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...
Weekly Digest———November 22nd, 2023 Bridge LoansIn this video, I'll be going over a couple of bridge loan examples. We've had real estate agents from different teams reach out for help, so I wanted to provide some guidance. I'll discuss scenarios where clients need bridge loans without...
Weekly Digest ——— November 9th, 2023 Fixed Rate Improvements 5 year bond, October 19th = 4.36%5 year bond, November 7th = 3.82% The last time the 5 year bond was at this level was in September. Why the sharp drop? After the US Fed meeting Nov 1st (more on this below)...
Weekly Digest ——— October 26th, 2023 Bank of Canada Holds The B.O.C held the overnight rate at 5.00% Wednesday morning. But what happens now? Wednesday’s decision was expected (85% odds of a hold). However, in their announcement, the B.O.C is now projecting that inflation will not return to the...
Weekly Digest ——— October 19th, 2023 Inflation Cools Inflation was expected to remain flat at 4.00%, but a strong report this week showed a slowdown to 3.80%. This has moved the needle on a Bank of Canada increase from a 50/50 chance, to only 15% as of today. We are...
Weekly Digest ——— October 6th, 2023 After a week off last week to run the Berlin Marathon, we are back with our weekly newsletter. If you have any questions, do not hesitate to reach out. Prost! Fixed vs Variable Rates - Up for Debate Have you heard this before? Fixed rates are...
Weekly Digest ——— September 20th, 2023 Inflation is Back on the Rise In our digest last week, I mentioned that we would be getting some bad news on the inflation battle. Heads rolled a full 360 degrees as inflation is now back to 4.0% Annual Inflation; 4.0% (up from a...