Quote:
Originally Posted by macker
Right now incomes are good and rates are low so no need to think about next year I guess...The real estate market is not the only market that could see a significant correction in 2011-2012. Governments can't/won't hold rates down forever...at some point it becomes an affordability issue.
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Plenty of reason to think about next year, it's only a month away.
But what about other factors that will come into play next year, and their effects?
If rates creep up: but unemployment decreases, rental vacancies decrease, incomes go up, oil prices go up & immigration to the province goes up what effect does that have on housing demand and prices?