Home Market: Why Your House Is Not Just an Investment
Friday, 13 September 2024, 23:00
Rethinking Home Economics
Homeowners today often perceive their residences as lucrative investments and retirement plans. However, this perspective can be misleading. The idea that a home serves solely as a financial asset has led many to overlook its primary function: a residence.
Impact of Policy and Rates on Housing
- The mortgage policies under Justin Trudeau have significant implications for the housing market.
- Rising interest rates challenge the notion of home equity as an investment.
- Understanding these factors is essential for making informed decisions about housing.
As Mike Moffatt emphasizes, the government’s role in shaping the housing policy influences how Canadians view their homes. The significance of the housing market transcends mere financial metrics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.