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04/18/2023

Interesting article worth the read...

Great News On The Inflation Front The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before we break out the champagne, however, much of the drop in inflation resulted from the steep monthly increase in prices in March one year ago...

04/14/2023

Indicators starting to show the market is picking up. Message us for assistance with mortgage financing and qualifications. Helping home owners fulfill their dreams and retire with equity since 1995.

The sale price per square foot of a downtown condo increased 5 per cent between January and February to $1,141 as core working and living comes slowly back in style

04/12/2023

Hopefully this is a sign of a topping out of interest rates for the foreseeable future. Worth reading the article...

The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% Inflation The Bank of Canada left the overnight policy rate at 4.5%, as expected, stating their view that inflation will hit 3% by mid-year and reach the 2% target by next year. They admit, however, that demand continues....

03/31/2023

Changes to foreign ownership include purchase of raw land for development. Worth the quick read if you are involved in or own real estate in Canada.

After receiving heat from the real estate industry, Ottawa has amended its new two-year ban on foreign homebuyers

03/15/2023

There has been a noticable increase in Realtor and Mortgage Broker activity in the last several weeks. If you need mortgage advice or would like to apply for the very best rates in Canada, let us know. We look forward to hearing from you!

Housing Market Could Be Poised For A Spring Rebound The Canadian Real Estate Association says home sales in February bounced 2.3% from the previous month. Homeowners and buyers were comforted by the guidance from the Bank of Canada that it would likely pause rate hikes for the first time in a year.....

04/06/2022

If you own a home, or are thinking of buying one in the near future, this is worth the read.

Housing affordability is going to be a main feature of tomorrow's federal budget, CTV News has learned, including moving to make it illegal for foreigners to buy any residential properties in Canada for the next two years.

03/11/2022

Unemployment rate drops a full percentage point in one month!

Canada Reached Full-Employment in February Statistics Canada released the February Labour Force Survey this morning, reporting a much more significant than expected 336,600 net new jobs, with the unemployment rate falling a full percentage point to 5.5%. This is the first time the unemployment rate....

10/27/2021

Prime rate to remain stable...for time being! Worth the read.

Bank of Canada Responds To Mounting Inflation: Ends QE and Hastens Timing of Rate Hike The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated October Monetary Policy Report (MPR) in which its key messages were: The...

10/20/2021

Canadian Inflation Rate continues to rise. Excellent read. No sign of a prime rate hike...yet!

Prices are Rising Everywhere–Transitory Can Last A Long Time Today’s release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation rising from 4.1% in August to 4.4%, its highest level since February 2003. Excluding gasoline, the CPI rose 3.5% y/y last mont...

10/08/2021

Good news on the job front but may lead to increases in interest rates. Worth the read!

Blockbuster September Jobs Report–Further Fuel For Rising Interest Rates Statistics Canada released the September Labour Force Survey this morning, providing some unmitigated good news on the jobs front. Employment rose by 157,000 (+0.8%) in September, the fourth consecutive monthly increase. The ...

09/15/2021

Annual Inflation In August Rises to 4.1% in Canada–But Are We Close To The Peak? Today’s release of the August Consumer Price Index (CPI) for Canada posted another uptick in the year-over-year (y/y) inflation rate, but hidden in the details was some support for the Bank of Canada’s position th...

08/16/2021

Canadian real estate markets remain strong even though sales have slowed. A very good 5 minute read!

The Slowdown In Canadian Housing Continued in July Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021–the fourth consecutive monthly decline. Over the same period, the number of newly listed propert...