Comments on: BMO Revises Bank of Canada Rate Forecast Higher, Expect 2008-Levels By Next Week

By: J

Tue, 12 Jul 2022 13:29:46 +0000

In reply to Larry G. Most realtors are part-time, that's why they don't make it. It's like any competition, only the best make it to the top and survive any down turn. All these places looking for help and not finding any? They'll find some soon enough when the part-time realtors finally quit and accept that their stream of the gold rush has no gold. IIWII, jumping into the frenzy will get you burned.

By: Phil

Phil — Mon, 11 Jul 2022 20:43:51 +0000

It’s about time! The whole economy has been seriously distorted for the better part of 15 years. Just re-balancing that will be very hard on all of us but worth the pain long term.

By: Larry G

Larry G — Sun, 10 Jul 2022 19:58:03 +0000

Plenty of takers of low rate deals for way to long. The reality for those takers, including governments is you own the debt. Higher rates were inevitable. Now we need to rejig our spending priorities and deal with a new spending priority. A trip around my “hood” shows an increasing amount of For Sale signs hanging around longer with interesting phrases like “New Pricing”. Oh and yeah don’t forget those once sought after big ticket must have “toys” now selling at deep discounts. As summer already starts to fade, we will likely start to see people looking for work. Believe it or not!

By: Kat

Kat — Sat, 09 Jul 2022 21:41:19 +0000

In reply to Ravi. It is about time, borrowing money should have some risk attached too it. Even higher makes more sense, time for housing to not be a investing commodity and it be such a huge part of our GDP.

By: Joe Q

Joe Q — Sat, 09 Jul 2022 01:35:03 +0000

GIC @ 8% please.

By: Terry

Terry — Fri, 08 Jul 2022 23:45:50 +0000

Should never of been so low in the first place but just wait till they start raising taxes to make payments on the federal debt

By: cdr

cdr — Fri, 08 Jul 2022 23:19:15 +0000

About damn time.

BoC OLR should never be below 2% unless in recession. Over the past 14 years when economy was chugging along, sub-2% distorted capital market efficiencies.

By: Yofinance

Yofinance — Fri, 08 Jul 2022 14:06:13 +0000

About f’n time a bank actually comes out with a forecast that is sane and makes sense. This fake debt fueled economy needs a massive reset where capital needs to be diverted to more efficient and sustainable areas of the economy other than housing. Let’s this forecast is true because like anything else there is no gain without any pain. Bring it!

By: Claire

Claire — Fri, 08 Jul 2022 13:14:22 +0000

There’s actually a “higher interest rates, please” club here 😀

By: Ravi

Ravi — Fri, 08 Jul 2022 06:03:22 +0000

“The largest rate hike in decade”. “Higher mortgage rates” Why don’t you tell the public that these are actually normal mortgage rates. Don’t you think you are glorifying the situation a tee bit?