Our call is that you're going to see flat interest rates for the next several months: Belski
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- Опубликовано: 12 май 2024
- Brian Belski, chief investment strategist at BMO Capital Markets, joins BNN Bloomberg to talk about his assessment of the U.S. and Canada real estate investing markets.
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I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Fed might keep interest rate flat. But BOC will hike for sure.
April job report is nothing short of miracles. The only viable action is to hike the interest rate and control this burning hot economy
Let’s see
“Burning hot?” Omg.😱 😂
I honestly don’t understand why we continue to ask this question. Aslong as our productivity is down that means it costs more to produce LESS goods right now in Canada which means rates stay higher.
The other thing is everyone is predicting a 15% increase in housing the moment rates begin to drop. We are also predicting a ride in housing of 60% by 2030. Lower rates = higher Mortages. Especially right now when people won’t be in a position to break even or take a loss on property.
I’d hate to tell you but we are fallowing the 200 page dossier by the WEF. Productivity is down which means humans are becoming obsolete as Canada has dragged begin the world in a lot of production aspects. The fact it’s taking us 2 shifts to produce what we could in 8hrs due to gov grants and tax breaks for hiring “under represented groups” is the legal term in Canada. So we have skilled Canadians sitting on EI as people with trades aren’t going to go to work for $10-$15 more than someone at Tim Hortons. Just doesn’t make sense after you have invested in yourself but that’s another social issue right there as Canadians are settling in entry level jobs that are made for teenagers to gain work experience. These people now feel they should be making 30/hr pushing 3-5buttons and mopping a floor. While skilled manual labour workers are making around that. So why would you be skilled and bring literally anything to the table? Doesn’t make sense anymore for alot of people. That’s a big social problem we have here. So back on track now humans are becoming less productive and costing me more money. Which paves the way for heavy investments in AI and Robotics as now companies can justify the rebuild and replacement of people by 2050-2060 which is also why we are predicted to be the worst advanced economy until roughly 2060.
As for housing in Canada specifically the dream is to own a home sell it and retire your home is your main investment in Canada in the US the dream is own a business come up with an idea sell it and retire. So a drop in housing price in Canada would literally hurt 66% of the country. If we then have a depreciating asset like Germany and Japan home ownership there is around 30% polar opposite of here yet they have rental subsidies and caps on price gouging. We can see this happening in Canada as we see rentals for example being harder and harder to manage for the avg Canadian and the private investor are the ones keeping your rental prices in check big corporations you are paying 3K a month in rent. So as we increase capital gains and the fact tenants are squatting making landlords carry to mortages. The risk is too great for a lot now which will lead to a sell off. Now they’re telling you that will put more houses on the market? That’s false according to the CRA over 33% of homes purchased since 2022 were corporations and lenders rolling properties. So this means the houses private landlords end up selling have a good chance of being bought by corporations or developers making rent higher and making those properties rentals for life and likely won’t see the market again unless we have a total collapse.
The issue in Canada is everyone has blinders on and is niave it’s like people screaming we have no money. Yet statistically are BoC graphs indicate you are still spending? So if you have no money how are you spending 300-500$ a ticket for a hockey game? How are you going to the movies and out for dinner? Regardless if you are purchasing on debt that’s your own problem to balance your debt however if you are purchasing on debt then you still statistically have purchasing power now don’t you and that shows us statistically that you CAN pay your bills you are just terrible at balancing a budget. We forget everything gets broken into numbers and people here literally never help themsevles we complain but keep shooting ourselves in the foot.
Stop buying WANTS buy NEEDS only and on the consumer side it will statistically show.
What I love about interest rate speculation is that nobody knows.
Lets just play it safe and call it "flat interest rate"!
So he thinks the 4 to 5 percent ten year treasury rate is here to stay. That means the 5 year Canadian bond yield is here to stay, and from that the 5 year fixed rate mortgage is hardly moving. All that means is home prices will take a severe beating.
Love it, boomers need to be reigned in
In a normal environment you would be right but we have had 50 years of immigration crammed into the last 6 years and that residual demand will push forward. Combine that with Trudeaus promise to maintain and even consider increasing immigration further and I think house prices grind sideways along with rates.
I've been hearing the same thing over and over since 2008. Hasn't happen. Currency becomes worth less, housing and hard assets become more expensive, relative to that currency.
@@gcc8584 Actually non permanent residents (NPRs) are being drastically reduced. Back in mid march the immigration minister came out with their new plan that reduces NPRs to the point that net we will be losing 150,000 of them for the next three years, we are also cutting back international students by about half. Regardless of them coming or going they need good jobs to support housing prices with the new normal in bond yields. In the end though it simply does not matter how many show up, if they have no job, they cant buy no home.
@@stayfulfilled Big difference is that since 2022 we had interest rates go way higher than at any other time since 2008. During the pandemic the ultra low rates made housing go way beyond sustainable unless interest rates stayed low forever, wages have not at all kept up. If rates don't come back to bellow 3% for fixed there is no way but down for house prices.
And you'd be wrong, rates have moved in 30 year cycles since the 1700s, the last one ended around 2021 ( down cycle )
I remember in 1756 when the interest rates was 400$
@@alexg9727 I remember the tech bubble back then
@@alexg9727LOL😂
@@alexg9727 Lol
Ah yes, let me pull out that diary from 1756 and compare…😂
Please, God, let the S&P 500 get to 7,500 in 2024 - 25!!!!!
And a coke will cost 20$
@@CutlerypotatoOnly at gas stations?
@@markhoffmanat dollar store.
All the big boys are not building and they’re not selling it’s coming you’ll be surprised come this fall unemployment rate is gonna go up. Even at 4 1/2% mortgage rates people are used to one percent 2% 4 1/2 if still consider below. People are in debt not looking good. But I don’t understand there’s people are spending restaurants are full. It’s all gonna catch up.