Variable mortgage holders brace for rate decision

Поділитися
Вставка
  • Опубліковано 29 жов 2024

КОМЕНТАРІ • 82

  • @finleysterling562
    @finleysterling562 4 місяці тому +116

    I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

    • @leedavis3639
      @leedavis3639 4 місяці тому

      If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.

    • @SamehGalal-bj5ni
      @SamehGalal-bj5ni 4 місяці тому

      Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

    • @finleysterling562
      @finleysterling562 4 місяці тому

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

    • @SamehGalal-bj5ni
      @SamehGalal-bj5ni 4 місяці тому

      Ethan Grayson is one of the finest portfolio managers in the field. He's widely recognized; you should look him up.

    • @finleysterling562
      @finleysterling562 4 місяці тому

      I appreciate this info.

  • @vietdo1865
    @vietdo1865 4 місяці тому +16

    They been prodicting a rate cut since the first rate hike. Like warran buffet said these people have no clue what they are doing. I think they are 0 for 12 predictions.

    • @lominiski
      @lominiski 4 місяці тому

      Not secret knowledge. Just year 2 economics. But I am not sharing it.

    • @lominiski
      @lominiski 4 місяці тому

      Time to buy real estate and get rich.

  • @lominiski
    @lominiski 4 місяці тому +10

    There is no rate cut. People are looking at the wrong things.

    • @vert911
      @vert911 4 місяці тому

      whats the right thing?

    • @lominiski
      @lominiski 4 місяці тому

      @@vert911 Can't tell you. I am enjoying the media shows. I said rates would go up in 2021. But the media has its own sayings and would copy. I am a bystander and watching the Canadian economy movie.

    • @lominiski
      @lominiski 4 місяці тому

      @@josephsmith594 I know. So I am watching the wish rates would be be cut a lot movie.

    • @donm2067
      @donm2067 4 місяці тому

      ​@@josephsmith594They could have held them there, or went negative.

  • @wayneho71
    @wayneho71 4 місяці тому +5

    $10 Canadian dollar for a big mac on McDonald's menu soon if BoC lower interest rate 🎊👏👏👏👏🎊

  • @ErcanALTINEL
    @ErcanALTINEL 4 місяці тому +5

    We're dying in Canada

  • @prao4603
    @prao4603 4 місяці тому +28

    No cuts needed - housing ponzi bubble needs to pop if young people are to have a future. Also, if CAD goes lower (as US Fed isn't cutting anytime soon) - we will see inflation in grocery prices.

    • @Sheer-opulence9
      @Sheer-opulence9 4 місяці тому +3

      The rest of the world has started to cut rates and Canadians are not as financially stable as the US.
      Cdns are heavily leveraged.
      This problem was brewing for a long time.

    • @SteveMartile
      @SteveMartile 4 місяці тому

      You nailed it!

    • @officiallynrgxlr8tr
      @officiallynrgxlr8tr 4 місяці тому

      @@Sheer-opulence9 canada should hike 200bps and destroy the asset bubble before it brings down the country. or do the boomers need to have one last bender before handing us the bill?

    • @alexg9727
      @alexg9727 4 місяці тому +2

      @@Sheer-opulence9 lol what

    • @alexg9727
      @alexg9727 4 місяці тому +1

      @@Sheer-opulence9 None of the western world has started cuts. Were not Europe

  • @mrbbqlvr4274
    @mrbbqlvr4274 4 місяці тому +7

    Are they nuts!? Rhetorical question ; )

  • @KrikitKaos
    @KrikitKaos 4 місяці тому +6

    No. Increase rates pls.

    • @Plumber60423
      @Plumber60423 4 місяці тому

      Decrease rates increase rents instead

    • @vert911
      @vert911 4 місяці тому

      Hahaha they just lowered rates. You are sooooo stuck

    • @Plumber60423
      @Plumber60423 4 місяці тому

      Nice! They just lowered

  • @MR007-r3f
    @MR007-r3f 4 місяці тому +1

    Ask the question who is looking for the cut and why are they?

  • @stephenr6194
    @stephenr6194 4 місяці тому +13

    Remember what you wish for if BOC start rate cut tomorrow…things are already so expensive and inflation will come go back up very quickly

    • @lilsabin
      @lilsabin 4 місяці тому

      shut , dont tell them

    • @gagandhaliwal1453
      @gagandhaliwal1453 4 місяці тому

      LMAO.

    • @vert911
      @vert911 4 місяці тому +2

      all poor people think there's always too much inflation.

