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@melissavassscott: Bank of Canada and our federal government is desperately trying to destroy our economy and the real estate market. Its not working and heres why!
melissavassscott
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Region: CA
Thursday 13 July 2023 13:56:21 GMT
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Comments
shellybridge :
it will work wait and see
2023-07-14 00:45:42
77
❤️ 🇨🇦 Mslynn 🇨🇦 ❤️ :
I’m locked in at 2%, renew in June of 2025, what are the rate expectations for then??
2023-07-15 13:49:32
10
victorchannel :
What they want is a social experiment and a great social credit system. It's already happening in Edmonton...I really like your video! Great perspecti
2023-07-25 23:34:16
13
Zachary Itani :
buying real estate is a scam created by the banks to sell Fiat currency !
2023-08-21 21:17:21
9
fut_n_ting :
I’m glad I bought this house I own now in 2011. I had it paid off by 2018. Can’t see me selling it anytime soon. Needs work though. It was built 1826.
2023-10-26 19:20:11
7
Neil D’Souza :
The govt is not trying to get you to sell, they want you to stay and pay. Banks make arbitrage between what you pay and they borrowed at.
2023-07-27 18:58:22
7
ೀࣧࣻ✰general⚝ࣩࣻ❀ :
Hello dear, how are you doing! I feel special calling someone like you a friend. I hope you don't mind, you have awesome profile, can we be friends ❤️
2025-04-18 07:45:47
0
antifa means anti-fascist :
ALSO if I sold, I'm pretty sure I couldn't even requalify on a mortgage for a different house with the new rates! Guess I'm never moving. 🤷
2023-07-13 19:21:59
40
A🇨🇦 :
The housing market will crash and people will be forced to sell.
2023-07-16 15:35:10
37
Blue eyes :
Give it a couple of years when all these low rate mortgages come up for renewal Then we will see.
2023-07-16 04:29:42
36
ericsky :
boc is responding to christina freelands spending
2023-07-15 00:23:58
24
weasy15 :
this government is killing lumber, oil,gas,agriculture so why would real estate be exempt,
2023-07-21 20:09:53
16
Patch it up , be fine . :
Same in Australia! Funny how it all happens in concert ? Globally? Like Covid ?
2023-07-25 22:29:24
12
Come_To_Canada_BUT :
Working or not. They’re destroying the middle class and create more slaves. Canada is not the same. It’s a refugee camp
2023-07-16 02:14:22
11
Slick2022 :
I really hope that all those people who even overbet the already enormous dog houses prices, that they all gonna lose them .
2023-07-17 02:04:39
10
Big Canadian :
Thank you. This was very timely as we move into 2024. We’re hanging on to our investment properties. 🇨🇦😎
2023-07-15 13:59:16
10
Steve Slack 🇨🇦 :
If the BoC doesn’t follow the US Fed rate moves, the Canadian dollar will devalue, worsening inflation. We’re stuck until the US stops rate hikes
2023-09-03 20:46:07
9
it doesn't matter 🇨🇦 :
even if the bank goes to 9-10 %the target group will still be unaffected and when it does hit the economy will spiral out of control and 2025 is an
2023-07-15 00:17:46
9
Angela :
People are having issues remortgaging
2023-07-18 02:19:39
9
Manny 2107 :
We are not selling because we still can afford the payments. We could rent the basement and have the mortgage paid by renters. We will sell in 10 y
2023-07-13 23:59:04
8
Rod Phillips995 :
Banks don’t want you to pay off they want you to pay forever.
2023-07-14 01:05:09
8
KNUCKLESDEEPFB🫡🇨🇦 :
I’m locked in until the end. Thank God. But they are doing it to millennials so that they will vote for Socialism 🤷🏼♂️
2023-08-30 14:37:37
8
Carl Pilon :
yes, we want to destroy the high ho e cost. We need houses back to normal prices.
2023-08-29 02:41:04
8
Ryan_coke :
my Daughter just bought first home at 5%
2023-08-03 07:09:37
8
Steve O :
GREAT POST.
2023-07-25 19:51:41
7
CLB :
What’s manipulative is prices this high for pieces of nothing!! It should almost be illegal to sell homes as high as they are. That’s Manipulative !!
2023-07-15 02:12:34
7
Louise Bauldry-Jamieson :
Your glasses are great! Where did you buy them 😎
2023-07-14 03:49:49
7
user6235867223863 :
Just hurting middle and lower class CNDS . Doesn’t affect ppl with lots of money.
2023-07-17 15:54:16
7
abc12345 :
So what happens when they come up for renewal? When they cant afford their high payments?
2023-08-27 15:34:59
7
RunWolfRun :
Banks are waiting for ppl to use up their savings to save their homes. Then price of homes will drop as rates remain high. Causing lots of sales/purch
2023-07-25 21:10:29
7
Kevin Thai :
Lock low rate for how long? They have to face a renewal date?
2023-07-16 10:09:31
7
ChangeInevitable :
Give me 100k , i can build you a better house than these developers. Its a humongous bubble.
2023-07-19 00:55:23
7
whistledogg :
taxes were supposed to be temporary as well 😏
2023-07-15 23:10:45
7
yellowduck740 :
Housing & shelter is NOT an investment. BoC has people’s full support. The bubble needs to burst.
2023-07-15 23:07:34
7
user2747686985369 :
But then they will all want to buy as soon as rates drop and homes will be even more expensive then ever.
2023-08-22 23:15:20
7
user6474239750598 :
but there will be tons of sales from the people who can't afford what they have when they go to renew
2023-07-25 02:48:43
7
Allie Cat :
They have to renew at some point.
2023-07-23 21:08:34
7
tax deduction :
why do people have to sell right now?
2023-07-14 01:06:59
7
TruthSpitter2025 🇨🇦 :
Supply and demand. People keep buying, rates will keep going up until the market stabilizes
2023-07-13 23:19:01
7
ozzy1532 :
omg..your video is 100 percent on target..great explanation..Thank you
2023-07-14 14:28:34
6
user9098750089843 :
Going to 7% mortgage 9% that was all planned 😂
2023-07-14 13:45:53
6
Klöthez-Pin. :
what if they make a rural living tax for roads until you can't pay and then your ino the city
2023-07-26 00:02:26
6
FloRida!106 :
We just sold and our rate continued our mortgage at the low rate for another 2 years
2023-08-21 20:17:52
6
Retirehappy :
Hiw ya all liking trudeau now
2023-07-15 15:43:42
6
Mr Vortex :
A mlion bucks gets u a 40-50 yr old house that will collapse b4 its paid off
2023-08-31 03:39:35
6
Cape_Ape :
So glad I’m at the last renewal…
2023-07-21 18:10:50
6
Josh Fennema :
screwing with interest rates and inflation with legal tender is theft by our overlords
2023-07-26 13:50:43
6
tracytracy333 :
Only homes I see being built are super expensive that no one can afford and yet an increase in the homeless
2023-07-25 19:53:46
6
Jeff Finlay :
rates aren't going down!Just look at your history!Highest mortgage rate 1982 !Guess who was in office?yes mam it was his father!rates are going to 12%
2023-07-15 03:07:50
6
Positive thinker :
OMG nowadays anyone is an expert !!
2023-08-28 17:10:02
6
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