Re:I'm reading the FT and WSJ from 100 years ago each week l...
by jbay808 on Sunday August 08, 2021 @09:56PM
(#28111953)
In Canada at least, primary residences are capital-gains exempt.
Mortgage payments are typically almost constant with respect to interest rates, because the monthly payment is what tends to climb to whatever value the market will bear. Instead, the home value itself goes up and down inversely with rates, such that the monthly payment remains approximately unaffected by a rate cut.
Mortgage payments are typically almost constant with respect to interest rates, because the monthly payment is what tends to climb to whatever value the market will bear. Instead, the home value itself goes up and down inversely with rates, such that the monthly payment remains approximately unaffected by a rate cut.