What are “normal” interest rates?

Interest rates are a key factor for real estate markets, but what are “normal” interest rates? Looking back through history, it becomes clear that there has never been a “normal” level for interest rates. In this short video, we take you back through time to explain why that is – and look at what this might mean for interest rates moving forward.

[youtube_sc url=”http://www.youtube.com/watch?v=9DRrhRWotaU&feature=youtu.be” width=”640″ height=”360″]

Former Economist Doug Blissett contributed to the analysis of our monthly news releases and quarterly reports that CREA prepares for Boards and Associations. He’s always up for a chat about economic and housing market trends. Doug is a B.C. native who moved to Ottawa years back to study Economics at Carleton University. Looking for Doug after hours? You may find him on the volleyball court or soccer field during summer or on the slopes during winter.

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