Real Estate Talks

https://image.ibb.co/n6WXoG/A43381_BD_1_BF8_4521_9559_90_BA170_C615_D.jpg I’m going to go out on a limb and say that Canada and American will never raise interest rates to anything meaniningful EVER again. Its been to long on emergency rates. To much borrowing and it will crash the system to get of...

Not that the US and Canada are one and the same but the US sure is pretty aggressive when it comes to raising rates: http://www.ctvnews.ca/business/u-s-fed-leaves-key-rate-unchanged-but-hints-at-future-hikes-1.3659107 Even though they held steady, they sent a pretty clear signal that we can expect a...

http://www.ctvnews.ca/mobile/business/statistics-canada-says-real-gdp-contracted-by-0-1-per-cent-in-august-1.3656604 "The amazing run of amazing Canadian economic data is officially over, with growth coming back to reality in hurry," Bank of Montreal chief economist Doug Porter wrote in a note to c...

http://www.ctvnews.ca/mobile/business/statistics-canada-says-real-gdp-contracted-by-0-1-per-cent-in-august-1.3656604 "The amazing run of amazing Canadian economic data is officially over, with growth coming back to reality in hurry," Bank of Montreal chief economist Doug Porter wrote in a note to c...

Psssst - I know it's hard to believe in Vancouver but the economy is effected by more than just RE. Rates aren't solely dictated by RE prices, affordability or sentiment. And double pssst - people aren't borrowing from Peter to borrow more from Paul so they can squeeze into the RE market in Ottawa. ...

To be clear - i am also saying rates won’t go to 20%. But rates going up (we will disagree on how much BoC left for interpretation going forward - I think they are saying rates are going up but they can’t promise how fast) and that combined with new qualification rules means less demand. And full di...

Who is trying to talk the market down? Rates are going up - it is obvious to anybody with eyes. I don’t know why anybody would cry about this - generally it means the economy is doing well and people are making money. Well I guess one reason people would cry is because they are over leveraged - perh...

Gouverment policy trying to control housing pricing is smoke and mirriors.The illusion of due diligence. Foreign buyers tax? Why not out right ban foreign ownership. Conventional mortgages must qualify for higher rates? These mortgages are already the highest quality and least likely to default. Re...

http://www.news1130.com/2017/10/25/bank-canada-rate-untouched/ “However, the bank says while its still-low interest rate of one per cent will likely rise over time, the governing council will remain cautious when it comes to future increases. The central bank is also releasing updated projections t...

https://ca.news.yahoo.com/buyers-regain ... 15407.html

Looks like Toronto slump lasted roughly as long as Vancouver's after foreign buyers tax implemented...6 months

About the time it takes for the loopholes to be discovered.

It might force people to extend their amortization period to 35 years. Uninsured mortgages are the best kind, with 20% down it shows the buyer has some sort of saving ethics. As for this slowing the market down, if I want to buy something for $700,000 and I have $140,000 in downpayment. Am I just g...

Almost zero talk here about the one subject that can have the greatest impact on the RE market.

What does everyone think?

Cue the industry shills claiming these rules are unnecessary and will impact the economy

My comment was a jab at ETB. Anyways - will we get to 20% again? Not in my life. But the article suggesting 5% is impossible is completely comical - then look at the source of the article. No self serving there. My guess is ETB is praying rates don’t rise because theyy are leveraged more than they w...

Foreign buyers have learned how to circumvent the tax. Simple as that.

Makes we wonder where the politicians were when prime lending rates hit 22.75% in 1982. There was plenty of pain when people were losing their houses back then. But of course ... “it’s different this time”. Lol! It is different this time, 30 years of fractional lending and a ever increasing money s...