Bad Jobs Numbers In Canada! | EP. 89
09/10/24 • 47 min
Unemployment hit 6.6% Is the Canadian Economy headed for the dreaded “R” Word? Shhhhhh.... Nah I will say it: RECESSION. One Employment Report does not mean Recession but a constant trend, and we’re 4 in a row is a bad trend & if it keeps heading past 7% then 8% is next in line. Ron breaks down the crucial indicators that point toward more job losses. Rates keep coming down, is there a new Rate Strategy for renewing mortgages & prospective House Buyers? And what happens to the Real Estate Market with Mortgage Rates Falling: Tik Tok Real Estate Agents say its going to the MOON! But let’s look at the facts. And Ron has a rant about “The Economic Plan IS Working” IS IT?
Unemployment hit 6.6% Is the Canadian Economy headed for the dreaded “R” Word? Shhhhhh.... Nah I will say it: RECESSION. One Employment Report does not mean Recession but a constant trend, and we’re 4 in a row is a bad trend & if it keeps heading past 7% then 8% is next in line. Ron breaks down the crucial indicators that point toward more job losses. Rates keep coming down, is there a new Rate Strategy for renewing mortgages & prospective House Buyers? And what happens to the Real Estate Market with Mortgage Rates Falling: Tik Tok Real Estate Agents say its going to the MOON! But let’s look at the facts. And Ron has a rant about “The Economic Plan IS Working” IS IT?
Previous Episode
Many Rate Cuts To Come | EP. 88
The Bank of Canada Meeting is Sept 4th & the Rate Cuts will keep on coming: how many should we expect? There is a lot of reporting “Noise” about the Canadian economy, what’s important, what’s not & how to tell the difference. The kids are back in school the Summer is almost over: The Fall Real Estate Market is about to start..... Or is it? Let’s discuss. RBC CEO Dave McKay declares a Mortgage Rate War! Is that true? Maybe it is. Viewer Mail & WTAF is going on with Government telling us things are great?
Next Episode
Government Says Starter Home In Canada $1.5M | EP 90
Wow, this was a total shock, the Federal Government kept this under wraps: CMHC Amortization From 25 years to 30 years for EVERY First time Home Buyer not just New Construction Homes but the BIGGEST thing $1.5M instead of $1M Cap on Government Insured Mortgages. Yes Folks, a $1.5M home in Canada is actually a STARTER HOME. Because the truth is if the Key Government Sponsored Housing Programs is based on $1.5M, the program Canada designed to help Young Families buy their first home needs a $1.5M target as a First Home. WTAF is wrong with these guys.
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