NitSid

376 posts

NitSid

NitSid

@nit_tweet08

Into Anything and Everything related to Anything and Everything!

Katılım Ocak 2014
60 Takip Edilen11 Takipçiler
NitSid
NitSid@nit_tweet08·
@ronmortgageguy Interest rates hold the answer.. Whenever they are in 2’s again and stay there for at least a year with decent economy the housing will rebound.. Real question is when the rates will be that low again and when the economy improves..
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Ron Butler
Ron Butler@ronmortgageguy·
In my opinion it's pretty much an unknown as Ontario population growth approaches negative numbers My thoughts about Residential RE in Ontario for anyone thinking this may be the year it bottoms: Patience & Caution
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Ron Butler
Ron Butler@ronmortgageguy·
What Will Revive Ontario's Residential Real Estate Market? TIME Is The Only Answer & The Time Is NOT Now In 1990 after a total meltdown in in RE & a brutal drop in Ontario House Values the question everyone asked was: is next year the Recovery? No one asked anymore by 1996 2/
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Grok
Grok@grok·
Based on the RBNZ's aggressive 0.5% rate cut to 2.5% amid economic slowdown, and similar easing by the Fed and others in 2025, consider a diversified strategy: Allocate to bonds for yield benefits as rates fall, growth stocks in tech/healthcare for stimulus upside, and gold/commodities as hedges against rising deficits and potential inflation. Monitor global data; rebalance quarterly. Not financial advice—consult a professional.
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IceCap
IceCap@IceCapGlobal·
RACE-TO-ZERO! New Zealand taking the lead. As global economy grinds lower, govt tax revenues will decline creating even worse deficits which results in more debt issuance.
Shane Oliver@ShaneOliverAMP

RBNZ cut 0.5% to 2.5%, due to “prolonged spare capacity” & to boost to spending. Guidance was dovish with the money mkt allowing for 1 or 2 more 0.25% cuts. RBNZ has now cut by more than other major central banks, as it overdid the tightening. (Macquarie Macro Strategy chart)

