Mean while the house price is going up and my money is going down way would anyone want to live in Canada everything is so over priced ……. Looking at other options
@@MikeyPaper For any body that had a 1 million dollar mortgage. That is a $208 saving for the month. That is IF they are on a Variable rate. For a Buyer that rate cut would qualify them for an additional $10000 purchase price. For a couple it would be $20000.
@@-RockOn-based on what? How much of a down payment was made on that million dollar loan? How much equity is now involved in the loan/property? This seems a very broad statement to make with no figures to support it.
In essence, the suggestion with this decision is that we should increase spending, which will ultimately lead to inflation. Just so you know, inflation has never decreased to the target level. The economy has been performing quite strongly with the 5% interest rate. Therefore, I am firmly convinced that this decision is a step in the wrong direction, as it will likely lead to price increases, particularly in the housing industry. Canada is no longer serving the needs of middle class Canadians.
Right to Work legislation should be implemented in the Province of Ontario - around 75000 manufacturing jobs + around 15 billion in new GDP. Plus, universal tariffs should also be in place in the Province in Ontario.
Well, my money depreciates and house pricing is going up, time to leave this stupid country.
Smart choice!
Mean while the house price is going up and my money is going down way would anyone want to live in Canada everything is so over priced ……. Looking at other options
What’ are some options ?
I prefer the country demanding the arrest, removal, and getting rid of the source of the problem in Ottawa.
Lol remember Trudeau want to tax the ones who leave lol
Awesome a worthless dollar and increased inflation. Great day to be Canadian.
Our dollar is tanking
Yeah, it's down a penny in 5 years. Oh no.
@@Roof_Pizzalook at the last 9 years. 🤣🤣🤣🤣 what a decline in purchasing power. Canada's third world.
@@jody-ne7xscompare the dollar to Argentina’s peso and things aren’t that bad
That's nothing
Canada was so much better before Trudeau in 2015, I still remember back when Harper had the dollar even/more than the American before
What happened to the 2% target inflation rate. It doesn't make sense with now the market could possibly see a mini boom in the real estate market.
Not breaking, it’s broken.
Hmm, I'm going to need a green card. Are any American ladies out there interested in marrying a creative Canadian tradesmen?
Lol....😂
I'd like to see who responds to this 😂
@AStri-zg5xc me too! It seems like a safer bet than investing in the housing market here right now 😆
Wow that fixes everything 🤡
That will lower canadian dollar value to .58 cents by 2026
100%
How the eff do you figure that?
Explain
I’d check to see if Tiff Macklem just received a new Bugatti, or vacation home in the Caribbean.
Here we go. Canadian dollar tanking hard.
Nicely done.
lol
They know this GOVT is done.They dancing to the ORCHESTRA
Thank goodness the Govern-MENTALS are done!
Oh whoopee. 🙄
A .25%.......here's your bone, Canada.
This is dumb… unless there’s a recession on the way. They always cut rates *right* before a recession.
On it's way?
Are you new here?
Housing market is gonna hit new high this summer. Everyone is happy now😊
very bad decision!!!
About time but it's not enough...criminals!
Dirty little scoundrels. I want my interest-bearing central bank digital currency.
That's a trick from the wacko
Yes .25 rate cut is going to make is all soooo rich. I mean mortgages will be flying through the doors, now that the rate got cut by .25
It certainly will! JUST WAIT!! HAHAHAHA
@@MikeyPaper For any body that had a 1 million dollar mortgage. That is a $208 saving for the month. That is IF they are on a Variable rate.
For a Buyer that rate cut would qualify them for an additional $10000 purchase price. For a couple it would be $20000.
😅 ikr? It's laughable 😂
@@-RockOn-based on what?
How much of a down payment was made on that million dollar loan?
How much equity is now involved in the loan/property?
This seems a very broad statement to make with no figures to support it.
😅😊
Canadians over 50 should be living in Saskatchewan
Why?
Over 50 and seniors in canada are being intentionally wiped off face off the earth by Dildeau and Singh and Freelump.
Lol...I don't think so Stalin 😂
Why?
Christ Jesus is coming back soon folks. May we all repent and live fir him before its to late⏳️✝️
In essence, the suggestion with this decision is that we should increase spending, which will ultimately lead to inflation. Just so you know, inflation has never decreased to the target level. The economy has been performing quite strongly with the 5% interest rate. Therefore, I am firmly convinced that this decision is a step in the wrong direction, as it will likely lead to price increases, particularly in the housing industry. Canada is no longer serving the needs of middle class Canadians.
I wonder how that's going to work
More inflation.
$50 watermelons on their way 😮
should be 6.0
You don't have to be an economist to know that the Chronic Inflation is not going away.
Ask Canadians.
You notice how they don’t say fix rate or variable rate hahahah all a joke truly a game.
FINALLY! Can't afford my own home. Need more cuts.
This proves government and bank are pulling at strings! Scarey stuff!
Excellent news. Have to assume that conservatives and liberals would at least agree that this is a positive development.
For some. Wouldn't call it excellent news. Excellent news would be our GDP going up. Thats not happening. Your celebrating stagflation.
And.. the Tax Payer Pays.
HOLY CRAP! THEY DID IT!!!!!
Solves Canada's 🇨🇦 Liquidity Crisis.
Love it. Status quo capitalism. Economy at all costs.
I hope our dollar devalues. We need to boost exports.
To make housing affordable do we not need house prices to collapse ?
We probably don't need it. Though it might be a consequence of whatever we try to do
@@zachweyrauch2988 There is no "we". This is totally the result of failed Liebral policy.
@@georgesimon6041grow up
Housing prices are never coming down bud. 😂😂😂
@@zachweyrauch2988 Awe, facts hurt your feelings, cope.
Right to Work legislation should be implemented in the Province of Ontario - around 75000 manufacturing jobs + around 15 billion in new GDP. Plus, universal tariffs should also be in place in the Province in Ontario.
Protect the movement of property and goods but not workers. Let the wealthy abuse who they please in they hopes they abuse more.
Yes...CANADIANS should have the Right to work.
The important word here being CANADIANS.
The only reason this happened is because Canadian banks are in big trouble and the Canadian dollar is going to keep dumping. All by design..