Bank of Canada’s Delayed Action Means A Hard Landing Is Most Likely: Oxford Econ
Oxford Economics now sees a moderate recession after the Bank of Canada now needs more aggressive rate hikes due to persistent inflation.
Canada’s Money Supply Is Decelerating At A Rate That Typically Precedes A Recession
Canada’s M1+, a narrow measure of its money supply, is seeing growth fall at a rate that almost always precedes a recession.
This Week’s Top Stories: Canadian Real Estate’s Bear Market Is Just Getting Started & Inflation Revisions
This week’s top stories include a “Big Six” bank warning Canada’s real estate correction is just getting started & big inflation revisions.
Canadian Mortgage Debt Is Rising A Half-Billion Dollars Per Day On Average
Canadian mortgage borrowing might be slower but even slower is a breakneck speed as the overstimulated market tries to calm.
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.
