Mike Le Couteur discusses a new survey that finds one in four homeowners say they'd have to sell if interest rates rise more. Subscribe to CTV News to watch more videos:
Connect with CTV News:
For the latest news visit:
For a full video offering visit the CTV News Network:
CTV News on Facebook:
CTV News on TikTok:
CTV News on Twitter:
CTV News on Instagram:
CTV News on Reddit:
—
CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.
lol stop voting for it.
Selling their homes would help bring the prices back to normal.
Nope. Unfortunately it’s alot more complicated than supply and demand.
Those selling their homes will need to find something to buy or rent. Unless real estate stock is built they’ll be playing musical chairs.
@Lenard Segnitz if it is something more cheap, it’ll still help to bring the prices back to normal. Not all houses and not all apartments are equal or push up the prices the same way.
@IARRCSim A market crash consists of a drop of 28% or more… the average price of homes went up 26.7% in February of this year and another 12.3% the following month in March.
That means even if we get a giant market crash we would be going back to what prices were summerish last year and just incase you were not paying attention the prices then were unaffordable as well.
Our home prices have been steadily increasing and have not had a significant drop since 2007.
@cordogg 1 0.1% is better than 0% regardless. If it helps by 0.1% to bring the prices back to normal, it still helps even if the prices doubled in the last few years.
Ita more like 50%
New Kanadians seem to have no problem buying a house or 2 or 3.
who do you think they vote for.
@Tempus Fugit exactly.
Jealous?
I sold my house, moved cities and down sized so i could buy a property outright. I will be buying more properties on sale next year that renters will be paying my higher interest and taxes. 🤣🤣
Here it comes!
Let it burn, let it burn.
Oh no.
I hope the market crashes big time
Thanks to the federal government and the bank of Canada which created this mess through lack of policy/regulation and cheap money. Investors, corporations and the rich have flourished due to lack of government accountability. This is why your stuck with massive mortgage debt and as a result has contributed to ridiculous house appreciation destroying the next generation. It’s disgusting.
Your right. Speculators
Hahaha, I mean, how could we have ever seen this coming? Fools.
You Will Own Nothing And Be Happy .
House proud, Mortgage poor. That saying has been around since WWII.
*In spite of the economic fluctuation, I’m so excited I’ve been earning $45,000 from my $10,000 investment everyday 10days.*
Count me in am placing my trades with Mrs Angela Cole Carr ASAP.
@John Giver Thanks I just called her now and she picked up, thank you I so much appreciate.
THANKS DUDE…
Holy hell what a spam chain.
I’m never voting Liberal ever again…
Why? The budget will balance itself.
18% lmao try 95%
I guess they didn’t see that coming. Rising interest rates?? Who would have thunk it?
Interest rates were kept too low too long and now there is a problem.
This video sounds more like a desperate threat than of any resemblance of news. “Don’t raise interest rates any further or I will have to sell the house I don’t and will never “own”.
Major investment firms have billions of dollars waiting to buy up residential property. The average citizens are priced out of the market= slow down is due to an affordable housing price
@Donald Steven I just looked her up on Google she’s a licensed broker, sent her a message thanks
Really! You know her? I even thought I’m the only one she had helped walk the fears and falls of trading
@Bruce 😊😁😁
Meghan Ann Brudie is quite popular on Bloomberg I doubt if there is anyone who is serious on stock, crypto and forex trading that doesn’t know her.. She helped me quite a few times in growing my portfolio and it was blissful without any setbacks
As the economic keep rising, one needs to have different streams of income, a well diversified investment equity in the financial market is needed to survive, as well as secure a profitable investment in the future
next time do not buy anything you can’t afford 🤷🏻♂️ okay 👍
“I will have to sell my home” negative the bank will be selling if for you smh