Avid Amoeba to Canada@lemmy.ca • 1 year agoBank of Canada raises its interest rate to 5%www.cbc.camessage-square96fedilinkarrow-up1189arrow-down13
arrow-up1186arrow-down1external-linkBank of Canada raises its interest rate to 5%www.cbc.caAvid Amoeba to Canada@lemmy.ca • 1 year agomessage-square96fedilink
minus-squareThenThreeMorelink8•1 year agoAt 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.
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.