[Video] A Chat w/Ex-Bank of Canada Governor Stephen Poloz On Real Estate, Inflation, & Policy
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1.5 mil for a garage is not a bubble Steve?
You sure serve the Elite.
Poloz needs this to be true, because he created a new mortgage product literally at the market top. Remember this is the same guy who dropped rates to emergency levels and ignored the signs of a bubble forming in 2016.
“Canada firm backed by former BOC chief Poloz launches home-buying platform”
https://www.reuters.com/article/canada-housing-key-idINL4N2S73SB
This guy is the one who started making mess by only lowering interest raters and printing money unnecessarily when it was not required.
If you have good education it does not mean you have common sense or urge to do right things.