Bank of Canada raises its interest rate to 5%
ThenThreeMore @ andthenthreemore @startrek.website Posts 2Comments 507Joined 2 yr. ago

ThenThreeMore @ andthenthreemore @startrek.website
Posts
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At the same time banks get more cautious about who they lend to. If you're rich and a cash buyer is great as you can snap up a few houses at discount to add to your portfolio. Normal people, not so great.