Comments on: Canadian Mortgage Quality Has “Deteriorated”: Bank of Canada

By: Robert Dinelle

Robert Dinelle — Wed, 28 Jul 2021 01:01:08 +0000

In reply to R. Willis. Oh the shadow mortgages ??????? $$$$$$$

By: Robert Dinelle

Robert Dinelle — Wed, 28 Jul 2021 00:57:47 +0000

In reply to Jason Chau. Agree.

By: AL

AL — Tue, 27 Jul 2021 20:53:27 +0000

IT IS TIME FOR A TAXPAYER STRIKE IN CANADA!!! I DON’T WANT ANY OF MY TAXPAYER DOLLARS TO BE USED TO BAIL OUT THE BANKS OR REAL ESTATE INDUSTRY WHEN THE CANADIAN HOUSING BUBBLE INEVITABLY BURSTS!!! DO YOU??? SOMEBODY PLEASE START A MOVEMENT/PETITION TO STOP CANADIAN POLITICIANS FROM CONTINUING THIS INSANE STUPIDITY!!!

By: AllinBi

AllinBi — Mon, 26 Jul 2021 22:36:07 +0000

The sentiment is the banks are covered no matter what and the banks should have a stress test too for accountability in the making as a moral point advisor it doesn’t matter to them they don’t loose you do. Them they are insured no matter what and that is the iceberg that we will all hit economically.

By: R. Willis

R. Willis — Mon, 26 Jul 2021 20:33:32 +0000

22% of mortgages in the big 5.

Now – what about the credit unions and shadow lenders?

By: Canaduh

Canaduh — Mon, 26 Jul 2021 17:57:13 +0000

That sound of a large tree branch breaking in the distance.

By: Ashley

Ashley — Mon, 26 Jul 2021 17:27:47 +0000

Mortgage quality deterioration is just collateral damage to keep economy afloat and make economy look good until the next elections. I wonder what BoC will come up with next, handover loans to buy bitcoins like investment property and rent them out 🙂

By: Tom Wolfe

Tom Wolfe — Mon, 26 Jul 2021 16:53:10 +0000

There should be an Instagram page like drunkpeopledoingthings for all the idiots signing mortgages in Canada.

Include all the ig profiles that have $185K income and $1M mortgage on a previously $2M dollar house; the BoC; RBC; TD; BMO; Scotia; and CIBC. Imagine them all drooling and signing documents then walking into traffic; falling on their faces; slugging it out with the girlfriends.

It’s some funny sh*t I tell ya.

By: Ethan Wu

Ethan Wu — Mon, 26 Jul 2021 16:24:51 +0000

In reply to Kevin Logan. You say it like it's a joke, but they basically blamed people for taking out too much cheap debt. Apparently, everyone wasn't supposed to take out more, as they wanted.

By: Jason Chau

Jason Chau — Mon, 26 Jul 2021 15:52:58 +0000

not enough popcorn gifs when they all start blaming each other. The Bank of Canada knows this isn’t possible without their mortgage bond program which launched in 2019, and helped to stimulate mortgage growth before the pandemic?

“it’s just regular balance sheet stuff.”

You were injecting money into the mortgage market to push rates lower as a routine operation? haha. Good one.