Bank of Canada engineering a recession, monetary induced, no end to rise in interest rates.
Channel: The Canadian Real Estate Show, curated news daily 
Date: 14/07/2022

It is now clear that the Bank of Canada is engineering a recession to bring down inflation, strengthen the Canadian Dollar and ultimately, restore balance in the housing market. 

The rise in interest rates will force mortgage borrowers to redirect their spending into mortgage debt rather than the economy. Consequently, there will be a major correction in the housing market and economic destruction.

Moreover, the Bank of Canada seems to have miscommunicated (perhaps deliberately) with economists who were shocked yesterday by the 100 basis point rate hike.  

Your mortgage might need to be recession-proofed. Get in touch with us today at 647-773-4849 or visit our website at www.coluccimortgages.com.

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