No, you didn’t accidentally eat the wrong brownie from the freezer. One of Canada’s biggest banks actually sent traders a Christmas poem about the Bank of Canada (BoC) governor’s management. It turns out it’s actually a tradition at the National Bank of Canada (NBC), who really should be teaching a Masterclass on throwing shade. They’ve […]
Canada’s central bank didn’t do much today, but they did give us a new Tiff-ism for Christmas. The Bank of Canada (BoC) made no changes in its rate announcement this morning, the last of the year. They also updated the public on their promise not to accumulate government bonds, calling the balance “roughly constant.” What […]
One of the world’s largest economies is handcuffed to over-leveraged home buyers. An analysis from Oxford Economics looks at two rate hike scenarios in Canada. Tony Stillo, the firm’s chief economist, expects the Bank of Canada (BoC) to hike interest rates slowly. If the central bank takes this path, all households will bear the burden […]
After decades of telling the public that low rates make housing affordable, Canada’s central bank is declaring, whoops! Bank of Canada (BoC) research shows decades of low rates did not make housing affordable. In fact, it had the opposite effect — increasing the size of mortgage debt. Real estate markets absorbed the increased debt capacity […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The Bank Of Canada Only Sees 2 Real Estate Bubbles And Vancouver Isn’t One Of Them Global agencies are ringing the alarms, but Canada’s central bank only sees 2 bubbles. The HPEI, the Bank of Canada’s exuberance indicator, only flagged Hamilton […]
Canadian cities rank as some of the largest real estate bubbles globally, but Canada doesn’t see it that way. The Bank of Canada (BoC) House Price Exuberance Index Indicator (HPEI) ranks just two cities as exuberant in Q3 2021. Neither of those cities is Toronto or Vancouver, despite both ranking amongst the biggest real estate […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Recent Immigrants Are Unhappy With Housing After Real Estate Prices Soar Canada’s built a brand as a welcoming immigration hub but recent immigrants disagree. A new study from Stat Can shows how Canadians of various demographics felt about housing in 2018. […]
Canadian real estate buyers are getting more irrational, says the world’s biggest central bank. The US Federal Reserve (The Fed) published its Q2 2021 exuberance index recently. The index, considered a “smoking gun” for bubbles, shows Canada is well into a real estate bubble. Researchers say markets that become exuberant will experience a correction in […]
Canada’s new top dog at the bank regulator wants you to know they’re taking housing risks seriously. Office of the Superintendent of Financial Institutions (OSFI) Superintendent Peter Routledge discussed their housing priorities this week. In a speech to Vancouver CFAs, he said the financial system is safe but will get more regulations to keep it […]
Great news! The odds of a housing correction are soaring and people might lose a lot of cash — but the banks will be fine. That was a key takeaway from Bank of Canada (BoC) deputy governor Paul Beaudry today. Seriously. In a speech to the OSC, the central bank warned Canadian real estate has […]
