Post by
garyreins on Dec 02, 2023 3:07pm
High interest rates will be disaster
For Canada's housing situation. So many sources and slowing of new developments by reits prove this to be true. The recipe would involve low rates to ramp up construction and have mortgages more affordable. Without that TIFF is kicking can down road and worsening it day by day. Massive shortage by 2030. Pierre put out a good documentary just today. Own some Canadian resedential exposure $$
Comment by
garyreins on Dec 02, 2023 3:21pm
Essentially let's say in 2025 or 2026 rates are back under 3%. Everyone will be racing to buy and prices will go through the roof as supply is worse. Probably looking at another 20% gain in residential in next 3 to 5 years