The best marketing doesn’t feel like marketing
Posted On: Thursday, May 17, 2018
This is an interesting article in that Canadians have heard alot about rising interest rates, growth in the Canadian economy, job growth in BC, Ontario and Quebec and even how much better things are getting in recession ravaged Alberta from government spokespeople, finance ministers and propagandists.
Housing as a bellwether indicator leads the true picture of the Canadian economy and 2018 has been dismal to say the least, with the new home market suffering the most.
In spite of longer term benchmark interest rates rising - there simply aren't enough buyers to sustain the banks need for business and so they are discounting the price of the product.