Quote:
Originally Posted by Migrant_Coconut
This? The "/s" stands for "sarcasm."
As other posters have observed, there's still too much demand for the market to stay down for good.
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If developers can't afford to build and people can't afford to buy then nothing will get built. And if you're thinking the BoC will then have to ride to the rescue and cut rates, well, that will just fuel inflation as the Loonie sinks vs the USD. Real estate addiction has led us into a very bad economic place that will be hard to get out of.
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