No way in hell. The Canadian government has just two jobs. One is follow instructions from the US, word by word. The other one is to tax Canadians, as much as possible
Maybe if our government stopped spending our money on unnecessary things and sending our money overseas, we would not be in this mess in the first place.
Now why would the BOC cut aggressively with a real estate sector that's just begging to take off? That's nuts. If the BOC drops rates now they are dooming the Canadian economy.
The exact opposite is the case.....16% of people are waiting for both lower interest rates and lower home prices....in Canada the real estate market is very strong...
@@minimaxmiaandme.4971 The main cities real estate sector is wildly overvalued and it hasn't corrected yet. If the BOC drops rates that will leverage people more to the home which is exactly what we don't want.
@@Lisa-vk2jw Supply is only 1 element of price inflation. Prices spiked almost 50% during COVID for no reason. That had nothing to do with supply. Another big influence has been investors hoarding properties heavily leveraging themselves against other properties. High interest rates will force these people to sell. In fact, the govt should have taxed all of these investors commercial property taxes.
Can you guys speak with someone that doesn't have a financial incentive for rate cuts to happen? Would be nice to get an unbiased response.
There is no fun in that
Agree
These guys promoting the market are nothing more than casino operators
This guy is pushing for a weaker Canadian dollar because it’ll be good for us…. Exception being those of us who like eating food.
Housing prices need to drop, not rates !! 🎉
😟
Oh? Lol.
They won't.
they aint dropping bud. they gonna sky rocket once the first rate drop is announced.
No way in hell.
The Canadian government has just two jobs. One is follow instructions from the US, word by word. The other one is to tax Canadians, as much as possible
I’d rather my kids be feed and clothed than pay for property that has tripled in value because of fraud
This will tank the DOLLAR.
Maybe if our government stopped spending our money on unnecessary things and sending our money overseas, we would not be in this mess in the first place.
He hopes they do it because that helps him out of all of the bonds he is on the wrong side of he could care less about the consumer or anybody else.
Now why would the BOC cut aggressively with a real estate sector that's just begging to take off? That's nuts. If the BOC drops rates now they are dooming the Canadian economy.
The exact opposite is the case.....16% of people are waiting for both lower interest rates and lower home prices....in Canada the real estate market is very strong...
@@minimaxmiaandme.4971 The main cities real estate sector is wildly overvalued and it hasn't corrected yet. If the BOC drops rates that will leverage people more to the home which is exactly what we don't want.
When rates drop developers and builders will start building again, building enough housing will lower house prices, not high interest rates.
@@Lisa-vk2jw Supply is only 1 element of price inflation. Prices spiked almost 50% during COVID for no reason. That had nothing to do with supply. Another big influence has been investors hoarding properties heavily leveraging themselves against other properties. High interest rates will force these people to sell. In fact, the govt should have taxed all of these investors commercial property taxes.
Tiresome speculation.
Misleading title
The rate cut will help finance sector do more business people are understand that…
Encouraging inflation data 😂
Nope, Canada will not devalue their dollar against the USD. No rate cuts happening this year.
LMAO
Propaganda ...signal optomism..then hammer with higher rates
Aaaaand aaaaand. Aaaaand
Cut already. 2% this year!
This will tank the dollar, then they will be forced to raise double
this guy looks desperate with his blonde bowl cut
TLT....stagflation ....
ab ki baar 400 paar
Modi ❤
The banks are going to raise rates ya dunce
you're absolutely retarded. Get a grasp of how economics work!