Navigating higher rates in the mortgage market
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- Bob Kelly, former CMHC chair and former CEO of BNY Mellon, joins BNN Bloomberg to discuss the mortgage landscape in Canada.
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Interesting. US home owner's mortgage rates can be refinanced down without crazy fees. We should have that in Canada!
they have a bigger market in the US more competition
Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is no different, to maintain profit, you need to have some in-depth knowledge on the market
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
in my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
my partner’s been considering going the same route, could you share more info please on the advisor that guides you.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
5:22 mortgage rates don't matter when houses cost 30x the average annual wage in Vancouver.
Is there anything else in CANADA or USA for you guys to talk about ? All day talking about debt slavery. How much your corporation invested in REIT?
Real estate and ancillary industry is 19% of GDP. Like it or not it’s always topical.
The difference is we stuck with the Alexander Hamilton model of banking and the United States did not.
Houses should be for living in, not for making money from.
Superb financial comparison
In other words- the US transfers the risk of central bank induced rate volatility to MBS investors & govt, while Canada passes the risk onto to the lendee, while protecting the banks & disincentivizing competition that improves how banks treat customers. Nice...
Portability in Canada died the minute they introduced land transfer tax. This is completely incorrect.
1.9% for 30 years fixed. That's like free money with no stress. What is this guy talking about? That's a great deal. The Americans rates get that low again.
GDP's already negative, the housing market's already crashing (see all-time high number of price reductions without any sales still), all-time consumer credit card debt, unemployment is skyrocketing and will surpass 2009's 10% peak. Homes and stocks will crash 60%. It's literally 3rd grade math. It was always inevitable. Already seeing it in every single asset class other than the Crypto market ....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate..
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
The internet is filled. with so many useful information. about Adriana Jensen.
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
If you remember the early 80s recession, you really don't need to wprry about mortgages at this point...
I've never seen 10years in the bank I have my mortgage in...
Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I made over $52,570 from trading this year regardless of the market conditions😊
How please
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultan
You seem so proud to say that it is like you never lost in any of this stuff. Or are you trading with a professional ?..
Yes...All thanks to Amelia Robert
She is my family's personal Broker and
also a personal Broker to many families
in the United States, she is a licensed
broker and a FINRA AGENT in the United States.
They will do zero again anytime 😅
This guys talking nonsense