  • @newdeal_99
    @newdeal_99 4 місяці тому +2

    They will cut, it won't cause inflation because houses are still priced like rates are way lower and most people will still be renewing existing mortgages at higher rates even if they cut multiple times. Most of the pain from raising rates hasn't been felt yet unless you are on a Scotiabank variable mortgage or a first time home buyer

    • @ErcanALTINEL
      @ErcanALTINEL 4 місяці тому +2

      I am on Scotia variable, jumped to 4500 from 2500

  • @Observer168
    @Observer168 4 місяці тому

    BOC won’t cut rates until it’s too late. We already have some of the biggest companies in the world cutting 10%-15% of their work force. Microsoft, Amazon, Google, Tesla etc all firing people. The impact of these layoffs on our economy won’t show up until a year from now.

  • @RaySmith79
    @RaySmith79 4 місяці тому +1

    It should stay the same based on the economy. If you can't afford your places. Who told you to take a place on with all that debt

  • @andriimarchuk9649
    @andriimarchuk9649 4 місяці тому +1

    What type of society that watching the bank of Canada or FED mouth like slave watching what master will say

  • @bryankerr9174
    @bryankerr9174 4 місяці тому +3

    Isn't it true only 10% of Canadian mortgage holders who are on variable? Also, won't this sink the Canadian $? Won't that make a bunch of other stuff more expensive?

    • @vert911
      @vert911 4 місяці тому

      im on variable. its time for the rest of you to renew into 5 percent fixed for 5 years while my variable drops to 3 in january

    • @nikoprsnds
      @nikoprsnds 4 місяці тому

      @@vert911not our fault you made a bad decision.

    • @vert911
      @vert911 4 місяці тому

      @@nikoprsnds actually, no lenders would approve me for a fixed. My broker could only get variable. So no decision, no regrets. Now, instead of a 600k property appreciating the next 2 years, it will be equity percentage gain on 1.1m. You renting?

    • @davidlepoidevin4239
      @davidlepoidevin4239 4 місяці тому

      600 to 1.1! Or more likely to 400k

    • @vert911
      @vert911 4 місяці тому

      @@davidlepoidevin4239 lmfao. You think 1.1m property will be worth 400k? Are you a renter and convincing yourself of this dilusion helps you sleep? ALL property is going up in price, even before rates lower.

  • @AmanSS890
    @AmanSS890 4 місяці тому

    If housing bubble pops people are screwed. That’s way the bubble won’t pop the banks and the government won’t let that happen,

  • @MR007-r3f
    @MR007-r3f 4 місяці тому +1

    Rate cuts! WOW!!!! These guys want the housing market to pass the moon.

  • @JessT-vg7ib
    @JessT-vg7ib 4 місяці тому +1

    I'm going to laugh at everyone when they hold rates.

  • @DanKac182
    @DanKac182 4 місяці тому

    Cut and the houses prices will go up even more

  • @dougo9135
    @dougo9135 4 місяці тому

    Lol. He ends with, Inflation has nothing to do with prices.

  • @whereitsat350
    @whereitsat350 4 місяці тому

    Well I guess Canadians will be saved if they drop the rate by 1/4 of 1%...smh

    • @vert911
      @vert911 4 місяці тому

      no, but after 8 of them yes

    • @Yelllowchild7
      @Yelllowchild7 4 місяці тому

      @@vert911lol 8 rate cuts. 0.75 cuts this year at best
      And 85% of all mortgages are fixed. There is still a 1% spread on fixed vs variable

    • @whereitsat350
      @whereitsat350 4 місяці тому

      @@vert911 Don't hold your berth ...8 aint coming...

    • @vert911
      @vert911 4 місяці тому

      @@whereitsat350 If economic numbers keep increasing and decreasing at their current trajectories, why wouldn't there be 8 or so consecutive small rate decreases? The effects of them wont even be felt for a year. In that time Unempoloyment will rise and inflation will lower.

    • @vert911
      @vert911 4 місяці тому

      @@Yelllowchild7 the 1% will flip in the next 12mo. 0.75 as we both agree means 3 more this year and 5 in 2025.

  • @NUKEzx10r
    @NUKEzx10r 4 місяці тому

    😂

  • @brettlongfield3291
    @brettlongfield3291 4 місяці тому

    Cut the rate, tank the currency - STAY THE COURSE, NO CUTS 'TIL 2026!

  • @MangoFlamingo
    @MangoFlamingo 4 місяці тому +1

    buy RBC stock not BMO lol

    • @vert911
      @vert911 4 місяці тому

      i own both