The Canadian Real Estate Investor Rate Cuts & Recession Debates: Canada's Economic Crossroads
The Bank of Canada has made its 5th consecutive rate cut, dropping rates by 50 basis points, creating a 150bps differential with US rates - the largest since 1997. While the housing market shows increased activity without price inflation, there's disagreement between former governor Poloz and current governor Macklem about whether Canada is in a recession. A recent poll shows Canadians prefer a strong dollar (61%) over lower interest rates (39%)
- The housing market is experiencing increased activity without price inflation, which the Bank of Canada views as a positive development
- Former BoC Governor Poloz believes Canada is in a recession, while current Governor Macklem maintains the economy is still growing, though slowly
- Current market conditions present opportunities for investors with falling prices and rates, but come with risks of declining rents and increasing unemployment
Sign Up For The Next Webinar Realist
Join the best community in Canadian Real Estate realist.ca
Attend a Meetups Meetups
Nick
Instagram.com/mybuddynick
tiktok.com/@mybuddynick
twitter.com/mybuddynick89
Dan
twitter.com/daniel_foch
instagram.com/danielfoch
tiktok.com/@danielfoch
buy your next property with ai - valery.ca
See omnystudio.com/listener for privacy information.