Instead, home sales suffered
because rapid price appreciation, fueled in part by an influx of speculators in hot markets, and higher interest rates pushed people out of the market.
In recent months digital currencies like Bitcoin have caught the attention of the investment world due to
their rapid price appreciation and potentially disruptive technologies.
To be sure, there were many factors behind the split: from the differing incentives between startups and other factions of the community to bitcoin's deflationary nature and
rapid price appreciation.
Digital currency's
rapid price appreciation has sparked a nationwide interest, with the mainstream Indian media going haywire on cryptocurrency reporting.
Although cryptocurrencies were created for purely transactional or utility purposes,
their rapid price appreciation, growing volume and high volatility has rendered them the status of speculative trading assets.
I'm sure there will be some foreign buyers who figure out how to skirt the rules, but it's the best the Ontario Liberals could have done and should help slow
the rapid price appreciation at least a bit.
The rapid price appreciation isn't just limited to the GTA.