Remember that time the head of Canada’s central bank said the housing bubble was good for the economy? Soak it up, because that may be the last time it ever happens. The Bank of Canada (BoC) finished its technical report on the Terms-of-Trade Economic Model (ToTEM). The model, which is used by the BoC as […]
Canadians have no problem borrowing money, they just won’t do it for anything but a house. Bank of Canada (BoC) data shows household credit reached a new record high in April. The rate of growth was the fastest seen in nearly half a decade. Canadian housing mania has few people spending on anything but a […]
Inflation is transitory… or it may not be. It depends on whether the data is considered reliable enough that day. Bank of Canada (BoC) released a home price exuberance model, showing the market bubbles. Even more interesting is a footnote for the model they used. They feel inflation data on rent is unreliable, because it […]
Record Canadian real estate sales and cheap money has led to a boom in mortgage debt. Bank of Canada (BoC) data shows residential mortgage credit hit an all-time high in March. That isn’t surprising, since it hasn’t fallen in Canada for a very long time. The rate at which it’s increasing is simply mind-blowing though. […]
Canadian real estate prices have been on a tear, with a typical home now making more than the people inside of it. Still, a new model from the Bank of Canada (BoC) thinks that’s not bubbly, and is within their policy. The central bank’s Q1 2021 numbers show only three real estate markets are exuberant. […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Only Canada’s Top 5% Of Households Could Qualify For A Mortgage On A Home: NBC Canadian home prices are rising so quickly, very few people could qualify for a typical home. The minimum qualifying income in the country reached $130,921 for […]
We’re all in this together. Okay, we weren’t in it together — but we’re really sorry about one of the greatest transfers of wealth in history. That was the takeaway from a Bank of Canada (BoC) speech earlier this week, by Governor Tiff Macklem. In a totally not ironic speech on inequality, he suggested quantitative […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Prices Have Grown Much More Than In The U.S., But Incomes Haven’t Canadian home prices have grown much faster than those in the US, but data shows incomes haven’t. From 1975 to 2020, the growth rate of Canadian home […]
Canada’s central bank made an unusual move last month — it discredited its own inflation position. National Bank of Canada (NBC) deputy chief economist Matthieu Arseneau is “puzzled” why. In his latest report, he questions why the Bank of Canada (BoC) thinks its preferred measures overstate inflation. The economist took a dive through the data […]
The Canadian economy’s recovery is well underway, and that means easy money may be on the way out. Bank of Canada (BoC) updated its outlook earlier today. The central bank said the accelerated recovery will allow them to ease stimulus. To start, they’ll taper quantitative ease (QE), and speed up the end of their commitment […]
