(Bloomberg) -- The Bank of Canada stepped up the pace of interest-rate cuts and signaled that the post-pandemic era of high inflation is over.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionOman Sees an Urban Future Distinct From Dubai and Abu DhabiHow Kyiv Became a Leader in Digital Services Amid Wartime StrainTransportation Policy Gets Left Behind in Presidential RaceDhaka's Revolutionary Makeover Pits Visions of Peace Against VengeancePolicymakers led by Governor Tif
We’re in an era where corporations are buying housing at an unprecedented rate.
They have deep pockets, so even though the people holding mortgage will see relief, we will also see more housing bought by corporations.
The normal person cannot compete with the corporations, and they will have to either outbid the corporation, or hope that the seller find their storing touching and sell them the house even if the bid is lower.
We’re in an era where corporations are buying housing at an unprecedented rate.
They have deep pockets, so even though the people holding mortgage will see relief, we will also see more housing bought by corporations.
The normal person cannot compete with the corporations, and they will have to either outbid the corporation, or hope that the seller find their storing touching and sell them the house even if the bid is lower.
So yeah, prices will raise for sure.