Personal Finance

Interest rates rising next year, prepare for a world of pain

  • Last Updated:
  • Mar 22nd, 2017 2:06 pm
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Deal Addict
Nov 27, 2005
2752 posts
174 upvotes
I predict interest rates will rise in the future!
Banned
Dec 5, 2015
1344 posts
437 upvotes
Thornhill, ON
It's been over 2 years since OP initial post.. did I miss the world of hurt in 2015 or 2016?
Deal Addict
Feb 12, 2009
1101 posts
280 upvotes
Richmond Hill
Doubleshot wrote:
Mar 16th, 2017 10:01 pm
It's been over 2 years since OP initial post.. did I miss the world of hurt in 2015 or 2016?
Ya the world of hurt is that the OP got screwed. Rates are same if not lower and now prices are up almost 50% since OP posted.
Deal Addict
User avatar
Dec 14, 2006
2872 posts
148 upvotes
Montreal
Op got owned.
I was there at the 32$ price error at dell.ca day AND at the 150$ off price error at fs.ca
RFD price error moto: "Buy now, think later." -Ahzuz
Deal Expert
Aug 22, 2011
15171 posts
4243 upvotes
Ottawa
^^^^thanks for the Friday laughs Gents.
[OP]
Penalty Box
Nov 18, 2014
662 posts
548 upvotes
Toronto, ON
Firebot wrote:
Mar 16th, 2017 4:32 pm
OP is truly a visionary.
Good one. You must have slept well seeing Calgary house prices drop 20% since the peek and still going down!
Deal Expert
Aug 22, 2011
15171 posts
4243 upvotes
Ottawa
rkanwar109 wrote:
Mar 17th, 2017 9:20 am
Good one. You must have slept well seeing Calgary house prices drop 20% since the peek and still going down!
You live in Toronto, why do you care what is happening in Calgary?
Banned
Dec 5, 2015
1344 posts
437 upvotes
Thornhill, ON
rkanwar109 wrote:
Mar 17th, 2017 9:20 am
Good one. You must have slept well seeing Calgary house prices drop 20% since the peek and still going down!
vkizzle wrote:
Mar 17th, 2017 10:30 am
You live in Toronto, why do you care what is happening in Calgary?
The price drop in Calgary had nothing to do with interest rates...It had to do with collapse in oil prices which was completely irrelevant to what OP said was going to cause RE prices to drop. Instead rates dropped 0.5 pts lol
Deal Addict
Oct 7, 2007
2938 posts
634 upvotes
It's interesting to see how the media and the "liberal left" go after Trump day after day but if you are interested in the economy and business alot of the decisions he is making seem to be focused on improving the U.S. economy. He also feels strongly that Federal Reserve rate is far too low for far too long. He wants to "normalize" the rates as well as the economy by creating/repatriating jobs that have been long gone. The increase in U.S. interest rates will have an effect here in Canada, no doubt. Hopefully, Canadians will figure out how to benefit from it and our politicans/decision-makers won't be afraid to adjust our rate if this is the right thing to do, also. (Hint: If Canada were to raise our rates, a lot of the housing affordability problem would take care of itself.)
Deal Addict
User avatar
Sep 10, 2009
1251 posts
234 upvotes
Montreal
Doubleshot wrote:
Mar 16th, 2017 10:01 pm
It's been over 2 years since OP initial post.. did I miss the world of hurt in 2015 or 2016?
Yes! Trudeau was elected. lol
Banned
Dec 5, 2015
1344 posts
437 upvotes
Thornhill, ON
choclover wrote:
Mar 17th, 2017 10:44 am
It's interesting to see how the media and the "liberal left" go after Trump day after day but if you are interested in the economy and business alot of the decisions he is making seem to be focused on improving the U.S. economy. He also feels strongly that Federal Reserve rate is far too low for far too long. He wants to "normalize" the rates as well as the economy by creating/repatriating jobs that have been long gone. The increase in U.S. interest rates will have an effect here in Canada, no doubt. Hopefully, Canadians will figure out how to benefit from it and our politicans/decision-makers won't be afraid to adjust our rate if this is the right thing to do, also. (Hint: If Canada were to raise our rates, a lot of the housing affordability problem would take care of itself.)
Improving economy by cutting over 23B funding for healthcare, community programs, jobs training, education to increase military spending and build a wall?

Eliminating jobs in global growing renewables industry for decreasing demand coal jobs is good for economy?
Lol ok
Member
Sep 19, 2012
411 posts
247 upvotes
Calgary
rkanwar109 wrote:
Mar 17th, 2017 9:20 am
Good one. You must have slept well seeing Calgary house prices drop 20% since the peek and still going down!
Where do you get your data? 20 percent decline since when? Prices have been generally flat and there is no evidence of a housing "crash" despite worse recession in recent memory. Fort Mac on the other hand, sure it suffered.

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