Real estate for the long-term with Garth Turner and Rob Carrick

[eBrandsMedia]

I hope Garth is right. Maybe then I'll be able to afford a house.

[flagship21]

i want to be a vulture

[tothatextent]

Garth is right on the money. Canadians have not received a real wage increase in 30 years, yet houses have gone up 6 times in value during the same period. Why? Low interest rates. The bond market is fearing higher inflation and the long term bond rate will startto go up. Plus, the big banks are request Ottawa to lower the maximum amortization period and increase the amount needed for a down payment. These actions all translate to a lower housing market.