RE: mortgage-gatei must agree with you agoldbloom. I really think this a headfake. People are actually walking away from their homes leaving it empty still as they have all but given up hope. They canot afford the MTG payments and its also based on a price of a value 3 times as much in instances.
There are so many condos still going up all over the CIty of Toronto - who wants to buy these overprices boxes in the sky and pay CONDO FEES that does nothing but go up? It's only a matter of time for those buyers and lookers will realize that they are being duped into these fees and leave these condos for prices to crash..
The Canadian GVT has also pumped much stimulus into this economy and I have not yet seen where this has helping for longterm growth.
Low interest rate has also only got consumers into more debt with frivolous spending. Short term businesses are massing quite the gain with the recent massive layoffs Many of wich are still out of work and have exhausted Employment Insurance Benefits and do not show up on the numbers. They should be parading asking for the jobs back as the corporate earnings are higher than before. The next move they will mask the numbers has not very good again and drive the economy down harder than before while still discreetly making money.
I think the GVT is wishing on a prayer for something to happen good in between the stimulus to prove that they made the right decisions for the masses.
Again it seems only the insiders and MMs know the truth and we are left to gamble as to when as surely it will happen.
I have added to my position again to average down now to 8.65 add more again on any further drops below 8.50. I would think 10 is possible by the end of November and then higher after...\
g2g>