Tag: interest rate
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Careful what you wish for: rate hikes aren’t the answer
A joint Nanos and Bloomberg poll last month revealed Canadians would welcome interest rate hikes as a means of cooling the housing market, but the reality is far more complicated than that. “Who in their right mind would want interest rates to rise? Anyone who’s thinking they want interest rates to rise to slow home…
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Secret Memos
The CBC has uncovered the BoC’s recession toolkit, and it looks promising for us real estate investors. This document is the Bank of Canada’s plan in the event of a coming recession. The “secret memo” highlights more quantitative easing (money printing), interest rate reductions (even negative rates) and monetary stimulus to businesses/families (think UBI.). All…