Canadian interest rate increases = stave off the housing bubble (or create a spectacular burst?)

manosinistra
2023-06-27T17:59:59Z

Do you guys think they're using rate increases to kill off all the overleveraged homeowners in an effort to create a sell-off and thereby lower housing costs?

Could someone smarter than I please explain what is going on... or is our inflation that bad? Seems like some of the inflation might be what I've read as greedflation. I didn't realize we jumped almost 3.75% in less than a year last year...

Comments URL: https://tildes.net/~finance/172p/canadian_interest_rate_increases_stave_off_the_housing_bubble_or_create_a_spectacular_burst

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