Avid Amoeba@lemmy.ca to Canada@lemmy.ca · 1 year agoBank of Canada raises its interest rate to 5%www.cbc.caexternal-linkmessage-square90fedilinkarrow-up1181arrow-down13
arrow-up1178arrow-down1external-linkBank of Canada raises its interest rate to 5%www.cbc.caAvid Amoeba@lemmy.ca to Canada@lemmy.ca · 1 year agomessage-square90fedilink
minus-squarezeryx@lemmy.fmhy.mllinkfedilinkarrow-up5·1 year agoI think that’s the intent right? How else are property values going to stop skyrocketing if no one is under any sell pressure?
minus-squareArcticFox@lemmy.calinkfedilinkarrow-up2·1 year agoCreating sell pressure is a tiny part of the solution. The real problem is supply. We need 10x the current build rate. Zoning laws, out dated transport infrastructure and greedy developers will ensure this remains a decades long problem.
I think that’s the intent right? How else are property values going to stop skyrocketing if no one is under any sell pressure?
Creating sell pressure is a tiny part of the solution. The real problem is supply. We need 10x the current build rate. Zoning laws, out dated transport infrastructure and greedy developers will ensure this remains a decades long problem.