What does this say? Real Estate investors (Canadian, permanent resident or not even in Canada) are presently buying property (ies) ahead of interest rate hikes and locking in rates ? Or have we have had a record sales and speculation level just in time for those who recently purchased and are on the verge of financial instability with higher rates, to be knocked out of the housing market entirely and forced to sell?
In the meantime, inflation will be significant without the demonstration of growth. A dangerous place to be.
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