RE:Looks like,....Insightful analysis
canader wrote:
The real estate market doesn't give a rats A.S.S about Stock market sentiment.
https://www.zolo.ca/toronto-real-estate/trends
The Bank's loan books will continue to grow,...
The profits will continue to grow,..
Looking ahead to a recession. B20 is building a BIG protective moat around all mortgages.
Most peope have a 5 year mortgage so about 20% renew per year + new mortgages.
So with 1 year of B20 nearly behind us we have,..
1) New mortgages buffered by B20 rules
2) Mortgages renewing because they are performing
3) A stable real estate market for those that are having problems meeting their obligations to get out of the market or downsize.
4)RE Speculation is all but dead
5)Employment and economy are all doing well
The Dhorties have manged to create a negative SP sentiment around the banks. The average house buyer doesn't care about bank fundamentals(they care about employment). The RE market will continue along immune to Dhortie BS. So the banks will continue to do well $$. And eventually the SP will catch up,
Time costs the Dhortie money. Everyday they are short, they bleed $$
DYODD.
GLTA