Quote:
Originally Posted by Harvey Specter
JP Morgan suggested that BoC will do 5 rate increase before the year ends. Danger is rates jump beyond what they were pre-COVID and values start coming down. A lot of people could be holding the bag but good news for anyone sitting on the sidelines with cash because they'll be plenty of deals.
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https://www.canadianmortgagetrends.c...oming-meeting/
Table at the bottom shows what each bank is forecasting as the end of 2022 rate - right now it's .25% so most banks are predicting between a .75% and 1.25% increase in rates in 2022 (3-5 hikes).
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Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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