What interest rate cut means to mortgages, housing market
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- Опубліковано 28 вер 2024
- Leah Zlatkin, mortgage broker and Lowest Rates expert, talks to the Financial Post's Larysa Harapyn about how the Bank of Canada's interest rate cut will affect mortgages and the housing market.
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People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
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Why buy if you know your getting ripped in Khanada
Canadian economy needs at least 1.0 cut, and they should have started cutting in December. Tiff screwed up big time
Yeahh no, its not gonna have too much of an impact on real estate. Only thing it’ll do is increase the expectations of buyers that rates will decrease further in the future
27,000 jobs created and wage gains accelerated to 5.1 percent . Mortgage rates will rise as the 5 bond govenrment of Cañada bond yield spiked 3 percent on the news. Good times are back as interest rates rise.
That 0.25% rate cut represent about a 75$ reduction on a monthly payment for a 500 000$ mortgage payment over 25 years. 🤣🤣🤣🤣
Which means, they should buy 2.
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What a pumper. 0.25 does nothing
Its a little relief for auto financing, HELOCs and things like that.
As far as RE affordability.
NOPE!
Any cut is a signal that inflation is going a lot higher.
Denzel Washington once said, “If you don’t read the newspaper, you’re uninformed, if you do read the newspaper, you’re misinformed.”
GET REAL ! ...... any .25 Bps cut isn't going to stimulate anything, this 'skin in the game' cheerleading is ridiculous.
Limited supply bahahahahahah, this whole thing about Canada not having enough homes is a joke. Nah, we just have too many greedy investors, not a shortage of homes.
Too much red tape when it comes to building new homes. There is absolutely a shortage and its another self made problem by the Federal government. What does anyone expect when we let in 1,000,000+ new people every year but can barely build 200,000 new homes per year.