Donald Trump Presidency will affect the Canadian Housing Market?

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With the upcoming U.S. Elections just a few months away it looks like Donald Trump could also affect the Real Estate market on this side of the border as well. This article was taken from Business Canada and is a brief summary of what would happen to Canada's house prices if a Trump Presidency were to take place. At the Economist Canada Summit held in Toronto, many experts discussed some of the situations which could be very likely due to Trumps risky economic policies. His opposition to free trade would hurt the U.S. economy causing the interest rates to stay low for longer. And due to Canada's interests rates being tied in closely to that of the U.S. this could mean lower interest rates and mortgage payments for Canada. Also we could see American Millennials who oppose Donald Trump moving to Canada adding more pressure to the market. To read more about this article click on the link below.

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