THE BANK OF CANADA JUST RELEASED THE INFLATION RATE FOR NOVEMBER!!!!
Wednesday, Dec 21, 2022
THE BANK OF CANADA JUST RELEASED THE INFLATION RATE FOR NOVEMBER!!!!
The inflation as it stands only decreased .01 % month over month (6.8%) after the carpet bombing from the BOC to curve inflation. From July to Dec the policy rate increased 2.75% with affect on inflation.
Tiff Macklem has mentioned unemployment needs to rise in order to further curve inflation, the whole goal is to have the population to stop spending money best way to do that is raise interest rates as high as possible and create large jobless so there no money to send ultimately causing inflation to descend back to the 2% goal.
Going into 2023 I forecast an additional 20 -25% loss in property value and this based on the holding power of the current sellers and the mortgages and debt there carrying.
I am guiding clients at this time when we go live to market in 2023 that we are Sharpe with pricing the realty less is more.
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