Happy Monday morning! There a lot of Canadians holding their breath for rate cuts this year. Nearly 60% of Canadian mortgage holders haven’t endured a mortgage payment increase yet, but its coming. It’s a race against time to get inflation, bond yields, and the Bank of Canada’s overnight rate lower.
Perhaps the development project bankruptcies will be a good thing from a supply point of view? Allowing projects (if not their original investors) to get out from under unsustainable sunk costs from a previous market era?
Perhaps the development project bankruptcies will be a good thing from a supply point of view? Allowing projects (if not their original investors) to get out from under unsustainable sunk costs from a previous market era?
Noticed many noncommittal buyers - started searching but needed the spring rate cut. RIP!