BoC will wait longer than market thinks to cut rates. But it will cut more than expected 

I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

You can already get 15 year terms and 30 for first buyers. Amortization terms don’t help when there is a supply shortage. Anyone who can not afford rate increases of historically low interest rates, it is their own fault if they’re broke for over leveraging their income versus debt. The idea that extending mortgage terms will somehow ease the pain is a fallacy. The added interest terms work out to tens or even hundreds of thousands over the term of the loan. The only winners are the wealthy, banks, and shareholders.

@@Chr1s-fm6biI think icecold0505 meant 15-30 years fix rate.

@@Chr1s-fm6bithe point is not stretching the payment over a longer amortization but having a stable payment over the whole term of the amortization.

@@colin4993 🤣 go run your numbers over the term of the loan.

get ready all restaurants and retail is already closed

Yep😂

Why do you say that larry? It's almost impossible to maintain inflation below 2% for very long and zero evidence that 2% is even good for long-term economic activity. 2-3% is a reasonable range but central bankers have hard-ons for 2% for some idiotic reason.

So you want a deflation

@@jonh537 0% inflation is not deflation. The goal is to get inflation as close to 0% as possible.

@@larrydavid5650 That's only your goal. The government wants much higher inflation because it reduces their debt service (borrow $ at full value, pay them back when they're only worth $0.70). Corporations want high but predictable inflation for the same reason. If the real interest rates are negative, it means gov and corps basically have access to free money. With inflation around 2% (according to Rosie) and interest rates at 5%, that free money party is not happening. Banks want negative real interest rates because it prevents their loan book from being discounted. They currently sit on a lot of commercial real estate loans that are under water. You can see this in the share prices of REITs like Slate Office REIT. They're down 90% over a few years, so you know the bank is looking at that and freaking out - those loans may not get paid back. A lot of residential loans won't get paid back either.

high interest rates are sucking the blood out of our economy. and this applies to all residents of Canada. Perhaps you live on Mars?

They want cheap money to buy seven more houses each.

They're trying to "talk their interest rates down"

High home prices are destroying the Canadian dream for the next generation.

High interest rates mean more mortgage, high cost of running any business, people spend very less on leisure activities ( shopping, bars, resturants etc), buying things like cars etc.... You seem like someone who doesn't have any good investments or good income. So sorry for you

Good luck avoiding job loss when the economy turns for the worse.

You might loose your job if interest rate stays high for long

JAG, we 100% DO NEED A RATE CUT RIGHT NOW IF NOT BACK IN APRIL.

@@kamenidriss It's already turned. The BoC will be late to the rate cut party and a lot of people will be out of work or have lot their homes before Tiff pulls the stick out of his butt.

maybe you don t but you dont speak for the rest of us.

Yep, $50,000 for a new car is like nothing these days.

@@24theMoneyI hope you all know deflation is far worse than inflation, especially when it comes to poor people. If you are not hoping for a deflation, then high rate is only gonna make the price go up slower, there is no going backwards.

F u! I'm about to lose my house when I have to renew my mortgage

If so, we will end up in a deep recession and ordinary person will only suffer more while rich people buy all good assets in a deep discount. So wake up please, China has already tried to kill their real estate market, at first, ordinary people were applauding like you, but soon they realized they were the ones got impacted most😂

The prices are not going down. On the contrary, they’re still going up like crazy, but now only the people who can afford the higher rates can buy them. And people in cheaper houses who wanted to upgrade are staying put.

@@josephsmith594 so glad there are still people who can think clearly like you. Everyone just crying for rate to stay higher for longer, no one sees it is coming for him or herself. High rate slows transaction which will lead to reduction in construction, unless the demand is gone, I don’t see the price will come down to the point majority could afford. The storyline will be either, people and businesses adapted to the high rate and the demand will slowly come back or, the market crashes and the interest has to come down like a big dive. Rich people won’t lose in any of these scenario as long as they are not overly leveraged, as far as I know, most rich people positioned themselves very well, with enough cash or cash equivalent, insurance and a large LOC ready for them to access. On the other hand, working class would suffer the most either way, case one, they will have to pay a lot more interest for their mortgage, which could squeeze their disposable income for other things; case two, they will very likely become unemployed and loss everything they have.

I’m confused by your statement. Keep rates high so the 75% of mtge holders , who happen to be ordinary people, who will have to renew over the next year, will not be able to carry their mortgages and lose their homes at a loss none the less so ordinary people can buy them at a lower price than the original ordinary people who now live in a tent???

There's a housimg shortage especially in GTA. Houses are once again selling over asking and selling in days

The money is already leaving the country.. leave interest rates higher for longer

Yup And that CEBA loan is killing business.

The interest rates are hurting investments in productivity and supply. If they stay any longer we will create stag-flation which is far worse than a hyper inflation.

Every time I hear an economist speak of suggesting rate cuts, I look to $700k townhomes in Niagara and the multiple condos going up around me, and just shake my head. I think these talking-heads purposely avoid reality on the street, for reasons I've yet to figure out.

Trude@u was throwing money left and right. why should we pay for this?

There will be massive job losses. Collapse of the economy.

For your information all those homeowners who held their assets this far , they will hold one more year. Your dream of housing crash is not happening. A little advice for people like you who are waiting for a crash, get into the market before it even get more expensive

@@alexramos9316 there is lot of fatigue out there , however even if they do cut interest rates the biggest obstacle I see is the new mortgage rules OFSI and cracking down on fake incomes . Who the hell would qualify for a home if they can only borrow 4x their income.

Not with energy prices this strong. CAD rates is based on our commodities.

GDP per capita is continuously dropping and in your estimation that’s fine?…🤦🏻‍♂️

Housing? What about food and gas

@@antiprogpragmatist859 our gdp per capita is based on the current regime letting everyone and anyone in. The boc is trying to normalize the lending and borrowing to sustainable levels, and of course government keeps spending.. Housing in Canada is too heavily invested but it doesn’t actual create income for the country. Other sectors where we should be focused on creating some real gdp is lacking. We don’t move down here. Canadians are lazy.

@@peej91 … gdp per capita has been decreasing for quite some time now.

@@startingwithnothing5423precisely. This David guys talking about how inflation is tamed enough and boc should start cutting already. What a joke

Petty economics doesn’t work

Look at all these home owners using their homes as ATM's because they were too blind to see the inflated wealth was artificial and will correct hard.

housing in gonna fall and you're gonna get wrecked with your overinflated mortgage lol

I dont own any property, but i dont understand this fantasy that somehow a housing crisis is going to benefit you all. If you think for a second that a housing crisis wont cause a recession and job loss for both you and your loved ones, think again.

🍭🙋🐓

Wait too long? The only mistake is if he doesn't raise further. Too much stupid money still floating around.

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.>>

completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague!!.