There has been much talk as of late about interest rate trends. Interest rates have been temporarily and unrealistically low due to the impact of the pandemic. This has caused a frenzy among both sellers and buyers. A low interest rate environment will not benefit property owners in the long run. A seller that gains on a higher purchase price due to low cost of borrowing will pay it back when the table is turned on them and they become a buyer in the same market. In the end, both buyers and sellers finance at higher levels and position themselves for greater financial risk. I am in favor of a healthy market but one that is more balanced and fiscally responsible. #recg #boc #bankofcanada #commercialvaluations
Demitry Omrin
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