Real Estate markets are changing all across the country… but for how long? Supply shortage is still playing a big role.
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7 Replies
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I heard that once interest rates go up, one out of 4 people will need to sell
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It was reported that when interest rates rise, one out of 4 people will need to sell
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I hope that it’s not true, but it’s possible. A lot of people are overleveraged and definitely are starting to feel the pressure. Next interest rate hike is only 3 weeks away. Let’s see what happens.
US is raising their rates on Wednesday June 15. I’m curious how the markets will react.
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I read somewhere, just can’t remember where, that 1 in 4 people who own homes in Ontario are over leveraged. If they are using a variable rate mortgage, they will be seriously struggling. People with large fixed rate mortgages will be crushed at renewal. If that is truly the case, many will be forced to sell and buy smaller, rent, move or become homeless. I was at a Meet Robyn Tea yesterday. 15 people in attendance. The only topic we were able to cover in 2 hours was housing and water. Nothing else was discussed….
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The US just raised interest rates as well. 0.75% hike is huge. The markets are addicted to quantitative easing and cheap borrowing, this rate hike will cause a lot of turbulence. I don’t see how they can wane the banks and the markets off of all this stimulus.
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😲
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