There are two reasons – first the economy is going south and second is the federal elections. Govt. is trying its best to stabilize the situation so taking these measures. The true scenario will come up after the elections. I was expecting the first interest rate hike in first quarter of 2016 but seems like it may be delayed for another year. The RE mad frenzy will continue till then. It could be the actual pumping the air into the balloon.

-----------------------------------------------------------------
A Delhite in Toronto

That being said, then it is a very good time for market speculators will end of 2016. It will now make sense to take a mortgage, convert a old house into rooms (for new immigrants or students) and then rent it out, room by room or portion by portion.

My friend who is in Tamil Nadu for the past 2 years is actually doing something like this in USA. He was a kanjoos software engineer at New York for 10 years. Saved a lot of money and also played with flippings in India and is cash rich. He has a free hold condo and a house at Edison, NJ. Both rented out. He says that he is making more in rent that his mortgage.

He has been in Taml nadu for 2 years now. His tenant in the Free hold condo moved out. Through his VOIP telephone, he fixed appointment to paint and clean the house. He also changed a new cooking range the same way. Found a tenant and asked and agreed to $ 50 more than his last tenant.

He is very happy.

Murali

-----------------------------------------------------------------
I am a Gents and not a Ladies.

We are stable and slow growth country so it will not be much change on our economy nor real estate.

but for investment USA is any day better than Canada


Housing in Canada more or less stay stable forget about interest rate cut there will go slightly up in coming year...

Canada has been holding low rates for so long they cant afford it for so long... Canadian dollar is Oil sensitive it would have been huge setback if oil price continues goes down but now it look like Oil price has been settle for while and it might increase soon.

So consider coming couple years we will be more or less same on the economy , cant say after 10 years cause i don't play that long games

-----------------------------------------------------------------
'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

And here we go.. another rate cut..

http://www.theglobeandmail.com/report-on-business/economy/interest-rates/bank-of-canada-rate-announcement/article25514585/

Quote:

---

Originally posted by lemon925

And here we go.. another rate cut..

http://www.theglobeandmail.com/report-on-business/economy/interest-rates/bank-of-canada-rate-announcement/article25514585/

---

-----------------------------------------------------------------
'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

Quote:

---

Originally posted by febpreet

Not sure whether to laugh or to cry over this News. Canada, in recession, not quite sure. Does TD want to send another housing frenzy in GTA and Metro Vancouver by cutting rate to another .75? Not sure what to make of it.

---

Yes, This is not good for the economy. It is definitely going to push prices upwards, the loonie is already down and is going to make imports expensive, driving up costs of groceries, cars, vacations everything that is important to us.

Time to show some power during elections this October.