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Re: Winnipeg Set To Be Hottest Housing Market in 2011 Fri Feb 04, 2011 4:57 pm
Re: Winnipeg Set To Be Hottest Housing Market in 2011 Fri Feb 04, 2011 5:33 pm
I don't understand your reasoning. If interest rates go up then financing becomes more expensive, so first time home buyers will need to buy a cheaper house. For those who are on variable rates, or who have to re-negotiate fixed rates the monthly payments may become unreasonable and they have to sell and scale down. All this will trigger lower prices. I hope that interest rates will go up substantially, so that those people who do not base their lives on cheap debt will also get a shot at owning a house.Electrician wrote:http://ca.finance.yahoo.com/news/Interest-rate-rise-trigger-capress-2046187280.html
I don't think higher interest rates will have any effects on the price of homes in Winnipeg. With high taxes and empty bank accounts, mortgages are already hit hard with the present low rates...
Last edited by eViL tRoLl on Fri Feb 04, 2011 5:58 pm; edited 1 time in total
Re: Winnipeg Set To Be Hottest Housing Market in 2011 Fri Feb 04, 2011 5:56 pm
Re: Winnipeg Set To Be Hottest Housing Market in 2011 Fri Feb 04, 2011 7:17 pm
Re: Winnipeg Set To Be Hottest Housing Market in 2011 Fri Feb 04, 2011 7:43 pm Re: Winnipeg Set To Be Hottest Housing Market in 2011 Fri Feb 04, 2011 7:44 pm
Re: Winnipeg Set To Be Hottest Housing Market in 2011 Sat Feb 05, 2011 5:02 am
Re: Winnipeg Set To Be Hottest Housing Market in 2011 Sat Feb 05, 2011 9:44 am
Re: Winnipeg Set To Be Hottest Housing Market in 2011 Sat Feb 05, 2011 9:48 am
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