Weekly Market Update, September 27/19

A Bank of Canada interest rate cut is a done deal this October 30th after the U.S. jobs report and the Canadian PMI report. Mortgage rates will be cut again at the start of this November. The jobs numbers this October 11th won’t affect anything. Toronto home prices and rents to soar to the moon. They'll be a lot of frozen bodies this winter in Toronto as there's only so many hot air sewer grates to sleep on.

Seems the potential buyers in Edmonton misunderstood the new equity sharing rules. They push up the price of residential real estate. The stress test will be raised to $800,000 Canadian after Trudeau wins a landslide majority. That will push the national home price index sharply higher as will falling mortgage rates. I guess Edmontonians just don't get it?

A Bank of Canada interest rate cut is a done deal this October 30th after the U.S. jobs report and the Canadian PMI report. Mortgage rates will be cut again at the start of this November. The jobs numbers this October 11th won't affect anything.