Rate Cuts & Recession Debates: Canada's Economic Crossroads

The Bank of Canada has made its 5th consecutive rate cut, dropping rates by 50 basis points, creating a 150bps differential with US rates - the largest since 1997⁠. While the housing market shows increased activity without price inflation⁠, there's disagreement between former governor Poloz and current governor Macklem about whether Canada is in a recession⁠. A recent poll shows Canadians prefer a strong dollar (61%) over lower interest rates (39%)⁠ • The housing market is experiencing increased activity without price inflation, which the Bank of Canada views as a positive development⁠⁠ • Former BoC Governor Poloz believes Canada is in a recession, while current Governor Macklem maintains the economy is still growing, though slowly⁠⁠ • Current market conditions present opportunities for investors with falling prices and rates, but come with risks of declining rents and increasing unemployment⁠ Sign Up For The Next Webinar Realist Join the best community in Canadian Real Estate realist.ca Attend a Meetups Meetups Nick Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch instagram.com/danielfoch tiktok.com/@danielfoch buy your next property with ai - valery.ca

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