Post by
dart321 on Feb 02, 2023 12:54pm
WOW Mortgage Holders In Trouble
in Canada, the new report out today shows 35% of all fixed rate mortgage holders have 10.3 months untill they will be forced to sell and worse yet 45% of all variable rate mortgage holders will be force to sell within 8.3 months. Crash coming folks, this is real bad. Something like 53% of all mortgage holders in Canada will be forced to sell this year. Maybe that is why we are seeing a very sharp uptick in listings. People trying to get ahead of the masses. The gov can't drop interest rates, if they do inflation will skyrocket.
Comment by
Donwaan on Feb 02, 2023 1:19pm
Source and link to the report please.
Comment by
TheGrapeOne on Feb 02, 2023 1:59pm
Key thing here is that this data is not based off facts but an Opinion poll of 1900 people. of those 45% of those who have a variable rate mortage say that they can last 10.2 months the other 55% say they are fine... Fixed rate folks are fine https://ca.finance.yahoo.com/news/45-with-variable-mortgages-say-they-would-have-to-sell-in-under-9-months-yahoomaru-poll-110037392.html
Comment by
Donwaan on Feb 02, 2023 3:56pm
Merci TheGrapeOne! Move over cause Ovie is coming on fast. :-) Go Canopy! Can you envision an NFL stadium named the Canopy Bowl soon?
Comment by
Bedaine on Feb 02, 2023 4:47pm
Or the Super bowl at the Bong...no applause just laughs !!!!