Brian Madigan, fellow realtor and Active Rain blogger, shares my opinion regarding the news earlier this week that the U.S. Federal reserve will not be raising interest rates for the next two years. If you want to comment, click on Brian's link below.
If you are looking to buy and/or sell a home in Orangeville, call me, Chris Smith @ 1.866.936.3500 for assistance in finding the right home for you!
The FED and Interest Rates ~ Good for Canadian Real Estate
By Brian Madigan LL.B.
Ben Bernanke, the Chairman of the US Federal Reserve indicated that the Fed will hold interest rates low for two years, that is, until mid 2013.
Canada will have to follow suit, otherwise, it would wreak havoc upon our economy.
This is good for those who own real estate. The rates remain low and stable. So, there is no impending downward pressure on prices.
Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through Royal LePage Innovators Realty, Brokerage 905-796-8888
Chris Smith CSSBB
Chay Realty Inc., Brokerage