Peter Norman, Chief Economist, Altus Group is very optimistic about Canadian Economy and also predicts that increase in interest rate would be so modest until at least 2015.
This mean the lower interest rate are here to stay, that mean there is no slow down for the real estate market in Canada.
Watch the interview in video below..
http://www.theglobeandmail.com/report-on-business/video/video-hot-canadian-housing-bubble-forming/article2399537/
In my view, For Bank Of Canada it would be difficult to hit ground running while increasing interest rate, because markets are now used to with lower interest rate. If Bank Of Canada start jacking up rate at faster pace, market may react adversely and fall drastically.
This mean the lower interest rate are here to stay, that mean there is no slow down for the real estate market in Canada.
Watch the interview in video below..
http://www.theglobeandmail.com/report-on-business/video/video-hot-canadian-housing-bubble-forming/article2399537/
In my view, For Bank Of Canada it would be difficult to hit ground running while increasing interest rate, because markets are now used to with lower interest rate. If Bank Of Canada start jacking up rate at faster pace, market may react adversely and fall drastically.
