TSX:AX.P.E - Post by User
Post by
garyreinson Nov 07, 2023 9:00pm
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Post# 35722731
BOC
BOCI dont get it. I dont speak for other countries, but BOC needs to CUT rates to rents start to come down (gone up like $1000 since the hikes began), as no one can afford to buy anymore. Plus, lots of new developments are paused as cited by Riocan temporarily until there is more clarity on interest rates, which will further make the housing costs/situation worse in the upcoming years with less building happening. And so these rates are so what, your EGGS and milk can be a few bucks cheaper? What is this sham I dont even know anymore.
Mortage costs- doubled or tripled
Rents- doubled
Going to get worse due to the high rates.
Gotta use common sense here