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Mortgage Broker News | 20 May 2015, 09:13 AM Agree 0
Just how much can your clients expect to save in interest if they renew their mortgages soon? Stephen Poloz provides the answer.
  • Darr Robbins | 20 May 2015, 09:37 AM Agree 0
    What a spin! What Poloz is not telling you is that a .25% cut in cap rates on a $700,000 property increased its price by more than $46,000.
  • Darr Robbins | 20 May 2015, 11:42 AM Agree 0
    Central bankers will always tell you that things will improve in the second half. I'm not suggesting that they become alarmist but simply to provide a balanced view between the upsides and the caveats.

    The greatest risk for Poloz's plan is a deflating US economy which no mainstream media or central banker discusses. This will strengthen the Canadian dollar as foreign investors pull-back from their USD denominated investments. Poloz will have no choice but to cut rates further to prevent the Cando from appreciating if he wants to support non-energy exports. Consequently and notwithstanding a change in domestic supply & demand factors, Canadian real estate prices will rise as interest rates fall.
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