@ronmortgageguy@mackrauss The Canadian government keeps pumping more money into the economy and we keep getting more inflation. Freeland's budgeting for another 20 billion in deficit spending... It's like it's the 80s all over again.
Holey Sheet!! Bond Yields Go Nuts: Fixed Mortgage Rates Head For The Stratosphere
A Seismic 4.5% - 6%+ leap in all Bond Yield Terms
Fixed Mortgages May Explore last years 5.5% highs
The reason: Bond Traders believe there will absolutely be more BoC increases
We're humped
@ShaziGoalie So the article title is not accurate. 50% of investors are in a negative cash flow situation, but they are still reducing the principal of the mortgage when they are making payments. The higher interest rates also mean a larger tax deduction. Plus capital appreciation.