Bank Of Canada Holds Key Interest Rate At 5%...Now What?
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- Опубліковано 24 чер 2024
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The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice. - Розваги
When a person considers the direction that property taxes are heading , and the speed that they are heading there. That is inflation. That will cause more pain from the bank and therefore more pain for mortgage holders and possibly house prices. Relate the Toronto Mayor's attitude to how much money you have in the bank. Be very afraid, because it is coming to a town near you soon.
Do you think the reduction 50% for new international students in Ontario and now that the spouse can no longer work on top of no post graduation work permit for private colleges can affect condo rental prices and therefore put more down pressure on the condo prices?
we already are neck deep in that shit, so even if we stop sinking further we are still in the same situation as before.
Where is the market picking up, how can people afford these mtgs, you need average hhi of 250k with 300k deposit to buy a 1/million that's the big problem we face.
My comments in this video are specifically about the city of Toronto.
Tom, they will cut rate once you locked in your five year fixed
Demand is definitely taking over supply in my market.
What do you think would happen if the market continues this way and overheats?
I was right yet again
Now nothing
Market sentiment has been improving because people are expecting a rate cut in March. If that doesn't happen there will be no spring market and a lot of selers will give up with their price demands. Bond yields went up today inspite of the BOC saying rate hikes are done. So no relief there.
Most people I’ve asked talk to expect a rate cut in the summer. I don’t know anyone who thinks one is coming in March.
@@TomStoreyIt's been widely thrown around on social Media and tiktok realtors that rate cuts by spring. Some bank economists from TD and Deloitte had been saying that as well. Maybe your clients are more sophisticated and don't believe the hype.
@@Jo-mf2vuTikTok is the last place I would go for real estate advice.
Mosf of your videos are clickbait... Please stop that. It makes it hard to trust your opinion.
You can't trust this guy at all.
This video title is not clickbait.
Nice content! Do you have a business email or just shoot you a dm?