Interest Rate Increasing in March! Will The House Market Crush?
So are you waiting for the march interest rate increasing?If yes, don't wait anymore, because so many people, they are waiting for the interest rate increasing, and then the house market will be crushing.There's a crush after the interest rate increasing.No, I'm telling you right now, don't wait anymore.Even there's an interest rate increasing, but there is no market crush.Let's take a look at what's going on.
Okay, so you want to, if you want to know why I'm talking about like that, you must understand one thing why they want to increase interest rate.The reason is about the inflation rate.The inflation rate right now in US is 7.5% is the biggest.Is the highest since 1982. Is the high?Is the inflation rate? Okay? For Canada right now, it's a 5.1 %.Since 1991, this is the highest inflation rate for Canada, OK Last year for USA is 7 %.OK For Canada, is a full percent what you can see right now.So the inflation is a much, much serious Right now.
It's very serious. So that's why they want to as people expecting the USA government to increase the rate, the problem is, for USA, it is a little bit complicated.
For USA. Inflation rate is not only about printing money.Okay, so, as you probably know, the inflation is because the pandemic.They issued so much money, the printed so much money.But there's another big fact for USA is tweeding wall with China.
So because China, they made a lot of cheaper stuff, and they don't want it right now.They want to put too much tiriff on that.And then so they want to make by themselves, or want to buy from other countries more expensive.So that's one big factor as well for the inflation.