Episode Details
Back to Episodes
How A 10-Year High Inflation Rate Will Affect Real Estate
Description
April inflation hit a 10-Year high and it triggered a warning from the Bank of Canada letting people know that interest rate increases are coming. While they didn't say exactly when, this is a notable change of tone from just a few short weeks ago when the promise of record low rates maintaining until 2023 were echoed. Second to that, the recommended increase to the Stress Test was confirmed today, lowering buying power by around 4.5% We look at the effects these changes are going to have and discuss the national housing shortage in Canada, with notably the lowest homes per capita of all the G7 Countries.
_________________________________
Contact Us To Book Your Private Consultation:
📆 https://calendly.com/thevancouverlife
Dan Wurtele, PREC, REIA
604.809.0834
Ryan Dash PREC
778.898.0089
ryan@thevancouverlife.com