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Soaring Interest Rates a Big Blow for First-Time Buyers
Posted by Infinity Admin on
The red-hot Canadian real estate market is finally cooling down thanks to higher interest rates, and is poised to experience some stabilization after the unprecedented boom of the last two years. Is this a terrific opportunity for households looking to purchase a home, or is ownership still out of reach for many Canadian families?
Canada’s housing sector had been electric throughout the coronavirus pandemic, from skyrocketing real estate valuations to exceptional sales activity. It isn’t easy to find another comparable period in the Canada’s history or perhaps envision another span like it in the future – although markets are cyclical.
But while many Canadian families established generational wealth throughout the COVID-19 public health crisis,…
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