BREAKING: the Bank of Canada is forecasting mortgage defaults to skyrocket
Based on their forecast mortgage defaults forecast comparable to the 1990s recession
Additionally, they’re conservative. The actual level could be a significantly higher than what they’re presenting
With over 17 years of experience, DC specializes in 1M+ residential financing, second home financing and construction financing.
We combine low cost financing with high level strategy and service.
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1.800.769.7220
Bank margins are changing daily in the mortgage business which can affect the overall terms we are able to provide.
Our team is committed to finding the right solution for your financing needs to help you grow your wealth.
Give us a call today to discuss.
1.800.769.7220
Donaldson Capital provides customized mortgage solutions for high net worth individuals and families committed to growing their wealth.
Call or Email to inquire today.
[email protected]
1.800.769.7220
If GDP weakens, BOC cutting rates isn't certain. Lowering CDN rates when US rates are high will lead to capital outflows and weaken the CDN dollar. Canadian rates are closely tied to US rates, and if the US maintains higher rates, Canada might need to do the same despite economic contraction.
5 year bond yield on October 31st was 4.12% and the 5 year bond yield on November 6th was 3.87%. Finally something to be positive about in mortgage world!
Canada could be sitting on the biggest housing bubble of all time, a strategist says, and once it bursts the nation could be propelled into a deeper recession than economists have originally forecast. https://t.co/HppNWLQlaM
Fixed Rate Mortgages: GOING UP NOW
All Bond Yields have hit multi- year records today
All Banks and other lenders will raise rates today, tomorrow and next week
Some Non-Discounted Rate in 1 - Yr & 2 - Yr Rates will move into the low 7% range and qualifying over 9%