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Inflation and Real Estate - What You Need to Know
Posted by Infinity Admin on
Photo by Linda McCann on Unsplash
In recent years, it’s likely you’ve heard the media, your colleagues and even politicians speak about “inflation.”
You also may have noticed prices for regular everyday items including food, gas, or larger purchases such as homes, furniture and vehicles have risen sharply since the start of the COVID-19 pandemic.
Up until a few months ago, when government officials and the media spoke about the current rise in inflation, they often defined it as “transitory”. Now, officials at the Bank of Canada are stating inflation may actually be more persistent, and have signaled the future path for Canadian interest rates may be a series of rate hikes to help bring inflation back down to within its target range of 1% to 3%.…
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Photo by Alex Shutin on Unsplash
Canadians have never had so many monetary policy questions, especially homebuyers. Our crystal ball is in the shop, so we can’t tell you what interest rates will be. However, we can do the next best thing — present you with the Canadian Overnight Rate Sentiment Index. We polled the country’s top economics and finance experts for their Bank of Canada (BoC) forecast. We then de-biased it by disassociating the expert’s name, and plotted the forecasts. While we can’t tell you the future (yet!), we can help you understand where the best of the best see things heading.
JANUARY 11, 2022