this post was submitted on 13 Jun 2023
40 points (100.0% liked)

Canada

7134 readers
237 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Regions


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

The Bank of Canada (BoC) surprised the market with a rate hike last week, and BMO doesn’t think it was the last one. Canada’s economy is running so hot, the market now expects at least two more rate hikes. It’ll almost certainly lead to higher mortgage rates, which will throttle demand for housing at these prices. That’s not just a coincidence.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 year ago* (last edited 1 year ago)

To cool down housing, we need to quit the insane way we build car centric cities that results into either too little housing supply or too much hyper-densification. Each Canadian city needs to become more like Montreal: triplexes and other Xplexes everywhere. Added benefit: cheaper infrastructure costs, more resilient to climate change.