The Bank of Canada's Impact on Real Estate: What You Need to Know
Вставка
- Опубліковано 7 лис 2024
- The Bank of Canada holds rates again and it's confirmed that supply needs to be addressed before BOC will bring them back down.
The Ottawa Real Estate Podcast is sponsored by Guertin Poirier Law and brought to you by Referral Mortgages, PaulStevenson.ca and The Campbell-Maric Group.
Get in touch with us!
Paul Stevenson - Mortgage Agent Level 2
Email: paul@paulstevenson.ca
Phone: 1-613-263-4543
David Warren - Referral Mortgages
Email: david@referralmortgages.com
Phone: 1-613-686-6003
Greg Campbell - The Campbell Maric Group
Email: greg@tcmgrealty.ca
Phone: 1-613-614-0179
If you have a question or topic you'd like to hear us discuss send us an email at:
paulgregdave@gmail.com or leave us a comment below!
New Episodes of the podcast are available on Tuesdays at 10AM on all podcast services and at
www.theottawarealestatepodcast.com
Brought to you by Referral Mortgages, The Campbell-Maric Group, PaulStevenson.ca
www.referralmo...
www.paulsteven...
Bank of Canada says they are holding rates again, as expected! What do you think about it? If you're a buyer, is this affecting your decision to buy? Quoted. "They cannot move right now on rates solely because it's going to fuel the real estate market because there is not enough supply." What do you think? #BOC #bankofcanada #mortgagerates
So the heads that talked about 7 rate cuts this year. Then it went to 5. Then it went to 3. Now it’s at 2. I figure by this date in June it will be 0. Hopefully everyone likes these rates. I personally love it.
These guys are absolutely priceless with the buy buy buy narrative. It’s like Jim Cramer is in the room.
The new neutral rate is being forecasted to be 4%. For you non economic types which you guys are not. That’s the long run rate for the economy that is not stimulating or contracting.
Let’s rock.
The BoC is going to be synchronized with the Fed’s decision. Let’s not kid ourselves. Keeping the loonie from getting trashed is central to cool inflation. Certainly the debt may call into question a 4% neutral rate. Hard to call it but pretend and extend with low rates is a frequently used lever for the worlds balance sheet problems.
@@dillyah86agreed. Everyone thinks that the central banks can facilitate this inflate the debt away narrative. I don’t believe that can be done. The markets are big time aware that these guys may attempt this maneuver. The markets are fully aware of that game. The markets are giving the central banks the benefit of the doubt that they will get inflation down. That won’t last forever if the central banks go into QE and interest rate cuts if inflation is still rampant. The Bank of England was called out just a few years ago, if Canada decides to go down that road they will be called out as well.
I believe that there is no chance that the debt will be inflated away. We live in a much to connected world where capital can be moved around the world at light speed.
Thanks for being such a long time listener of the show!
I am still loving your forecasts by the way. It warms my heart. Three real estate industry brainiacs making monetary and macro economic calls on long term run rates of interest rate policy.
I personally have a degree in Economics what you guys sporting at the end of your names?
If you reply with accredited “mortgage broker” or “real estate professional” I rest my case.
Unbelievable.
Oh please, no one can predict it and they are giving us their best educated guess. A degree doesn't mean anything when predicting what the bank of Canada will do. I have a Masters degree and I don't know.
@@Progresiando I didn’t predict anything. I know better.