05/31/2022
The interview largely focused on fixed income and touched on Canadian debt levels. Canadians are more indebted than Americans and thus are more sensitive to rate hikes. The more sensitive households are to rate hikes, the more their consumption slows as a result. Rates havenβt even hit January 2020 levels but we can already see the impact on real estate.
managing director at BMO Capital Markets, told Reitzes this might be over. βI like to think of the last 15 years as an abnormal period in history of interest rates of the world, not what is going to be the future,β he said.
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