Sukhwinder Dhillon

02/04/2023

01/26/2023

https://www.cbc.ca/news/business/bank-of-canada-january-rate-decision-1.6725283

The Bank of Canada has raised its benchmark interest rate again, to 4.5 per cent, but hinted that it may now be done with its aggressive campaign of rate hikes.

12/18/2022

Wow ! What a Match !!!
Argentina wins World Cup on penalty kicks over France

12/08/2022

Another is 0.5% rate increase just announced by the Bank of Canada earlier this morning.
Based on their statement after the announcement it does appear that they may be close to or already at the end of their rate increase cycle.

The Bank of Canada raised its benchmark interest rate for the 7th time this year, but gave its strongest indication yet that it may be nearing the end of the current cycle of rate hikes.

11/29/2022

“Smith Financial Corp., the family holding company of First National Financial Corp. co-founder Stephen Smith, is offering C$44 a share for Canadian mortgage lender Home Capital Group Inc. “ …………Source Financial Post

So Big financial Group (Smart Money) is ready to get in to Home Capital (Mortgage Lender) $44 a share and Banks are working on workaround with sellers to avoid bankruptcies. There are distress sellers, but banks are giving them options and avoiding power of sales.
There are sellers out there who can hold property and distress sellers who have no option but to sell at discount at the same time there are lot of buyers willing to buy discounted properties and on top that there are 400K+ immigrants coming in 2023.People are asking to drop stress test it may/may not happen. Rental market is very strong
So, it does not seem that big crash is coming other than slow burn that is going on for last few months.
Few things that can cause sharp downturn is more aggressive rate hikes to control inflation and high rise in unemployment and/or recession. But recession if short lived will not have bigger impact.
Other risk to consider is mortgage renewals from B/C lender and private financing if they will buckle up or willing to bailout.
In the end volume of new listing, Sales volumes will matter and let us know where we are headed …!!

**In Summary There will be and there is meat but…. Vultures will clean it up it will not stink **

Disclaimer: Personal view/Opinion/analysis and it should not be considered professional investment advice. Please do your own due diligence before making any investment decisions.

About 50% of borrowers with variable-rate, fixed-payment mortgages have hit the trigger rate, where monthly payments may rise. Find out more

11/28/2022

At age 17, she was rejected from college.
At age 25, her mother died from disease.
At age 26, she suffered a miscarriage.
At age 27, she got married.
Her husband abused her. Despite this, her daughter was born.
At age 28, she got divorced and was diagnosed with severe depression.
At age 29, she was a single mother living on welfare.
At age 30, she didn't want to be on this earth.
But, she directed all her passion into doing the one thing she could do better than anyone else.
And that was writing.
At age 31, she finally published her first book.
At age 35, she had released 4 books, and was named Author of the Year.
At age 42, she sold 11 million copies of her new book, on the first day of release.
This woman is J.K. Rowling. Remember how she considered su***de at age 30?
Today, Harry Potter is a global brand worth more than $15 billion dollars.
Never give up. Believe in yourself. Be passionate. Work hard. It’s never too late.

11/26/2022

https://financialpost.com/pmn/business-pmn/home-capital-gets-1-3-billion-bid-from-rivals-co-founder

Plunging Canadian housing sales and prices are prompting one of the country’s major financial-industry investors to plow C$1.7 billion ($1.3 billion) into a…

09/17/2022

** Assignment Sale **Freehold Townhouse available in Picton, Prince Edward County. ! !
✔ Priced at 639K. , 1633 Sq Ft. ,Tentative Closing 2025
✔ Located in the heart of Ontario’s wine country
✔ Minutes from Local shops, restaurants, breweries, library, movie theatre.
✔ Direct access to Millennium Trail! Attractive to walkers, hikers, and bikers of all ages
✔ Developed by highly reputable builder has earned reputation as leading builder in and around Prince Edward County
✔ Minutes from Picton Airport


Call/text/WhatsApp us more info 647-968-1050
Sukhwinder Dhillon | 647-968-1050
Sales Representative
Homelife G1 Realty Inc., Brokerage

09/11/2022

The Bank of Canada has increased interest rates by another 0 .75% this week.
There is tug of war going on between The Bank of Canada & Government with respect to inflation.
The Bank of Canada is trying to control inflation by increasing interest rates, but federal government continue to print more money & doing excessive spending causing inflation to rise.

Will the The Bank of Canada be able to successfully combat inflation through their monetary tightening policies by increasing interest rates?
Or will governments ultimately need to buckle to increasingly growing public outcries for even more subsidies, financial support such as CERB, which will require even higher rates of money printing and supply and exponentially rising inflation.
TIME WILL TELL !

There are no winners in this battle other than who own hard stable assets that perform well in boom and recessionary times.

If you wish to learn more about these exact strategies/plans to invest in today’s market. Please feel free to contact me.
......................................................................................................
BoC senior deputy says rates to keep rising, period of lower growth needed to tame inflation

https://www.theglobeandmail.com/business/economy/article-bank-of-canada-interest-rate-carolyn-rogers-speech/
.................................................................................................................................
Federal spending does fuel inflation, but it’s worth the hit: Desjardins
https://globalnews.ca/news/8956467/inflation-canada-federal-government/

Sukhwinder Dhillon | 647-968-1050
Homelife G1 Realty Inc., Brokerage ...

The federal government should not cut spending to tamp down inflation, a new report from Desjardins argues, but economists say there is some action Ottawa could take.