Canada’s Inflation Revisions Show Something Is “Really Wrong”: National Bank
Canadian core inflation, the BoC’s preferred measure, was revised twice in two months, supporting rate hikes months before they began.
This Week’s Top Stories: Canadian Real Estate Now Requires 64% of Income & “Excess” Demand Is Gone
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales When inflation is below target, a central bank will cut interest rates to help stimulate “excess” demand for goods. The excess demand is intended to over run the existing […]
Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales
The Bank of Canada’s low rate policy to drive inflation helped drive over 250k excess home sales over the past two years.
Canada’s Mortgage Mayhem From Higher Rates? It Was Just $61
Canadian mortgage rates are on the rise but the average household’s payment is growing only slightly faster than they were with low rates.
Canadian Mortgages To Experience Less Payment Shock Than Some Countries: Fitch
Fitch Ratings data shows Canada’s world-class mortgage debt won’t be as vulnerable to rate shock as countries like Australia and the UK.
Canadian Real Estate Is Proving To Be A Story of Excess Demand: BMO
Canadian real estate sales are fading quickly as interest rates rise, proving this was an issue of excess demand from too much stimulus.
This Week’s Top Story: Canada’s Real Estate Bubble Eliminated By Data Revision & More Experts See Lower Prices
This week’s cheat sheet includes how Canada eliminated its real estate bubble with data revisions, and experts forecast bigger declines.
Higher Rates Lower Your Cost of Living, “We Know It’s Difficult”: Bank of Canada
The Bank of Canada is telling the public they know higher rates are “difficult,” but ultimate leads to a lower cost of living.
Canadian Real Estate Affordability Hits Worst Level Since The 90s: Bank of Canada
The Bank of Canada Housing Affordability Index shows it hasn’t been this hard to buy a home since the early 90s real estate bubble.
This Week’s Top Stories: Canada’s Deepest Real Estate Correct In A Half Century, & Small Towns Are Booming
This week’s top stories include RBC calling the deepest correction for Canadian real estate in a half-century, and small towns are booming.
