Bank of Canada Scolds Trudeau on Mortgage Rules: 'There Is No Free Lunch'

#bankofcanada #canadianrealestate #canadianeconomy

The Bank of Canada is publicly scolding the Canadian government for tinkering with mortgages, noting that, “There is No Free Lunch.” The speech, given by Senior Deputy Governor Carolyn Rogers, outlined the hazards inherent in extended mortgage amortizations.

Links:

Speech by Senior Deputy Governor Rogers/Discours de la première sous-gouverneure Rogers:

https://www.youtube.com/watch?v=YFDfbZJ342g />
Canadian housing market 'sluggish' despite change to mortgage loan rules:

https://www.youtube.com/watch?v=BzRyiKoumBI />
Bank of Canada's Carolyn Rogers warns against ‘tinkering’ with mortgage market:

https://financialpost.com/news/economy/bank-of-canada-carolyn-rogers-mortgage-market

Real estate market: Definitions, graphs and data:

https://www.bankofcanada.ca/rates/indicators/capacity-and-inflation-pressures/real-estate-market-definitions/

Freeland says Canada will expand 30-year amortization, raise insured mortgage cap:

https://ca.news.yahoo.com/freeland-says-canada-expand-30-161050884.html

Trump’s win is already driving mortgage rate hikes in Canada:

https://www.canadianmortgagetrends.com/2024/11/trumps-win-is-already-driving-mortgage-rate-hikes-in-canada/

BoC's deeper cut aims to reignite housing market:

https://www.bnnbloomberg.ca/video/shows/the-open/2024/10/24/bocs-deeper-cut-aims-to-reignite-housing-market/

Canada's housing affordability crisis may persist for years despite rate cuts:

https://www.reuters.com/world/americas/canadas-housing-affordability-crisis-may-persist-years-despite-rate-cuts-2024-09-30/

U.S. 10 Year Treasury Note:

https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx />
US Bond Yields Surge as Trump Win Stokes Inflation Expectations:

https://www.bloomberg.com/news/articles/2024-11-06/us-bonds-slide-most-since-pandemic-as-trump-renews-inflation-bet

Markets Brace For Higher Inflation and Interest Rates Under President Trump:

https://economics.td.com/ca-inflation-and-interest-rates-under-trump

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