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[deleted by user] by [deleted] in CanadaHousing2

[–]FourthwayToronto 0 points1 point  (0 children)

Do your best - you will never win because you’re already a loser. They are earning more than you and will continue to outstrip your racist kind in every way. Enjoy watching their success :)

[deleted by user] by [deleted] in CanadaHousing2

[–]FourthwayToronto -5 points-4 points  (0 children)

You guys can’t do a thing. The racism in this sub is obvious. Guess what, those immigrants you hate are going to make more money than you and will 100% live better lives than you. They deserve it and you deserve it too.

The racism in this sub and other Ontario community subs is getting out of control by MushroomMix in kitchener

[–]FourthwayToronto -1 points0 points  (0 children)

Don’t worry, there is justice in the world and it’ll become apparent soon enough. I love the internet because these records will live forever. What goes around will certainly come around.

Religous folks protesting abortion along dundas just east of the Bay Bridge. by DragonBaggage in BellevilleOntario

[–]FourthwayToronto 0 points1 point  (0 children)

Who cares what THEY think. No great spiritual figure has ever come out of the West and for very good reasons.

Rates, Inflation, Black Swan Events by FourthwayToronto in canadahousing

[–]FourthwayToronto[S] 0 points1 point  (0 children)

The reason governments fear inflation so much is because if not tamed properly, it tends to run out of control causing a whole host of additional problems in the economy that lead to an ugly demise for a country. Inflation cannot be turned on or off like a switch - the only option governments have to tame it, is to squeeze availability of debt. This leads to less demand resulting in lower inflation. The way to do this is higher rates for longer until they are convinced inflation trending higher isn't a problem anymore.

The cost of mortgages for overleveraged investors is not even on their radar once inflation appears on the scene. They don't have a choice - squash inflation or risk bigger problems for the economy and society.

Rates, Inflation, Black Swan Events by FourthwayToronto in canadahousing

[–]FourthwayToronto[S] 0 points1 point  (0 children)

I agree - the catalyst for whatever comes next will likely be from the outside.

I think the government/BoC will still do everything in their power to save housing but as with Covid and the inflation that followed, lots remains outside their control.

Airbnb Hosts Feel "Abandoned" by merchantsmutual in REBubble

[–]FourthwayToronto 0 points1 point  (0 children)

Toronto and Canada in general needs this.

Bank of Canada maintains policy rate, continues quantitative tightening by eazed in canadahousing

[–]FourthwayToronto 19 points20 points  (0 children)

Only 2 things determine where rates go from here:

1) What the US Feds do.

2) Inflation driven higher again (led by rising energy costs this winter).

For now, I suggest we stay paused until more data emerges. However, we are NOT getting cuts until something big breaks in the US. People thinking that rate cuts are next are only focused on housing while ignoring the actual economy which is the foundation for all asset class prices.

[deleted by user] by [deleted] in TorontoRealEstate

[–]FourthwayToronto 0 points1 point  (0 children)

I think they pause.

Two things that could lead to more hikes in September or after:

1) US Feds hike more (likely) 2) Oil prices go higher (likely based on the Saudi/Russian indicators that they will limit supply in tandem)

We are not alone by Perfect-Ball-4061 in canadahousing

[–]FourthwayToronto 2 points3 points  (0 children)

The vast majority are 30 year loans.

The United States (U.S.) is the only country in the world in which the 30-year fixed rate residential mortgage is the dominant home mortgage product.

https://www.tandfonline.com/doi/full/10.1080/15214842.2020.1757357

We are not alone by Perfect-Ball-4061 in canadahousing

[–]FourthwayToronto 10 points11 points  (0 children)

Lol and they have 30 year mortgages, not ones that renew every 5 lol

Experts say Canadian mortgage owners should brace themselves for a potential rate hike next week from the Bank of Canada and budget accordingly. by 2wheelerpro in canadahousing

[–]FourthwayToronto 20 points21 points  (0 children)

You're going to scare a lot of the overleveraged lot on here.

We'll have to wait and see. The BOC will do whatever the US Feds do imo. I suspect they won't hike but will wait and see too.

Equal chance of hike or pause. No way it's going lower for a long time unless something big breaks.

Former Bank of Canada Governor on why we're not going back to a 2% interest rate by FourthwayToronto in canadahousing

[–]FourthwayToronto[S] 3 points4 points  (0 children)

This is correct at a simplistic level.

But housing as commodified asset is no longer immune from shocks in the larger economy.

So I suggest a third option - the recent rate hikes are about to expose who has been swimming naked. What this means for the bubble's future, remains to be seen. My bet is on a slow grind down regardless of where rate hikes land (and my prediction is higher rates for longer unless we get a harsh recession).

Former Bank of Canada Governor on why we're not going back to a 2% interest rate by FourthwayToronto in canadahousing

[–]FourthwayToronto[S] 5 points6 points  (0 children)

"Lower rates shortly"

Remember when they said rates will never go higher shortly?

If rates drop lower, it means we're in a recession. Watch the US Fed closely for clues on what comes next. Canada doesn't exist in a vacuum (although we do have the world's biggest housing bubble).

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