#bankofcanada #canadianrealestate #canadianeconomyDon’t count on the Bank of Canada cutting rates in time for the spring real estate market, this according to Derek Holt of Scotiabank, following Deputy Governor Gravelle’s speech on Thursday. Links:Bloomberg The Close: https://www.bnnbloomberg.ca/the-close/the-close-for-friday-december-8-2023~2819276Speech by Deputy Governor Toni Gravelle / Discours du sous-gouverneur Toni Gravelle: https://www.youtube.com/watch?v=MJhxdCYYEEM&t=4sAssessing the effects of higher immigration on the Canadian economy and inflation: https://www.bankofcanada.ca/wp-content/uploads/2023/12/san2023-17.pdfCountdown to rate cuts has begun: What economists say about Bank of Canada's hold: https://financialpost.com/news/economy/bank-of-canada-interest-rate-hold-economists-viewEconomic progress report: Immigration, housing and the outlook for inflation:https://www.bankofcanada.ca/2023/12/economic-progress-report-immigration-housing-outlook-inflation/Canadian Real Estate Doesn’t Have A Supply Problem. It’s A Demand Issue: BMO: https://betterdwelling.com/canadian-real-estate-doesnt-have-a-supply-problem-its-a-demand-issue-bmo/Supply is the only cause and solution to Canada's housing woes — it's time to be bold: https://financialpost.com/real-estate/supply-is-the-only-cause-and-solution-to-canadas-housing-woes-its-time-to-be-boldWill the latest interest rate hike cool off Canada's housing market? Experts aren't so sure: https://www.cbc.ca/news/canada/toronto/bank-of-canada-housing-market-interest-rate-hike-1.6420232Even if BoC raises rates I don’t see it having a big impact on the housing market: Nasma Ali: https://www.bnnbloomberg.ca/video/even-if-boc-raises-rates-i-don-t-see-it-having-a-big-impact-on-the-housing-market-nasma-ali~2339652Surging mortgage interest costs are fuelling inflation and putting homeowners in the crosshairs: https://financialpost.com/real-estate/mortgage-interest-costs-inflation-aprilBank of Canada says it is not seeing the decline in house prices it had expected: https://www.theglobeandmail.com/business/article-bank-of-canada-says-it-is-not-seeing-the-decline-in-house-prices-it/Canada to level out number of new permanent residents in Canada in 2026: https://www.ctvnews.ca/politics/canada-to-level-out-number-of-new-permanent-residents-in-canada-in-2026-1.6626921Canada's inflation rate cools, opens door to interest rate cut 'as early as Q2' 2024: https://ca.finance.yahoo.com/news/canadas-inflation-rate-cools-opens-door-interest-rate-cut-q2-2024-171903507.htmlLow Real Interest Rates Support Asset Prices, But Risks Are Rising: https://www.imf.org/en/Blogs/Articles/2022/01/27/blogs012822-low-real-interest-rates-support-asset-prices-but-risks-are-risingCanada’s unemployment rate rises to 5.8% as job gains fail to offset population surge: https://www.theglobeandmail.com/business/article-canadas-unemployment-rate-rises-to-58-as-job-gains-cant-offset/Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bxPlummeting bond yields could mean lower mortgage rates by spring, say industry watchers:https://financialpost.com/real-estate/mortgages/mortgage-rates-seen-falling-bond-yields-plummetMark Mitchell – Mortgage Broker London Ontario920 Commissioners road east London, Ontario N5Z 3J1Phone: (519)860-2102 (Call or Text)[email protected]Brokerage Lic: 10464Broker Lic: M16001479https://www.LondonOntarioMortgages.ca – Apply Online!!Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntarioSubscribe NOW for more Mortgage/Financial News/Videos.Follow me on Social Media:Instagram - https://www.instagram.com/mortgagebrokerlondonontarioFacebook - https://www.facebook.com/londonontariomortgagesTwitter - https://twitter.com/londonmortgage1/LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=enCommentary on this Channel should not be considered financial advice.
