Take away negative amortizations. That is the reason defaults are low.

@2FLIPS3.5TWISTS

18 күн бұрын

lol more like take away your private property, everyone waiting for that 2025 October. Move that election likelwill be in Trudeaus favour. There will be uproar but whatever. I recommend anyone young if you have no ties, go travel and live life to the fullest!

David Dodge, like most central bankers, is careful not to create panic. However, I am not a central banker and can be more candid. If you're struggling to afford a 2.5% interest rate on your mortgage, you'll be screwed when you have to renew at a much higher rate.

Kanadastahn is the next Venezuela 🇻🇪 🇨🇦

@kristinashepherd3003

17 күн бұрын

Actually it could potentially mirror Argentinas if the economy and wanting to have high standards without the capital or investment. It is actually complicated but I highly recommend watching a video about Argentinas economy and its problems .

Thanks Trudeau and his stooges

Inflation is the highest I’ve seen right now I do not see interest rates going down, they will go up even further.

@jimmyarbutus2555

17 күн бұрын

Thank you for predicting the future. Any idea who will win the Stanley Cup?

@stevecurry5785

15 күн бұрын

@@jimmyarbutus2555 Well it wont be the leafs lol

@tvbnation

6 күн бұрын

Do some research in to fiscal dominance.

If only this PoS finance Minister comprehended basic economics 101

I buy everything cash. Never mortgage or credit your life away

@colinjohnston5734

18 күн бұрын

That’s one luxury. I make a decent amount and don’t carry credit card debt and pay cash or debt card but I can’t just throw 500,000$ down for a house. At best I can do a portion.

@BobTheBob647

18 күн бұрын

What a dumb take. Try being your average 24-year-old in Vancouver and buying a $700,000 condo on your $60,000/year salary. It's not feasible. Heck, the way things have gone for the past 20 years, those who took on more debt to accumulate more assets generally did the best. Savers are losers...at least they were. Things are somewhat changing.

@rizz_the_dog

18 күн бұрын

@@colinjohnston5734 you choose to love with debt

@rizz_the_dog

18 күн бұрын

@@BobTheBob647 you choose to live in debt

@BobTheBob647

18 күн бұрын

@@rizz_the_dog Depends. If you’re in debt because you went to Starbucks and ate Kobe beef over and over is one thing. If you’re in debt because you have an appreciating asset or went to med school is another. It’s been since the 70s that the value of capital is rising faster than labour. Trading hours of your day for money isn’t as lucrative as holding assets like real estate or stocks. If you can get into debt to get a hold of assets, well, inflation becomes your friend as your debt gets eroded by inflation meanwhile your assets appreciate.

If you can't afford 2 or 3 % higher mortgage rates at renewal, you bought a house over your price range. Just like if you buy a car and can only afford the payments with a 6, 7 or 8 year loan, you bought a car way over what you can afford. And by the way? Practically every country in the world is living the same thing.

"Such a great deal in 2020 and 2021" You mean a great deal on the rate, values were severely inflated at that time as well. Great deal if you're selling i guess

If canadians have money for hockey game tickets, tim hortons , soccer games big screen t.v. and mariwana then let them suffer the consequences consequenses

@Mark-tw5ws

18 күн бұрын

Mariwana😆

So. If i dont have a mortgage yet, i'm better off?

If you have a mortgage youre screwed

@cgasucks

18 күн бұрын

Especially if you got a fixed rate mortgage in 2021 and have to renew in 2026.

@AellaMaude-oy9qn

18 күн бұрын

If you are not focused on paying off your mortgage fast you are a fool & deserve the consequences.

Variable rate mortgages are the way to go then if they will go down in 2025?

We got fed up with the mortgage games the banks & governments were play when our renewal came up during covid. Banks won't allow you to get rid of debt quickly without charging you penalties. We called a broker & changed to a HELOC. Since then we have been scrambling to make our debt go away.

It's almost like we should have longer term mortgages to prevent Russian roulette on people's shelter.

What a cook

Vassy ; the official '' interrogator ''.....?....later gaters....

Commercial @ the 1:40 mark get outa here

Real problem need Real solutions government is out control Overtaxed underpaid workers Mortgage interest rate should be stable not increase or decrease Bank of Canada workers are crooks like charter banks My two brothers are chartered accountant one is brother did work bank of Ceylon ( while he was a student ) The issue whites

this was just basic ecomics 101. didnt provide any real information in terms of percentiles

Our prime minister is a clown

If rates come down that means the economy is screwed...

@5thelementcannabisproduction

18 күн бұрын

Sure thing Moloch

Get out of the Canadian dollar while you can.

Mr. Dodge, drives a Tesla....?..better than that ' other ' cheap, toy junk....

Delusional

Manageable for most ? lol

😇🙂

The reporter looks so old.

This is an international problem.

That interview sucked

Why are you talking about 2025 we are only in may 2024 . I want rates to go down now . They went up way too fast never should have happened . BOC making Canadiens suffer way more than necessary .

STOP CUT DOWN TREES, WILDFLOWER!!MOWING SHOULD BE ILLEGAL!!!NO NOISE, NO POLLUTION, SUPPORT WILDLIFE!!!