Canadian house prices could go down

Now in Canada, the mortgage interest rates are going even lower, to a new low 2.99% for a 5 year fix with the Bank of Montreal,which in thus will probably increase the house prices on the market today. Now you may say “Well that’s great isn’t it?” Well in short, NO. For now it’s true it is a good thing, but like the old saying says, ” what goes up must go down”. Now more than ever, Canadians are buying homes that if the interest rate was, for example 5%, they could not afford, which is scary, since mortgage rates will go eventually back up...

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