“A boom creates money raining on fools” Where Mike, Gordon, Ozzie, and the MoneyTalks Gang did the Polar Bear plunge. Or did they cheat? March 9, 2023 AGENDA THE WORLD, OUR WORLD, ECONOMY, INFLATION, RECESSION WHERE LAWYERS ARE SMILING THE GREAT RESET! WHAT? READ IT AND WEEP! QUESTIONS, QUESTIONS
THE NUMBERS, THE NUMBERS – VANCOUVER, FRASER VALLEY ROCK; OZZIE TALKS ON VIRUS OUTCOME; QUESTIONS, QUESTIONS – I MEAN QUESTIONS!; BUBBLE CITIES; INFLATION, DEFLATION OR REFLATION OR ALL AT ONCE?; FINISHED RENT DEFERRALS, WHEN DO FORECLOSURES START?; PUT YOUR MONEY IN A CREDIT UNION OR BANK – WHICH IS SAFER?; MOVING TO ANOTHER COUNTRY; US AND CANADA DOLLAR; BINGEWORTHY SHOWS; PETERSON FIGHTS TRUDEAU; OZZIE’S SONGS OF THE WEEK; NEW BOOK RECOMMENDATION; GET INTO CLARITY BUY OZZIE’S OUTLOOK VIDEO AT LANDRUSHCANADA.COM
ONE YEAR ANNIVERSARY SURVEY; THE ‘YEAH BUT’ STORY – BEING POSITIVE ON BC?; QUESTIONS, QUESTIONS, & QUESTIONS; THE NEW FIRST TIME BUYER LOAN – GOOD OR BAD?; INTEREST RATES – UP OR DOWN?; IT WOULD BE FUNNY IF IT WASN’T SO SAD; WHY DO WE LET THEM?; A LAWYER’S THOUGHTS ON REAL ESTATE – NEW PODCAST
The new mortgage rules just announced by the Federal Government could well be – in our view – the straw that breaks the camel’s back. An early Christmas present for the 6 big banks. A kick in the teeth for all other lenders. Knock out to mortgage competition in Canada.
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1. With our central banker, lowering rates - even planning to go negative - in order to stimulate exports it makes it easier to afford larger and larger mortgages. As a result CMHC will be ordered to tighten rules more and more for investors. It is already dramatically more difficult to get approved for an investment mortgage
Ask your bank why! When the Bank of Canada cuts interest rates, it does so in an effort to jumpstart the economy by making it cheaper for consumers and companies to borrow money. The central bank cut its rate by a quarter percentage point last Wednesday, the second such increase this year for a total of