The Fed and BOC will cut rates early 2024 but like the 80's as soon as they do this inflation will come back even quicker because unlike the 80's our governments are so far in debt they can barely service it as of now. With inflation going up and war on the dollar with BRICS nations dumping it, the interest rates are going to be high. Very high. Mix that with 30% of homes with the 1.8% fixed interest rate being re negotiated for the new high mortgage rate people will be dropping the keys off at the bank. It will be a fake out from the BOC but wit the Liberals spending more and more money it will be a nice excuse to blame the Feds. The real nail in the coffin will be how fast the un employment rate is in 2024. I would HIGHLY suggest looking at the Fed Fund rate graph and its a lot more clear to see what and where we are in the cycle. It's going to be tough for ppl but if your prepped and have liquidity you'll be able to do great and purchase incredible properties.
It sure is looking that way. Thank you for your comment today. I am very worries as well about the out of control spending going on and all the new forced TAXES... We still have major pressure on the island with people wanting to lived here. We'll see what happens by summer for sure.
@@courtenaycampbellriverhomesexp That pressure to move to the island will cool off with the looming recession, and retirees are now seeing the state of health care vs. mainland resources. As of today TD has just let go of 3000 jobs because of bad numbers. The banks usually lay off before businesses because they see the numbers first.
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The Fed and BOC will cut rates early 2024 but like the 80's as soon as they do this inflation will come back even quicker because unlike the 80's our governments are so far in debt they can barely service it as of now. With inflation going up and war on the dollar with BRICS nations dumping it, the interest rates are going to be high. Very high. Mix that with 30% of homes with the 1.8% fixed interest rate being re negotiated for the new high mortgage rate people will be dropping the keys off at the bank. It will be a fake out from the BOC but wit the Liberals spending more and more money it will be a nice excuse to blame the Feds. The real nail in the coffin will be how fast the un employment rate is in 2024. I would HIGHLY suggest looking at the Fed Fund rate graph and its a lot more clear to see what and where we are in the cycle. It's going to be tough for ppl but if your prepped and have liquidity you'll be able to do great and purchase incredible properties.
It sure is looking that way. Thank you for your comment today. I am very worries as well about the out of control spending going on and all the new forced TAXES... We still have major pressure on the island with people wanting to lived here. We'll see what happens by summer for sure.
@@courtenaycampbellriverhomesexp That pressure to move to the island will cool off with the looming recession, and retirees are now seeing the state of health care vs. mainland resources. As of today TD has just let go of 3000 jobs because of bad numbers. The banks usually lay off before businesses because they see the numbers first.