"Real Estate Constipation!"...What is it? and When will it end?
August 31st, 2023
As many of you know our market has slowed down dramatically, especially in the higher price ranges. This is due to the changes in immigration ownership and tighter registration rules. However the greatest impact is due to the recent fast rising interest rates. In 1980-81 our market collapsed by 40-60% in only 11 months due to these rising interst rates. At that time rates went up by an amazin ...