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@parker @Hibou I refinanced last year, paying a large penalty. I got 2.8% for 10 years, which is a fantastic rate, particularly if rates go way up along the way!
It's a 2-way street mind you: Higher interest rates will tamp prices down. Housing is somewhat sticky mind you, so what will likely happen is prices stick where they are for a really long time. That's what happened in the 90s when the toronto housing market collapsed.
It's a 2-way street mind you: Higher interest rates will tamp prices down. Housing is somewhat sticky mind you, so what will likely happen is prices stick where they are for a really long time. That's what happened in the 90s when the toronto housing market collapsed.