Bank of Canada Governor Tiff Macklem warned that he expects the housing market to 'moderate' despite continued growth during COVID-19.
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And then everything is simply going to go down as never. Thanks to the cowardly public and the corrupt hack politicians.
@Philip Martin How do you figure 10% inflation?
@Philip Martin On what basis to you make this statement?
Ummm when everyone has to pay bills, mortgage and make governmental payments back with no job and a failed economy, what then? Do we eat the rich? Wheres the money that was designated for W.E.?? seriously prepare yourself for economy calamity and complete collapse of or western world….
@Andrew Wang They aren’t like me. I have the common trait of treating others like human, they don’t. Every rich person I’ve seen and met has thought of themselves as superior as if they were somehow better than me. I’d like to believe you because I want that to be the case, but it isn’t.
Smonk_Bruh, If u have to eat the rich, start with the most rich and eat your way down. I suggest slow cooked.
Change that to “eat the politicians.”
WE, I want my tax money back.
Aint really your money to begin with.
@Scott Carey you are probably one of those entitled civil servants that works 3 hours a day and get paid for 8.
@– Exactly! Why would Scott want to rock the boat getting paid the same money to go shopping on his 2hr break as a private sector worker gets in their WHOLE p/t shift. These are the dinks who voted in blackface and preach to everyone to go to school and pay your bribe to get in the coveted Liberal club.
Colour of skin depending of course.
@Caravan Darkness Exactly!
@Scott Carey he’s referring to the WE charity scandal and yes it was all of our money.
you mean because of government controls , i mean lets be honest for at least a split second
yes let’s just let it go anywhere it goes
nothing bad can ever come of that
The market was only hot because of cheap debt. That’s government intervention already.
Pepare for the cooling to turn to a frosty crash based on Turdeau’s rumoured budget goals.
We’re about to get hit with what happened 90 years ago, and I think it may hit same day, for that whole century history pattern that ‘Hydra’ has been doing for millennia
Edit: hydra euphemism
de14jabs Yup. government caused depression.
Bill Fredericco Prepare my friends.
in other words you will destroy it.
this guy has no idea what it’s going to do …..guessing as always —-
Its not the houses we’re selling.
Monopoly money may now be worth more than the Canadian dollar
No more mortgage deferrals, bank foreclosures will fatten the banks pockets.
how? Even if homes went into foreclosures- the sold homes may not even cover the mortgage itself especially in places like Alberta. From my understanding banks in Canada don’t really benefit from foreclosures and are just trying to recoup losses.
Eden M – Bank of Canada owns the risk. They own over 8 billion in mortgage bonds. Print, print, print.
Is this the face we go to to get economic news and the future-He sits on a chair all day-he is a moneylender no more!
When the banks start repossessing homes?
It’s actally the opposite. Having the lowest ever interest rates, the market is going to get event hotter.
And the price of lumber has doubled so no one can afford to build, or they are building and passing on the cost to the consumer.
@Brenden Scott Imagine having a lumber shortage in Canada.
@Archaon The Everchosen 😆😆😆
Low mortgage rates are great but dont forget canada has the highest income to debt ratio in the world….on average every dollar a person makes they owe $1.75
Who cares?.. When they push the vaccine I’m out anyway.
Canada’s housing market will crash.
“Moderate” is a nice way of saying it.
He’s talking about all those folk out of work who had to take the devil’s deal from their bank which charges interest on interest. Shame on them. Shame.
online housing (real estate peoples can tour the houses via virtual reality or pictures/videos)
Cool.. we’ve got more than enough monies to put every canadian in a house… Should be a $1 a home!!
@Scott Carey dood, those 1$ homes is wayyy worth the investment if the pandemic ends
Been hearing that for nearly twenty years. So long as foreigners are allowed to purchase property, we’re going to see it be more affordable for Canadians.
How many of these Canadian houses were bought by foreigners with ill-gotten gains, try moderating that.
Now that… should be illegal. Canada first. Politicians, are you listening? To own a home from the work of your hands, a very basic necessity. The politicians have gotten fat on offshore money without asking any questions.
1/4 of Vancouver maybe..lol
Don’t blame the buyers , blame the sellers instead
The market will still soften as foreign investors are gone – though once we open our borders to more international buyers (students, laundered money from China, etc) it’ll skyrocket.
Out West, thousands of now unemployed families are losing or lost their homes via Bank foreclosures and are being bought up by the wealthy and foreign investors and newcomers with no past credit history or lack of accountability from where the money came from to take advantage of the new statistical housing boom. This I believe is the same thing happening to businesses large and small. Banks and government don’t care about the blue collar population.
…bear in mind folks that we live in a country where the price of a litre of gasoline HAS NOTHING TO DO WITH THE PRICE OF A LITRE OF GASOLINE..yanked up on Friday and back down on Monday…for no other reason than it being Friday and Monday….in a world where the price of a house has nothing to do with the price of a house and the value of a dollar has nothing to do with the value of a dollar. IT’S ALL yanked about at the leisure of those who make money by yanking it about at their leisure.. AND WE ALL KNOW IT….the rest of it is all a buncha BLA BLA BLA….and we all know it.
Seems like houses are overpriced in Canada generally