After all, inflation was falling, the economy was rolling along and Tiff Macklem seemed happy to sit on his thumbs. For four months realtors and mortgage brokers told people interest rates had stabilized. The two recent Bank of Canada hikes (plus today’s Fed move) scared people. Not for the better for Gail and her soon-to-be-ex. And in the past few weeks, things have turned on a dime. The media and politicians call it a crisis. The people that others enjoy preying on because, after all, housing is now a war zone. There are always folks who need to bail out of real estate. “So this was just one more disappointment heaped on a tragedy.” After agonizing, then accepted a deal at one-point-two. Then they approved three price reductions over the course of two months – since not selling was not an option. After getting four opinions they’d listed for $1.6 million (about what they paid two years ago).
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