Posted by: Nick Ametrano
Steve Ladurantaye had an interesting blog post in the Globe and Mail Blog today.
Benjamin Tal, Deputy Chief Economist for CIBC World Markets is referenced extensively in the post entitled “Will the housing boom last indefinitely?” One thing is for certain, Mr. Tal is consistent in his view on the housing market and the future of interest rates. As you will see, his message is similar to the one he shared with MonsterMortgage.ca – click here for details where he spoke to us at an exclusive event on April 28, 2011.
Ultimately Tal concludes, while house prices are likely to move lower as interest rates climb, the “national pace of correction and rising interest rates is likely to be gradual”.