*Updated* Ongoing Bank of Canada Benchmark Rate Announcements

[Azure]

I just don't see how a rate cut doesn't equal anything other than complete madness in the housing market.

[Manhattanboy]

Ya I wonder if one wanted to get into the flipping game, now seems like the time?

[GGG]

Originally Posted by Azure

I just don't see how a rate cut doesn't equal anything other than complete madness in the housing market.

A slow rate cut over years won’t do that much. The 3 and 5 yr fixed that people are stress tested against already reflect anticipated reductions in interest rates.

[blankall]

Originally Posted by Manhattanboy

Ya I wonder if one wanted to get into the flipping game, now seems like the time?

If you have the capital to buy without assuming a large mortgage, I would agree. The market seems a little depressed for sure. The problem is pieces aren't exactly cheap. The Stock markets have been pretty depressed for a while too, so there may be better investments out there.

Remember that your money is likely worth 40% less than it was pre COVID. So a 40% increase is just staying level.

[you&me]

Originally Posted by blankall

If you have the capital to buy without assuming a large mortgage, I would agree. The market seems a little depressed for sure. The problem is pieces aren't exactly cheap. The Stock markets have been pretty depressed for a while too, so there may be better investments out there.

Remember that your money is likely worth 40% less than it was pre COVID. So a 40% increase is just staying level.

These depressed markets you speak of... Do you mean the DOW that reached at an all-time high on Wednesday? Or the S&P, which also hit an all-time the same day?

[Slava]

Originally Posted by you&me

These depressed markets you speak of... Do you mean the DOW that reached at an all-time high on Wednesday? Or the S&P, which also hit an all-time the same day?

As did the TSX this past week.

[chemgear]

Originally Posted by you&me

These depressed markets you speak of... Do you mean the DOW that reached at an all-time high on Wednesday? Or the S&P, which also hit an all-time the same day?

I'll take this depressed market every day for the next decade please.