@kiwiatc@bgray5@afjlife The problem is that nobody, including the Bank of Canada, has the numbers on all of this…especially groceries and the cost of the carbon tax to the supply chain.
@ronmortgageguy Hi Ron 👋 Do you think that, with fixed rates unexpectedly approaching variable rate levels, people will take the gamble and choose variable rates?
@Tablesalt13 Wild…no one thought fixed rates would come even close to variable rates for a while, and yet here we are.
I wonder if, at these close rates, Canada will start to see some people choose variable at renewal and take the gamble that rates will drop.
@Kulvinder4321@ONT_Dad Appreciate the breakdown! The EV and hybrids help big time, although you could argue that those types of vehicles are typically more expensive than their gas-power counterparts and therefore you’ve already “pre-spent” your carbon tax rebate surplus for a number of years
@StClairRider@ONT_Dad If the government got serious about hydrogen and other alt, high-efficiency fuel sources, then that would be a good start. The common public are not the issue.
Good policy innovates out of issues rather than taxing their citizens out of them. Tax in itself is not a solution.
@jasongofficial Canadian RE is such a big focus right now that it seems right for these gov officials to be blocked from owning investment props
However by this same logic, should gov officials be allowed to own shares in energy/manufacturing companies since they can influence carbon policies?
Chatted with a random investor last week. They called me saying they’re negative cash flow $1500/ month on their rental unit & variable rate mortgage. They decided not to sell because they’d only break even after 4 years of holding. They’ll continue to bleed cash until it’s no longer palpable.
There are a lot of these stories out there. Supply cometh.