Comments on: Bank of Canada Quietly Revised Its GDP Forecast To Show A Larger Housing Contraction

By: Kate

Kate — Fri, 28 Jan 2022 02:08:06 +0000

BoC and Tiff Macklem along with Trudeau did the worst damage in Canadian economy that has ever occurred for at least 4 decades.. They prefer to inflate the bubble more as long as they are not shown accountable for the risk and the downturn they have created .. This situation will effect at least 2 generation ..

By: RainCityRyan

RainCityRyan — Thu, 27 Jan 2022 23:30:42 +0000

Whoa! Way to bury the lead.
Did anyone else see the CPI numbers they’re forecasting? 3.4% this year then 4.2% in 2023???!
I guess inflation doesn’t come down if you don’t raise rates.

By: Scott

Scott — Thu, 27 Jan 2022 21:12:24 +0000

I believe I read somewhere ( likely right here) that there were over 1 million vacant homes in Canada. Seems to me some simple change in tax and ownership laws would be a lot easier, faster and cheaper than building anything…

By: Charlie Flynn

Charlie Flynn — Thu, 27 Jan 2022 18:10:27 +0000

In reply to Trevor. The central banker (Tiff) is now in the hold with a bucket trying as fast as possible in a deep sweat to keep the Titanic, known as the Canadian overinflated economy, afloat with higher rates looming and oversupply sinking the housing market quicker than they can bail it out. We are listing and our GDP and the housing market will suffer for years due to this foolhardy short-term fix to a long-term problem.

By: C.Rose

C.Rose — Thu, 27 Jan 2022 17:42:43 +0000

Rising interest rates always affect real estate prices – I know what they keep saying is not this time because there is a supply shortage… that is a fabrication espoused by the industry itself for it’s own benefit. The speculation by investors has been rampant. We’ll see how committed they are- it’s easy to stay with a position when prices are rising.

By: Nassim

Nassim — Thu, 27 Jan 2022 17:36:29 +0000

This really is like watching a deer in the headlights. He knows he’s about to get crushed but he can’t seem to look away from the impending doom he’s about to face or move.

By: Trevor

Trevor — Thu, 27 Jan 2022 17:35:03 +0000

If they think it’s bad now, imagine how bad it’s going to be in two months with home prices already rising 10% per month. Plenty of insane examples of home prices adding hundreds of thousands of dollars in one or two months.