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Interest Rates

BRACE FOR IMPACT, BECAUSE THERE’S NO RETREAT FROM A HARD LANDING

Posted in Inflation, Interest Rates

BRACE FOR IMPACT, BECAUSE THERE’S NO RETREAT FROM A HARD LANDING

Canada’s oldest bank is the latest to warn investors to “brace for impact,” and get ready for a hard landing. BMO Capital Markets warned clients there’s no retreat from inflation. In a research note, the bank explained that high inflation leaves no choice but higher interest rates. Rates are rising at a speed and size that’s historically always produced a hard landing. North America Is Forecast For A Hard Landing Within A Few Months North America’s recession risk is climbing fast, and the bank...

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WEEK OF SEPTEMBER 19 2022 NEWSREEL WITH KERRY CHANDLER

Posted in Finance, Interest Rates

WEEK OF SEPTEMBER 19 2022 NEWSREEL WITH KERRY CHANDLER

From interest rate hikes to last week’s Federal government “Housing Benefit Top Up” announcement, the last few years have seen global financial overreactions. We cover government policies and opinions from financial experts.

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CANADA’S HOUSEHOLD DEBT RATIO IS CLIMBING ONCE AGAIN, HERE’S WHY IT’S A PROBLEM

Posted in Finance, Interest Rates

CANADA’S HOUSEHOLD DEBT RATIO IS CLIMBING ONCE AGAIN, HERE’S WHY IT’S A PROBLEM

Canadian household debt problems were in retreat, but they’re back and even stronger. Statistics Canada (Stat Can) data shows the household debt to income ratio (DTI) climbed in Q2 2022. It follows a reduction in the previous quarter, when income outpaced credit growth. High (and rising) DTIs typically lead to reduced consumption, and a rise in unemployment. Household Debt To Income Ratio  The household debt to income ratio (DTI) is the average share of credit to disposable income. Household...

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BANK OF CANADA HIKES INTEREST RATE TO 3.25% TRIGGERING HIGHER PAYMENTS FOR MORE BORROWERS

Posted in Inflation, Interest Rates

BANK OF CANADA HIKES INTEREST RATE TO 3.25% TRIGGERING HIGHER PAYMENTS FOR MORE BORROWERS

The Bank of Canada hiked its trendsetting interest rate by three-quarters of a percentage point on Wednesday, the latest move by the central bank in its mission to rein in runaway inflation. After slashing its rate to near zero in 2020 to help stimulate the economy in the early days of the pandemic, Canada’s central bank has moved aggressively to raise lending rates to try to cool red-hot inflation, which has risen to its highest level in decades. The bank’s rate impacts the rates...

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