More payment shock coming. - RBC CEO McKay

Interest rates aren't too high. House prices are too high and need to come down.

“Canadians are ‘handling that increase’…” No, we can assure you, they’re not. 😞 “Soft recession.” Mmhmmm….

Canadians face renewals at much higher rates, oligopolies for most basic services keeping prices high, higher municipal taxes, and all of that is assuming they don’t have other floating rate debt which they very likely needed to keep up with inflation.

Sorry but sonsumers are NOT handling it at all. Instead banks are shuvling the problem forward by extending the mortgage term to infinite and negative amortization. I wish there was a law against this large scale ponzi.

“We’re gonna see that soft-landing recession” Lmao

What happened Steve they didn't invite you to Davos this year?

Snubbed again

No rate cuts in sight…

Soft landing 🛬 recession. 😆

Why is Canadian mortgage duration so much shorter than in the US?