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NitSid
NitSid@nit_tweet08·
@SteveSaretsky Canadians don’t want anything that is remotely like Trump’s MAGA. Hate for what Trump is doing is getting channeled towards Conservatives in Canada. Also, Conservatives haven’t shown any merit on Economic issues too. Harper didn’t leave the economy in great condition either.
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Steve Saretsky
Steve Saretsky@SteveSaretsky·
A lost decade in Canada. I don’t care which party was in power, if you put your partisanship aside these results should not be rewarded with another 4 years.
Steve Saretsky tweet media
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NitSid
NitSid@nit_tweet08·
@ronmortgageguy @MarkJCarney @ronmortgageguy 7/10 people I know have flipped from Pierre to Carney because of what Trump’s actions in last 2-4 weeks.. Con’s are considered Canadian MAGA! With Trudeau gone and Carney having less visible baggage- Liberals will win! Liberal win will be 100% Trump’s making!
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Ron Butler
Ron Butler@ronmortgageguy·
@MarkJCarney I mainly see a campaign powered by Grey Haired Boomers who appreciate the increase in their RE Values to the point no one born after 1990 can ever afford their own home
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Mark Carney
Mark Carney@MarkJCarney·
This campaign has been powered by so many hard-working people. Thank you. We’ve come this far because of each and every one of you.
Mark Carney tweet media
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NitSid
NitSid@nit_tweet08·
@ronmortgageguy @ronmortgageguy what is the best rate at top-5 for 3 and 5 year fixed now? also, what is the current lowest effective rate for variable as well? what should we settle for if credit score is amazing and solid file?
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Ron Butler
Ron Butler@ronmortgageguy·
But the days of just signing because the Renewal Offer was always about the same or lower than last Renewal ARE OVER Many Renewals have huge rate increases or an opening for a LOWER rate if the mortgage was obtained 2 or 3 years ago Let the Mortgage Renewal Rate War commence
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Ron Butler
Ron Butler@ronmortgageguy·
The Great Mortgage Renewal Battle Between Banks Has Commenced In Canada The first volley in the Renewal War was struck by RBC who has rolled out a sophisticated Renewal App that is designed to let existing RBC Mortgage holders renew efficiently & get any info they need 2/
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Ron Butler
Ron Butler@ronmortgageguy·
@harleyf @build_canada Sure, but if it never gets built will you get us the hundreds of millions of Consultant & Study money back?
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NitSid
NitSid@nit_tweet08·
@RichardDias_CFA @Tablesalt13 Another way to assess what market thinks about this announcement is to check the Air Canada stock price.. It hasn't moved much at all after the news.. just regular minor decrease following the current ongoing trend of the stock
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Richard Dias
Richard Dias@RichardDias_CFA·
@Tablesalt13 Why skip the London Detroit corridor, there’s like 5 million people who live there
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Tablesalt 🇨🇦🇺🇸
Tablesalt 🇨🇦🇺🇸@Tablesalt13·
🚨🚨MAJOR BREAKING Canadian Federal government announces the largest ($40B) infrastructure project in Canadian history A 300 km/hr high speed rail connecting Toronto, Peterborough, Ottawa, Montréal, Laval, Trois-Rivières and Quebec City.
Tablesalt 🇨🇦🇺🇸 tweet media
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NitSid
NitSid@nit_tweet08·
@RichardDias_CFA @Tablesalt13 Because this is just a stunt to buy more QC votes!! It takes a year to build a simple stretch of few km road. High speed train will be reality (if it goes through) not before 3050!!
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NitSid
NitSid@nit_tweet08·
@guillaum3roy QC should just leave Canada and lighten the burden
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Guillaume Roy
Guillaume Roy@guillaum3roy·
Premier Legault, when questioned about pipelines following the announcement of a 30-day suspension of tariffs, stated that there is no intention to revive the Energy East project.
Montréal, Québec 🇨🇦 English
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NitSid
NitSid@nit_tweet08·
@ronmortgageguy Inflation due to demand or supply will be atleast couple years away after BOC drops rates.
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Ron Butler
Ron Butler@ronmortgageguy·
Good news on Rates but VERY bad news for Canada Cars in Ontario Lumber in BC Aluminum in Quebec And for every Farmer in Canada It's a very sad day in our Country
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Ron Butler
Ron Butler@ronmortgageguy·
The Tariff Trade War: What Happens With Mortgage Rates & The Bank Of Canada? It's speculation at this point: we don't know how long the Tariffs will last in this form & we don't know how much the Trade War will escalate If nothing changes what could happen in 6 months? 2/
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NitSid
NitSid@nit_tweet08·
@SteveSaretsky @SteveSaretsky Carney is not dumb but he thinks Canadians are dumb and won’t be able to see through what he is saying..
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Steve Saretsky
Steve Saretsky@SteveSaretsky·
Carney says leaving the carbon tax on producers doesn’t trickle down to the end consumer. Nobody uses steel anyways. We only use steel in every new home constructed. 🙄
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Richard Dias
Richard Dias@RichardDias_CFA·
@realonesknow87 No, it will absolutely not. I agree with you. We have stopped investing in capital assets as a country. Private sector CAPEX is shrinking. R&D spending is also moribund, and that is part of the puzzle, too.
Richard Dias tweet media
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Richard Dias
Richard Dias@RichardDias_CFA·
Canada and its next Prime Minister must tackle what the BoC calls a 'productivity emergency.' Here's a thought. Maybe—just maybe—more government and even higher taxes aren’t the cure for this mess.
Richard Dias tweet media
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NitSid
NitSid@nit_tweet08·
@SteveSaretsky @SteveSaretsky Its not an oversight or mistake or late reaction. Its a deliberate and intentional left leaning party strategy and orchestrated in many countries in a sync. All left parties in EU and NA countries is a one team/gang and move together.
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Steve Saretsky@SteveSaretsky·
The damage done will take years to fix.
Steve Saretsky tweet media
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NitSid
NitSid@nit_tweet08·
@SteveSaretsky @SteveSaretsky There is a common trend in UK, US, Canada and other similar countries. The equivalent of liberal parties (or left) flooded their countries with millions of new immigrants in order to seal the left party comeback for years. New immigrants vote left.
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Tablesalt 🇨🇦🇺🇸
Tablesalt 🇨🇦🇺🇸@Tablesalt13·
🚨🚨MAJOR BREAKING NEW DATA RELEASE Loblaws in Brampton hired 41 LMIA foreign workers in Q3 2024 -- amid record high youth unemployment and in total 49,000 LMIAs were approved across Canada, a record high Part-time jobs for teens is dead in Canada.
Tablesalt 🇨🇦🇺🇸 tweet media
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NitSid
NitSid@nit_tweet08·
@ronmortgageguy @SteveSaretsky can you guys cover the new secondary suite loan program from federal govt? would the loan any cheaper then getting refinance done from the bank?
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Barred in India
Barred in India@barredinindia·
And just like that Sikhs of NZ came out to support Khalistan. It’s not a matter of if and how, but it’s now when. #khalistan
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Chrystia Freeland
Chrystia Freeland@cafreeland·
Canada’s economic plan is delivering lower inflation and lower interest rates. This means more money in your pockets and easier mortgage payments.
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Keşfet

@ronmortgageguy @grok @MSidhu75346 @IceCapGlobal @SteveSaretsky @MarkJCarney @harleyf @build_canada