Comments on: Canadian Real Estate Is About To See Rate Pressure Not Seen Since The 90s Crash: BMO

By: Yourwrongagain

Yourwrongagain — Sun, 05 Jun 2022 20:23:04 +0000

In reply to Mr.G. For prices to hit pre pandemic prices would be a miracle. Very unlikely..

By: Tim Toon

Tim Toon — Sat, 04 Jun 2022 16:56:40 +0000

This is where that lovely bail in program works beautifully, when the renewers start crashing guess who gets to bail out the banks.

Looks like the 2008 US all over again except here.

By: Chris

Chris — Fri, 03 Jun 2022 13:53:52 +0000

We won’t see the bigger drop until these ultra cheap mortgages start coming up for renewal in 2024-2026. Lots of families stretched their budgets and that’s when they’re going to get whacked by rate increases.

By: Mark Bayly

Mark Bayly — Fri, 03 Jun 2022 05:59:10 +0000

1.5 per cent interest rates is not aggressive It’s putting out a fire with a squirt gun Interest rates have to go to 7 per cent to have any affect in the artificial Inflation numbers coming from the feds Real inflation is far higher

By: Ahmed

Ahmed — Thu, 02 Jun 2022 20:14:12 +0000

I’ll concur. When us old timers were watching the BOC and Fed ignore inflation back in May 2021 it was clear they were going to gamble a crisis and assume the next recession will also be a great time to be Canadian. The problem is they don’t think at all.

By: Mr.G

Mr.G — Thu, 02 Jun 2022 20:06:42 +0000

Prices are slowly retreating back to pre-pandemic prices. The real crash comes when the unemployment rate spikes. For now the only thing crashing are realtor and mortgage broker commissions. Lenders are good for now so long as borrowers are employed and continue to pay their mortgages.