Let’s examine what to expect as a result of Brexit … Could it be a “Real EstatExit” in the making for the Great White North?
How the Brexit Affects Canadian Mortgage Rates
Image Source
Move Smartly–Jun 27, 2016
Fixed-Rate Mortgages – When events like this happen, there is typically a flight-to-safety where investors pile in to safe-haven assets like Government of Canada (GoC) bonds, which our fixed mortgage rates are priced on.
Variable-Rate Mortgages – The Brexit result pushes out the timing of when the U.S. Federal Reserve will next raise its policy rate …
The Globe and Mail (subscription) –
Economists, stock analysts and currency strategists are fast changing their view of the world as we head into yet another round of market uncertainty in the wake of the Brexit vote.
Canadian Mortgage Trends – Jun 24, 2016
But mortgage rates are likely not about to fall off a cliff near-term. Canada’s inflation outlook will be more greatly impacted by things like negative sentiment and falling oil than any deterioration of UK trade.
As the realtors, they couldn’t be more bullish. They think the deep pockets (especially Europeans) will come in in drove …
MoneySense –
Britain’s decision to leave the European Union last week plunged governments worldwide into a pit of economic and political uncertainty.
