Home Prices Vs. Interest Rates
By: Don Bayer, President MonsterMortgage.ca
I came across this chart on BNN – Tuesday, March 30th, 2021.
It clearly shows that as interest rates decline, prices of real estate increase and sometimes increase very dramatically. I suppose we all know this occurs – it’s called an inverse relationship in economics but to see this so clearly – especially over 10 or 12 years is quite remarkable.
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