Quote:
Originally Posted by Regorium
I'm always frustrated that it seems like Calgary real estate seeing increases is the line in the sand for the BoC to act.
We haven't had a run up in a decade, and even in 2017 when we were starting to see a sign of a recovery, immediately we were hit by 6 rate hikes to cool the TO/Van markets.
I don't know what the solution is, but I wish there was some way to cool those markets without affecting places that might still need the stimulus.
Edit: Whoops - just went back a page and this sentiment was already expressed. Sorry.
|
Ideally we should be aiming for the increase in the average home value to be matching inflation. We shouldn't be looking for stock market like gains in housing values.
Each successive generation should have the same opportunity to own their own home as the previous one.