Oh those silly bears at the TD bank. They’re claiming that price gains in Vancouver and Calgary are unsustainable. Somebody needs to tell them the good news – it’s the new economy!
This time its different!
7 Comments
Most analysts agree that interest rates here will not be rising furtherThe issue is not whether the rate on GoC bonds will go up. The issue is whether the risk premium on mortgages will go up, or whether mortgage insurance fees will go up, which amounts to pretty much the same thing.This is exactly what is happening right now in the US. If prices don't recover soon in Vancouver you may see the same thing here.
Analysts are surmising default carnage can be contained to the subprime BBB pile.Yeah, right… the A pile is collapsing too…
Hey, No news like old news huh? I was fooled by the date at the top. The National Post is always current I guess.
The article mentions "CMHC senior market analyst Cameron Muir said the report's message echoes what he has been saying" … when did he bail from CMHC?Prices are described in terms of July.Yup, an old article.
Analysts are surmising default carnage can be contained to the subprime BBB pile. I don't know their motivations for making such claims though I have learned altruism rarely ventures from the realm of the righteous. Who knows? This is the New World Order.
Most analysts agree that interest rates here will not be rising furtherAnd how about that ABX? Isn't the collapse of the indices predicting higher interest rates in US? How would that affect Canada?
How old is that article? Looks recycled…