Canada's 'Menacing Mortgage Math' Means Rate Cuts Mid 2024

#bankofcanada #canadianeconomy #canadamortgagerates

Canada’s “Menacing Mortgage Math” means the Bank of Canada will have to cut interest rates by mid-2024 in order to save the economy, according to a new report from Rosenberg Research.

David Rosenberg: Canada's menacing mortgage math means crisis looming:

https://financialpost.com/news/economy/canada-mortgage-math-means-crisis-looming

Bank of Canada will cut rates over mortgage renewals: Desjardins strategist:

https://www.bnnbloomberg.ca/bank-of-canada-will-cut-rates-over-mortgage-renewals-desjardins-strategist-1.1993222

CIBC’s Tal: “We are very, very close to the end of monetary tightening”:

https://www.canadianmortgagetrends.com/2023/10/cibcs-tal-we-are-very-very-close-to-the-end-of-monetary-tightening/

Mortgage industry reps provide feds with proposals to address housing affordability:

https://www.canadianmortgagetrends.com/2023/11/mortgage-industry-reps-provide-feds-with-proposals-to-address-housing-affordability/

Consumer price index portal:

https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes

'Payment shock' coming for most Canadians with mortgages, RBC says:

https://financialpost.com/real-estate/mortgages/payment-shock-most-canadians-mortgages-rbc

Financial System Review—2023:

https://www.bankofcanada.ca/2023/05/financial-system-review-2023/

Mortgage insurers ordered to set aside more money for defaults as negative amortizations pile up:

https://www.thestar.com/real-estate/mortgage-insurers-ordered-to-set-aside-more-money-for-defaults-as-negative-amortizations-pile-up/article_a811ceee-901f-56ff-be4b-556c2f1b0635.html

Pressure on BoC to cut rates and avoid mortgage payment shock: Desjardins:

https://ca.finance.yahoo.com/news/pressure-on-boc-to-cut-rates-and-avoid-mortgage-payment-shock-desjardins-120112173.html

Bank of Canada Might Cut Rates Once Core Inflation Trends Downward, Macklem Says:

https://www.wsj.com/articles/bank-of-canada-might-cut-rates-once-core-inflation-trends-downward-macklem-says-b977435f

Consumer Price Index (CPI) statistics, measures of core inflation and other related statistics - Bank of Canada definitions:

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810025601

Why Bond Vigilantes Are Stirring as US Deficit Swells:

https://www.bloomberg.com/news/articles/2023-10-13/-bond-vigilantes-are-returning-to-markets-again-why-and-what-role-they-play

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