How Elections Influence Condo Prices
For Canadians, travelling to the polls has become second nature. Or at least it should be... but the alarming fact is that a growing number of Canadians are boycotting the whole process as they grow tired of the repeated call to action caused by numerous elections. The country is divided politically as it always has been, and will continue to be, which is a sign of a healthy democracy.
If we look at history as a measure, The Federal Bank will likely be low-key until after an election, so we don't expect interest rates to change next meeting. Having said that, a transfer of power this election would mean a change in the way the money supply is handled, and thus a change to the dynamics of the housing market. Although the consensus seems to be the results of this election will result in little change, if the boycotters decide to return...who knows?