By: alex

alex — Wed, 16 Feb 2022 03:11:55 +0000

This forum used to be filled with plenty of commentary surrounding this sort of news – I think it’s safe to say that after seeing the current state of our parliament, people are done with conjecture and are essentially just waiting for things to go belly up as they inevitably will at this point.

By: Jambok

Jambok — Wed, 16 Feb 2022 01:13:12 +0000

Any real estate price increase while on the cusp of new rate hike cycle doesn’t matter. It’s not where prices are now but where they will be when rates go up another 1 to 2% is what I am looking forward to seeing. If i had to venture a guess prices will be a lot lower but then again we will have the actual results in less a year. And the whole Tiff Maklem and Trudeau trying trying to slow rate hike pace isn’t going to work. The Federal reserve is now talking about a 2% hike before end of year to control their inflation. They can do that as their debt isn’t as high as ours and they also have the Universal world currency. If BOC doesn’t go anywhere near tandem with the Fed the loonie will take a big hit and we will be seeing 15 % inflation. But i think BOC will take higher inflation before they pop the bubble but sooner or later public opinion will force their hand to target inflation. So BOC is running out options to kick the can down the road like they have always done. Basically anybody leveraging themselves now to buy a property will not be in a great financial position in the near future.

By: Richard Allen

Richard Allen — Tue, 15 Feb 2022 21:17:02 +0000

I just wanted to say that this is not anywhere near universal, even percentage wise. Alberta is doing little, Toronto is stupid.

Comments on: Canadian Real Estate Prices Jump Another $29,000 And Have Never Grown Faster

By: alex

By: Jambok

By: Richard Allen