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4 Comments on Recent Changes in the Real Estate Market
Wow, 40 and 35 year amortizations? Thats amazing! Here in the states we usually don't see them exceed 30 years. I hope he's wrong about rising interest rates, but I have a feeling he's right.
Hi Donna,
Great perspective on the future market, to be honest the Fed's would we well advised to keep their fingers off the interest rates, until such time there are actual reasons to touch them, other than the banks.
By now the Fed's have messed enough with things that we do not see any real economic growth in pretty much any real industry...
Mark Carney is fairly firm on the rates, and they are not likely to increase in the near future. However, there's really only one direction and that is up.
James, Canada has tightened up on the amortization period. I think this is to protect people if interest rates start to rise. Mr. Tal believes that there will not be a big market for higher interest rates and that will keep a bit of a lid on them.
Peter and Linda, I think the economic situation has been so delicate over the past few years that we are lucky things are not worse than they are. We are not out of the woods yet. There is light at the end of the tunnel, if the unions don't bring the country to its' knees.
Brian, Speculation is in favor of interest rates holding or rising slowly.