Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Economists Are Skeptical of Job Strength, Discouraged Workers Jump 44% Canada’s job market continues to grow but economists warn context is important. The country added 64k jobs in September, which would have been a blowup job report pre-2020. A recent population […]
Canada’s fast-rising bond yields just hit hyperdrive and they’re now rising even faster. Government of Canada (GoC) bond yields surged across the board on Tuesday. The move will drive mortgage costs higher, especially 5 year fixed rates with the corresponding government bond hitting the highest rates since 2007. There’s just one issue—back then, the rate […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Rates To Go Higher For Longer As Banks See Smaller Cuts Canadian mortgage borrowers may want to brace themselves for even higher interest costs. The Government of Canada (GoC) 5-year bond yield continues to climb rapidly, with this month representing […]
Canadians waiting for interest rates to fall might be a little disappointed. The Government of Canada (GoC) 5-year bond yield popped to a new multi-year high again. The yield is an important measure for the market, influencing the cost of similar length mortgages. They aren’t alone—almost all bond yields are rising under the same conditions, […]
Canada’s soaring inflation and expensive real estate are weighing on its small businesses. Statistics Canada (Stat Can) data shows a sharp drop in active businesses in June. A combination of more closures and fewer openings has wiped over a year of progress. There have been many warnings that this problem is brewing, and it’s expected […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Rates Set To Rise As Yields Go “Higher For Longer”: BMO Global bond yields are rising, and they’re about to take Canadian mortgage rates with them. The Government of Canada (GoC) 5-year bond hit a multi-year high, and other yields […]
Canadians have seen mortgage interest costs climb sharply, and they’re going to need to get used to it. The Government of Canada (GoC) 5-year bond yield opened at a multi-year high on Friday, hitting levels last seen in 2007. It’s not the only bond yield popping higher, and that means mortgage borrowers should brace for […]
Canadian inflation is heading in the wrong direction as rising energy costs return. The Statistics Canada (Stat Can) Consumer Price Index (CPI) shows annual growth accelerated in August. It was the second month inflation accelerated, leading to the loss of the briefly-held title of “lowest inflation in the G7.” Economists expect inflation to continue rising […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Balancing In A “Meaningful” Way, Pause Unlikely To Boost Market: BMO The Canadian real estate market is back to cooling after a brief jump in activity post-rate pause. Existing home sales fell, and new listings have been climbing to […]
Canada’s labor market revealed yet another sign of cooling. Statistics Canada (Stat Can) data reveals involuntary part-time workers were on the rise in August. Involuntary workers have increasingly represented a share of part-time workers, hitting a nearly two-year high. The data reveals the overheated economy is quickly normalizing, an interesting potential headwind for overheated asset […]
