Is the day of the rake coming for us leafs? Bank of Canada is

>>2696041
>How will it affect home prices
down

www.cbc.ca%2Fbeta%2Fnews%2Fbusiness%2Finterest-rates-bank-of-canada-1.4183855

http://www.cbc.ca/beta/news/business/interest-rates-bank-of-canada-1.4183855

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254KB, 628x428px

>pay 100$ for basic unlimited internet

Fuck canada.

a 1/4 to 1/2 a percent increase won't kill anything.

Mortgages are generally speaking on a 5 year term (the amortization period is longer)

The difference between mortgages of the same value (lets just use 440K)

3.10% = 2,104.92 /month
3.30% = 2,150.60/month
3.50% = 2,196.79/month
3.90% = 2,290.70/month
4.30% = 2,386.60/month


The affect of higher interest rates will be immediately felt by whomever has a line of credit (home equity or personal)
but for mortgages it will affect people much slower with time, it will only be who ever has to renew and is getting a new mortgage.

BoC's primary job is to keep inflation in check, not to prop up this housing mania with low interest rates.

>>2696758
use RFD to find deals on shit
they have an ongoing thread about retention offers from bell and rogers.
I pay 56+tax for 8 gigs of data on my phone
and 100/month for digital VIP tv + gigabit internet
if people don't want to put in the effort to find better deals then people should stop complaining.

They pretty much have to raise the rates in Canada. The canadian dollar will only continue to perish as crude oil's short term future seems dim at best and trade talks with the US are turning sour. Keeping the same rate would only cause more pressure on the CAD

On the topic of Canada, anyone eye any stocks or ETFs ?

I've been thinking of Shaw communications, but at the same time I am not diversified enough so I was thinking of just dumping the rest of my money into some broad market ETF