Comments on: Canadian Real Estate Is Once Again Inflationary, Reinforces Need For Hikes: BMO

By: Tanya

Tanya — Tue, 27 Jun 2023 16:22:55 +0000

In reply to Dirk. If the cost of goods is able to absorb interest into the price, it means interest rates aren't climbing fast enough.

By: Timmy O’Toole

Timmy O’Toole — Tue, 27 Jun 2023 16:18:54 +0000

In reply to Rocky. His position is irrelevant, since this is reporting a BMO analysis. I’m shocked how many people in Canada would fail Grade 7 English due to not being able to identify the subject of a paragraph.

By: Dirk

Dirk — Mon, 26 Jun 2023 11:21:44 +0000

Rising interest rates are partly driving inflation now, doesn’t anyone see that interest rates are no longer the right tool to combat inflation?

By: William Herbert

William Herbert — Sat, 24 Jun 2023 18:17:56 +0000

Our central banks have flip-flopped on interest rates so often with a predisposition to lower interest rates no wonder expectations for low interest rates persist.

They have failed to deal with post-pandemic inflation while preserving over-valued assets purchased with free money * over the past two decades.

We likely need interest rates around 7% to deal with inflation but I don’t see that happening anytime soon.

Any market shocks (or black swan events) will result in an interest rate pause or lower rates almost immediately.

I don’t expect much to change because most of the establishment in Canada is invested in real estate!

*borrowing at well below historical average interest rates

By: Dar

Dar — Sat, 24 Jun 2023 02:20:06 +0000

I personally, a single mom who raised 2 kids working full time and part time can not afford any further interest increases. I am a diabetic and my one son have very strict diets that cost more than the average diet and can not keep up with the food increases or any increases. I bought my home myself so my son would have a place to live if something were to happen to me. I can’t and won’t risk his well being.
Think about us little people and stop the increases!!!

By: Rocky

Rocky — Fri, 23 Jun 2023 14:01:51 +0000

Daniel – you wrote an article back in January 2023 saying Toronto Real Estate Prices are crashing. Now you post the above article saying it is back on the rise. Which is your official position?

By: Frank

Frank — Fri, 23 Jun 2023 13:34:47 +0000

In reply to Mark Bayly. BOC is focused on inflation only, problem is ppl still need to eat and buy shoes. Carbon tax is not helping, farmers to truckers have to download the extra cost to consumers. Vicious cycle, the BOC will break the country and ultimately the game plan is for as many ppl as possible lose their homes. We were fine until excess taxation caused by an utter disregard to the very ppl that pay the taxes to watch their money go overseas with no accountability. The damage done in Canada will take decades to recover .

By: Dee

Dee — Fri, 23 Jun 2023 13:19:06 +0000

Who created this mess with housing? I’ll give you one guess.

By: BCModerate

BCModerate — Fri, 23 Jun 2023 05:15:59 +0000

It’s beginning to look a lot like Christmas!

Hike hike hike away!
Lets bring back a real economy!
Lets cleanse the thieves, the cheap-suits, the shysters, the grifters, and the slumlords!

Viva la resistance!

By: Arjay

Arjay — Fri, 23 Jun 2023 00:09:03 +0000

In reply to Mark Bayly. Mortgage lending norms have to be changed. A second mortgage should be treated as a commercial loan.