Comments on: Hyper-Stimulative Policies Are Driving Canadian Real Estate Prices, Not Supply: BMO

By: ScottM

ScottM — Tue, 22 Mar 2022 03:30:27 +0000

When will interest rates rise? I remember when I thought 8% was a fantastic rate…. I refinanced one of my mortgages in Oct 5yrs under 2%, insane..

By: Rene Albert

Rene Albert — Sun, 20 Mar 2022 21:39:49 +0000

I am so disgusted with the Central Bank of Canada and the Federal government for allowing this reckless monetary policy. Even the common tax payer knew this was a totally wrong approach which served to rise the cost of homes to ridiculously high price levels. While I have no pity for the investor type buyers, I truly feel sorry for those buyers who were simply too naive and consequently will have to pay a very deep price for it…

By: Jason Aevedo

Jason Aevedo — Sun, 20 Mar 2022 00:23:37 +0000

In reply to Aldous. Their attempt to exit the market will be futile. Fear and greed control the markets. Market are inherently human. They often consume in excess because capital gains are addictive. When fear takes hold we will be in for quite the show. People over levered in the market are in denial of this truth. It happens over and over again.

By: Jason Aevedo

Jason Aevedo — Sun, 20 Mar 2022 00:21:08 +0000

I have been saying this for years. Everything happening today is exactly how Dirk Bezemer and John Galbraith described in their articles and books.

By: Remington

Remington — Sun, 20 Mar 2022 00:10:15 +0000

In reply to Aldous. Here's a shocker all those who ran out buying bigger homes and moving further out thinking they'll forever be working from home. Guess what they're calling many of you back to the office.

By: Lou

Lou — Sat, 19 Mar 2022 22:30:53 +0000

Certain demand was also largely driven by people wanting to get bigger homes or further away from centres too. The pandemic acted has a catalyst of realization for a lot of people while they had more time at home (with less work also good time to sort move) lots realize these needs and acted towards a better life balance.

By: Aldous

Aldous — Sat, 19 Mar 2022 18:52:46 +0000

I would love to know the extent of poorly thought out investment buying in the Canadian market. How many people got swept up in the fever and got multiple risky 1 year mortgages from private lenders and will be squeezed hard as rates climb? Will there be a surge of these people all trying to liquidate at once?