Comments on: Canadian Home Price Gains May “Exaggerate” Equity, Manual Approvals Rise: BMO

By: Mathieu Powell

Mathieu Powell — Mon, 31 May 2021 02:38:39 +0000

I have to agree in part with Sn. In this day and age of massive government bailout, big banks have less to worry about.

By: Sam

Sam — Fri, 28 May 2021 15:05:10 +0000

In reply to Adam.

The funny thing is people will be outraged if a correction comes. Like they gained $200g’s in 2 years….the market corrects let’s say 10-15% …and they’ll be outraged that they lost “thousands of dollars of hard-earned equity”…..

By: Sam

Sam — Fri, 28 May 2021 14:00:37 +0000

In reply to Sn.

The banks are reporting record profits (again) and comfortable with the risk on lending billions to over-leveraged home-buyers.

Fact 1….we need a strong banking system. Fact 2…..banks exist for making profits. Fact 3…..Governments and Central Banks regulate and influence the banking system to ensure a strong, balanced, sustainable growth economic environment.

If it goes to hell…..who’s fault is it?

By: expat

expat — Fri, 28 May 2021 08:03:57 +0000

In reply to Gerald Haw. Yeah but governments operate in short term cycles. If the economy looks good, so do we. There's no tomorrow!

By: Mike Perlman

Mike Perlman — Thu, 27 May 2021 22:03:12 +0000

In reply to Trader Jim. Man those posts bug me the most, where people can't even understand basic percentage movements hehe

By: Sn

Sn — Thu, 27 May 2021 21:02:26 +0000

Yawn… cosmetic changes to mollify the middle class “losers”. They’d sooner fund the hyper leveraged because *wink wink BoC/ Canada is going to step in to bail out the banks. Does anyone doubt that Canada would bail out the banks in case of a serious correction?

By: Gerald Haw

Gerald Haw — Thu, 27 May 2021 19:21:24 +0000

If a home anywhere in the country can rise 50% in a few months, and it was a few months because prices only really took off last October, they can collapse in a few years.

If the government is wrong, they’re going to have to deal with a lot of problems they didn’t anticipate.

By: Quon

Quon — Thu, 27 May 2021 19:19:03 +0000

In reply to Adam. Nice summary tbh. The longer this goes on, the more people pile into leverage. It's not getting better, it's getting MUCH worse.

By: Craig

Craig — Thu, 27 May 2021 18:47:01 +0000

In reply to GTA Landlord. Spoken like a true expert, I see.

By: Craig

Craig — Thu, 27 May 2021 18:46:42 +0000

In reply to Adam. haha. What's that cartoon with the guy finding $20 and says they made this?