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The lead story today looks at Bank of Canada Governer Tiff Macklem's current comments regarding his rates of interest projections for 2024.
Also on today's episode:
00:00 – Introduction
00:25 – Macklem's Inflation Forecast
02:33 – Canada Family Debt Service Ratio
04:37 – Federal Government Real Estate for Vancouver
05:55 – Bloom Social
06:15 – United States Steel Sold to Nippon Steel
07:30 – Roger's Sugar Strike
08:33 – Turning up
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DTC great companies what I mean by great companies is the ones that sell the most
115 million…lol that is for condos that cost a million and houses at 2m! Lol 😆 A drop in the bucket 🪣.
I’d just be happy if this federal government would stop pissing away money on useless crap and cut back on immigration. Too many people, not enough new builds. And everyone is wondering why housing is so expensive.
Yes, agreed. The money is useless unless policies are in put place that almost force developers to build affordable housing. I hope that’s what is meant by “affordable housing programs”.
@@Sarah1R1 There are already policies like that in place in certain localities. The problem is that in order for the developers to make back the cost of building at-cost housing, they sell their other units for more so everyone else ends up paying higher prices. You force enough developers to do this and they won’t even bother being in business any more. The only way to solve this problem is to have stability in the population and enough supply to meet demand. You can’t legislate your way out of this.
They are initiating the real decline
Get the unemployment rate to 3.5%
& inflation rate will start to melt .
Why…. supply to demand are in competition with each other. Supply is greater, the crunch is more pronounced…. 🍎 🤔 🍎
Thank you for this video! And thanks for doing these videos so close to the holidays.
Negative amortization! Good lord, that would be horrible. Like trying to run in a nightmare, but you move backwards instead. I hope anyone in that situation can get refinancing or something, anything other than paying as much as you can but falling further behind.
We really do have a housing problem and a debt problem in this country, and they interrelate with each other. I see what you mean about people spending less when they have to put more and more of their income into the mortgage.
Good opportunity for people to consume less sugar.
Canada will be a vibrant community when Trudeau is gone.
Gas is coming down now we need food prices to come down. Those are the two big ones. Housing would be no 3