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Old 04-23-2021, 03:33 PM   #6
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Join Date: Jan 2010

Originally Posted by bizaro86 View Post
(arguments why that isn't the case welcomed!).
I don't know if it's a valid comparison but Japan has been at 0% for over 20 years.

Originally Posted by Slava View Post
For Canada, the job of central bank Governor has to be horrible. I mean look at the current scenario: you have two main real estate markets that are flying, and finally some growth in others but probably not enough to be concerned.
Are there no options (even outside of the BoC) to target specific areas? I mean they brought in a luxury tax, why not institute a 10% tax to any home purchased over 1M, or any homes in a "hot" area. Obviously that's one overly-simplistic perhaps not well thought out example, but there should be some other regional way to solve that.

Interest rate changes (or any policy) to deal with areas consisting less than 20% (likely a much lower % effected by home prices) of the country's population while effecting 100% of it seems like pure lunacy.
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