Weekly Digest———February 22nd, 2024Inflation ImprovesCanada’s annual inflation rate fell to 2.9% in January down from 3.4% in the previous month. This was well below market expectations of 3.3%. The result marked a sharp reversal from the hot reading in December, revamping expectations of disinflation in...
Weekly Digest———February 15th, 2024 Have We Reached The End of the Housing Correction?Although house prices continued to fall in January, lowering mortgage rates are beginning to support affordability and stimulate home sales. With the sales-to-new listing ratio now pointing to positive house price inflation, we can...
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Weekly Digest———February 9th, 2024 How a Strong US Economy Influences the B.O.C The U.S. economy is clearly in a better place than Canada’s. The U.S. GDP for Q4 is clocking in at 3.30% while we lagged at an estimated 1.20%. A sturdy US economy may have pulled Canada...
Weekly Digest ——— January 25th, 2024 Bank of Canada Announcement The Bank of Canada is done with rate hikes. That message was very clear in the announcement yesterday as stated they are “confident enough” that inflation is on the right track. We no longer have to dwell on rate...
Hopes are rising that 2024 could be the year when a resurgence begins to gather pace in Canada’s real estate market – but in the Greater Toronto Area (GTA), prospects of an imminent uptick appear decidedly slim.Fewer than 66,000 home sales were recorded in the...
Weekly Digest———January 11th, 2024 Thank youThank you to those realtors, financial planners and partners who have continued to support us through a tough market. If you know of anyone in your industry that might work well with our team, please send an introduction. Looking Ahead to 2024Below...
Weekly Digest———December 22nd, 2023 Canada’s Inflation NumbersInflation data held the course this week, coming in at 3.10%. The consensus was for a 2.90% reading. The uptick appears to be due to a surge in travel costs, see graph below. Mortgage interest costs remain the largest upside contributor...
Weekly Digest———December 15th, 2023 US Rate AnnouncementThis week has made headlines for all of the right reasons. 2023 has felt like Andy Dufresne leaving the pipes of the Shawshank prison, and we may finally be seeing the light at the end of the tunnel. After Wednesday’s...
Weekly Digest———December 7th, 2023 B.O.C Holds Overnight RateFor the fifth straight month, the overnight lending rate (and prime rate) remain unchanged. It is evident the next move in the rate cycle will be a cut but when that will happen remains to be seen. Some expect...