Avid Amoeba@lemmy.ca to Canada@lemmy.ca · 1 year agoBank of Canada raises its interest rate to 5%www.cbc.caexternal-linkmessage-square96fedilinkarrow-up1189cross-posted to: technews@radiation.party
arrow-up1189external-linkBank of Canada raises its interest rate to 5%www.cbc.caAvid Amoeba@lemmy.ca to Canada@lemmy.ca · 1 year agomessage-square96fedilinkcross-posted to: technews@radiation.party
minus-squareThenThreeMore@startrek.websitelinkfedilinkarrow-up8·1 year agoAt the same time banks get more cautious about who they lend to. If you’re rich and a cash buyer is great as you can snap up a few houses at discount to add to your portfolio. Normal people, not so great.
At the same time banks get more cautious about who they lend to. If you’re rich and a cash buyer is great as you can snap up a few houses at discount to add to your portfolio. Normal people, not so great.