Bank of Canada rate decision

    Posted by fredsaid on 6th of Dec 2022 at 10:34 am

    Bank of Canada rate decision is tomorrow.  Last two moves have been 1% I believe, tomorrow is expected to be .25 but I think it will be .50.

    Housing market crumbling in many

    Posted by steve on 6th of Dec 2022 at 10:39 am

    Housing market crumbling in many of those bubble areas in Canada - below is a Canadian Stream from Mark Morris 

    Canadian Housing

    Totally agree.  The problem in

    Posted by fredsaid on 6th of Dec 2022 at 10:44 am

    Totally agree.  The problem in Canada is there is no such thing as a long term mortgage, the longest you can lock a rate is 7 years but you start paying points above 5 after the lock it goes to full variable or lock in for 5 more years at much higher rate.  I would not be surprised if the government has to step in this time around and force the greedy banks to change the rules.  I'm shocked they have allowed banks to thieve like this for decades.

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