The High Impact of Low Interest Rates

The Agenda with Steve Paikin

When they were introduced following 2007-2008's global financial crisis, low interest rates were meant as a temporary stimulus to lagging economies. Since then, they have been partially credited with fuelling the housing boom in the Greater Toronto and Hamilton Area and in Vancouver. But eight years later, rates remain basically the same, and experts are now warning of potential long-term effects.
Episode:
The State of Ontario's Housing Market
Aired:
Nov 23, 2016
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