Category: Uncategorized
-
What Are The Odds?
I have never believed in coincidences all my life, but the last couple of weeks are just getting out of hand. The amazing thing about the new changes is that it puts a lot of money into the pockets of mortgage insurers. Between the new insurable cap, and the 30 year am premium, mortgage insurers…
-
Taking the Easy(ing) way out.
It has become quite apparent over the last couple of weeks that the days of interest rate cuts have started. Uncle Tiff was first to the party in June of this year with 25 bps, followed by another 25 bps in both July and September. Jerome Powell and Co. brought a gun to a knife…
-
Crash, Burn and Yield
Last week will probably be remembered as the week in 2024 when changes bloomed. Canada saw the awkward Monday morning announcement by the government about changes to the first time home buyers program. There is still a lot to be written on the official rules that come out on Dec 15th, but it looks like…
-
Jumbo The Elephant
The elephant in the room over the last couple of months has been the US Federal Reserve. Will they or won’t they? Big or small? 25 or 50? Wednesday gave us the answer, and it did cause a little bit of whiplash across stocks, bonds, and currencies. After cutting the Fed Funds rate ( overnight…
-
Inflating the Inflation Narrative
Tuesday saw the release of Canada’s August inflation report, and what a report it was. I am sure all the Tik Tok dancers are thoroughly wiped out this morning from all of the dances they were doing yesterday. Add yesterdays videos to the videos from Monday after the mortgage announcement, and I am sure they…
-
Bounce, Bucks, and Bullshit
Today was the day we all finally saw once and for all. Today is the day that we all should have realized what exactly is going on. Today is the day that we now know why housing is sooo screwed up in Canada. After today, we need the largest box of Bounce dryer sheets you…
-
Settle Down, Won’t Ya?
As expected we saw Uncle Tiff cut rates by this morning. Of course a growing number of realtors had thought 50 bps was coming, but 25 was always the consensus. I am sure the dancing will continue on social media now though. I am not sure exactly why people are elated by the news today.…
-
Perception Is Reality
I think it would be fair to say that in todays interest rate environment it can be tough to see the proverbial forest through the trees. We spend our days bogged down in the nitty gritty, and it can be tough to pull yourself up above the fray and see the light sometimes. As we…
-
This or That
Only a few more days until we see the next BOC rate announcement, and the odds makers on Tik Tok and Insta are already placing their bets. According to the social media finance experts, we are a lock for 25 bps ( actual economists agree with this ) and a lot are calling for 50…
-
Rapid Fire!!
Lets take a quick peek at a potpourri of items: Inflate or deflate: A lot of people are cheering on inflation coming down. I disagree with the premise, but the party seems to be gaining a lot of supporters regardless of my opinion. This falls under the be careful what you wish for category. Remember…
Ryan Sims insights, thoughts, and analysis 