Canadian mortgage borrowers waiting on the central bank may be disappointed by its latest move. The Bank of Canada (BoC) cut its overnight rate by 0.25 points to 2.75% on Tuesday. Many professionals applauded the decision, believing it would improve mortgage affordability. Unfortunately, that may not be the case, as the decision boosted inflation expectations […]
The Canadian economy has outperformed the central bank’s expectations for months now. That didn’t stop the Bank of Canada (BoC) from slashing the overnight rate by 0.25 points to 2.75% this morning. Since this easing cycle began 9 months ago, the key policy rate has been reduced by 2.25 points, making it one of the […]
Canada’s economy finally got some good news on the productivity front. Statistics Canada (Stat Can) data shows labor productivity jumped in Q4 2024. It was big enough to print annual growth for the first time in years. Before getting too excited, the growth was still abysmal and experts see tariff threats potentially derailing progress in […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate What Slowdown? Canadian GDP Tops BoC Call, Past Data Gets More Revisions Canadian GDP is growing much faster than the Bank of Canada (BoC) anticipated. Statistics Canada (Stat Can) released Q4 GDP data that shows annualized growth came in nearly a point […]
Canada’s economy is doing much better than expected, led by consumer spending and real estate investment. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) growth surged in Q4 2024. The data came in significantly higher than the Bank of Canada (BoC) forecast. The agency also continued its trend of significant upward revisions […]
Canadian businesses had a rough year throughout 2024, and it didn’t get much better by year end. Statistics Canada (Stat Can) data shows a slight drop in the number of active businesses in November. Annual growth remained positive but just barely, printing the lowest rate since 2021, when the economy was locked down & restrictions […]
Canadian real estate markets kicked the year off with exceptionally weak demand. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) slipped in January. Despite a host of measures to stimulate buying, the demand measures continued to erode as sellers significantly outpaced buyers. The issue has the county’s largest markets […]
Canada’s largest bank is starting to think the economy is doing much better than previously thought. RBC wrote to investors this afternoon, outlining its expectations for the central bank’s next rate announcement. The bank’s economists expect GDP data to be more robust than previously anticipated after strong inflation data. As a result, the Bank of […]
Canadian real estate prices are climbing despite an eroding economic and population outlook. Canadian Real Estate Association (CREA) data shows prices climbed sharply in January. It wasn’t due to a tightening market, as the growth rate of new listings was 8x that of home sales. Rising prices were almost certainly due to exuberance and policymakers […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto’s Unemployed Population Hits 357k, Nearly 1 In 11 Workers Canada’s largest city is experiencing a surprising employment downturn. Toronto CMA added tens of thousands of jobs in January but added far more workers—a trend that’s been consistent for a few years […]
