September 3, 2008
Bank of canada decides NOT to reduce the interest rates.
"In Canada, domestic demand has slowed modestly but remains strong," the bank said.
Here is the full story.
http://www.thestar.com/Business/article/489658
Housing prices are coming down 20-30%.......market is down........Canada will follow US in rate cuts.........recession is in..........????????
Any 'EXPERT' comments from CD's economists and analysts?
'Lala Amarnath ki vishesh tippani'
......aane do......
-----------------------------------------------------------------
Sanjeev Manocha, MBA
Real Estate Sales Representative
Accredited Buyer Representative (ABR)
Re/Max West Realty Inc, Brokerage
96, Rexdale Blvd., Toronto
Mobile: 416-843-7600
Office: 416-745-2300
http://www.manocharealty.com" rel="nofollow">LINK
Location: carl sagan's universe
Posted on: 03-09-08 12:42:21
Hi Sanjeev,
Where is the housing market down 20-30%? US? Canada overall or some parts of Canada? I arranged finance for some properties downtown in TO and it still seems to me to be an auction more than a sale, unless of course as an article suggested realtors are purposely quoting low so as to attract a slew of buyers to the spot and then the game begins.
Also when was the statement Canada will follow US in rate cuts made? or r u making it now?
From what I can see Canada did follow the US in cutting rates as much as they thought the Canadian economy warranted. Your link clearly indicates that. (4.5% to 3%)Also at the last meeting good old Bernanke held rates steady so Canada followed suit.
In some respects Canada did follow US' lead.
Once again I am no maven.
I guess Sanjeev was taking a dig at some of the other postings in couple of other threads - abt prices going down.. no crashing...
Sanjeev is trying to invite Mr Rajeev Singh to begin his doomday postings..
Location: Amidst a glow in the sky.
Posted on: 03-09-08 14:37:50
Quote:
Originally posted by dudewheresmycar
Sanjeev is trying to invite Mr Rajeev Singh to begin his doomday postings..
You mispelled the first name
-----------------------------------------------------------------
No trees were killed by this post, but a large number of electrons were terribly inconvenienced.
__________________________________
George Malley: Hey, would you, uh, love me the rest of my life?
Lace Pennamin: No. I'm gonna love you for the rest of mine.
__________________________________
None of us knows God until someone introduces us - Life of Pi
Who gives a shite.. I just like reading his carp..
Quote:
Originally posted by G13
Quote:
Originally posted by dudewheresmycar
Sanjeev is trying to invite Mr Rajeev Singh to begin his doomday postings..
You mispelled the first name
Location: carl sagan's universe
Posted on: 04-09-08 22:26:55
http://www.thestar.com/Business/article/490190
read the link above for interest rate prognosis.
not to change until early 2009.
also words from an invis broker on interest rates and how it will affect mortgages
