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Are the Boom Days over and is that a good thing

Are the boom days coming to an end in Canadian Real Estate - Is that a good thing and how will that have an effect on Home sales in Whitby and Durham Region

 

In a recent article from MortgageBrokerNews.ca The Boom Days are over - is that a good thing? 

 

The article made note that: Better-than-expected job numbers both here and in the U.S. should mean a hike in interest rates by the Federal Reserve, which means the long love affair with low interest is coming to an end, and a positive sign that a potential housing crisis isn’t looming.  Read more here 


We have seen our  big banks are creeping rates higher:  variable rates have gone from prime minus  -.60 basis points  to minus .30 basis points and 5yr rates from 2.69 fixed to 2.79% fixed  





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