Comments on: Canadians Brace For Higher Mortgage Rates After Bank of Canada Hike

By: Ike

Ike — Thu, 08 Jun 2023 17:28:58 +0000

No comment. Gone working my third job in this heated economy to make the dang mortgage/rent

By: Cheon

Cheon — Wed, 07 Jun 2023 21:05:07 +0000

Rates need to be at 15%. Prices need to deflate. It’s either deflation or hyperinflation. Canada will never recover from hyperinflation so deflation it is. The economy isn’t running hot, just another myth. Canada has a real unemployment rate more than 3 times the advertised rates. The job surpluses are in retail. There are no jobs or internships for undergrads and graduates.

By: Ali N.

Ali N. — Wed, 07 Jun 2023 20:14:09 +0000

Inflation will keep surging and the bank will have no choice but to increase rates again.
Why? Instead of introducing a carbon tax on Canada’s biggest and increasing commodity for export – coal, we will start getting taxed for transporting goods within our own country.
That’s because emissions from burning coal in any other place in the world don’t count.

By: Craig

Craig — Wed, 07 Jun 2023 19:37:23 +0000

Canada is a Ponzi Scheme based on massive levels of Immigration driving real wages down and Real Estate values higher. Young people have given up hope.

Anyone on a fixed income or salary is being squeezed by inflation. Soaring home values create a delusion of riches that could evaporate like a mirage on the horizon.

People with jobs are sleeping in tents by the Fraser River rather than dish out most of their income to sleep in a closet without windows.

Crazy times created by poorly thought out policies.

When’s it going to stop. The longer the party goes on the worse it gets.