The Canadian Real Estate Investor Podcast
Bank Of Canada Rates Go Up & Consumer Sentiment Goes Down
Published June 9, 2023 · 2705
Topics: Bank of Canada
Show Notes
In todays show we talk about the Bank of Canada and its Rate Decision, We also look at the IMF and a recent study they released. We also look at CMHC, thats Canadian Mortgage & Housing Corporation and why they say the Canadian economy can’t afford any more rate hikes, so buckle up, this a good one.
- How the rate hike will affect your variable mortgage
- IMF Reports high levels of household debt & large share of borrowing issued at floating rates are more exposed to higher mortgage payments resulting in a higher risk of defaults in Canada
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46% of respondents in a CMHC said they must adjust their household budget.
If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com
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Rates move the math. Stress-test a deal at today's mortgage rates — free.