Jump to content

      













Photo

Victoria home prices and housing values


  • Please log in to reply
2790 replies to this topic

#2781 LJ

LJ
  • Member
  • 8,686 posts

Posted 08 February 2019 - 07:35 PM

If interest rates dont keep pace with the US then expect a lowering dollar....1.60 here we come

 

US 30 year fixed interest rate just dropped to it's lowest point since April last year.


Life's a journey......so roll down the window and enjoy the breeze.

#2782 spanky123

spanky123
  • Member
  • 10,652 posts

Posted 08 February 2019 - 07:49 PM

There are actually many very good arguments against austerity. As long as your economy is growing faster than your debt you are better off than if you try to pay it down. Canada is doing well on that front, the US is not, with spiraling debt to GDP

 

At the Federal level Canada is doing well, when you consider all levels of Government we are near the top of the most indebted countries (per capital) in the world. The reason is that the Feds have been downloading costs for decades. Source is the IMF 


Edited by spanky123, 08 February 2019 - 07:58 PM.


#2783 Mike K.

Mike K.
  • Administrator
  • 46,431 posts

Posted 05 March 2019 - 09:29 AM

Considering Canada's economic growth is grinding to a halt, I suspect the Bank of Canada might reconsider its rate trajectory.

 

The BoC was ready for this eventuality, hence the rapid rise in rates when the going was relatively good.


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#2784 lanforod

lanforod
  • Member
  • 6,803 posts
  • LocationSaanich

Posted 05 March 2019 - 10:44 AM

I could see them staying the course for a while rather than the original forecast of more hikes. We'll learn more tomorrow.


  • rjag likes this

#2785 rjag

rjag
  • Member
  • 4,713 posts
  • LocationSi vis pacem para bellum

Posted 05 March 2019 - 10:52 AM

I could see them staying the course for a while rather than the original forecast of more hikes. We'll learn more tomorrow.

 

Looks like no rate increases for a while, this doesnt bode well when the US economy is firing on all cylinders and their T-Bills are yielding nearly a full % point more on their 10 year bills...its a sure sign of lack of confidence in Canada 



#2786 Mike K.

Mike K.
  • Administrator
  • 46,431 posts

Posted 05 March 2019 - 10:55 AM

The only saving grace for the Canadian economy is a return to a Conservative government. The Liberals scared aware the global investment community, tarnished Canada's image before the global energy sector and created political upheaval that could see the country's economic engine (Alberta) pursue a separatist course.

 

The animosity towards Quebec and Ontario is extreme in Alberta, and when I say extreme, I mean frothing-at-the-mouth extreme. Albertans are furious over the SNC situation after how the federal government has treated hundreds of thousands of Albertans negatively affected by the energy debacle.


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#2787 rjag

rjag
  • Member
  • 4,713 posts
  • LocationSi vis pacem para bellum

Posted 05 March 2019 - 11:02 AM

https://moneytalks.n...e-be-surprised/

 

Go figure – some analysts were surprised that economic growth ground to a near standstill in December despite the efforts by government to derail the real estate sector, oil and gas while interest rates and taxes rose.

 

 

 

https://omny.fm/show...economic-growth



#2788 spanky123

spanky123
  • Member
  • 10,652 posts

Posted 05 March 2019 - 11:14 AM

The biggest issue we have is that despite an 8 year economic run, the best the Liberals can do is a $10B deficit and that is without delivering on the infrastructure or military spending which were the rationale for the deficits in the first place. What happens to that deficit once we slide into recession?


  • rjag and lanforod like this

#2789 Mike K.

Mike K.
  • Administrator
  • 46,431 posts

Posted 05 March 2019 - 11:25 AM

^what happens will be the Conservative's problem.


  • rjag likes this

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#2790 Mike K.

Mike K.
  • Administrator
  • 46,431 posts

Posted 06 March 2019 - 08:03 AM

Rate stays at 1.75%. By year’s end I wouldn’t be surprised if we’re at 1.25% by 2020.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#2791 spanky123

spanky123
  • Member
  • 10,652 posts

Posted 06 March 2019 - 08:14 AM

Rate stays at 1.75%. By year’s end I wouldn’t be surprised if we’re at 1.25% by 2020.

 

Wouldn't be surprised. Note that our Provincial and Federal Governments are still forecasting 2.5%+ economic growth this year. Wonder what the budgets look like if those numbers were brought in line with the BoC estimates or what happens to housing prices when rates drop and the Government eases mortgage rules to keep the transfer taxes coming in.


Edited by spanky123, 06 March 2019 - 08:19 AM.


 



1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users