Quote:
Originally Posted by Bonded
My biggest fear with housing, isn't oil waning and Calgary losing value. I am more concerned if interest rates return to 4-5%.
I think that would tank housing values. I wish I was old enough to buy in 04 hah.
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Realistically, the rates aren't returning to 4-5% anytime soon. The only way this would happen is if the economy, not just Canada, but really worldwide, erupted from this period of stagnation. I don't see that happening, I think low rates are the new normal. It would be too much of a shock to the country to raise rates without the economy responding and there really is no reason to expect that anytime soon.