Stable for now, but likely more volatility ahead- Rate Cuts are Coming

Check out my podcast interview with VanColour where we do a deep dive on the Vancouver housing market, bailouts, global markets, and more. Listen here:


Lots happening in global markets. The main story is the race towards zero as central banks all try to devalue their currency. This has sent bond yields and mortgage rates tumbling. We are seeing increased activity in many global housing markets. Sydney & Melbourne, two markets which were getting hammered before are now seeing a huge spike in auction clearance rates.

The real question is, will this last? Will the stimulus be enough to keep a recession at bay? Expect a couple more cuts from the FED and finally the Bank of Canada before the end of the year.

Steve Saretsky,Vancouver Real Estate,Canadian Real Estate,housing bubble,finance,Macro Economics,