Canadians are returning from their tax holiday to find inflation trashed the place while they were gone. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) surged in February. An uptick was already expected due to temporary suppression from the tax holidays, but broad inflation has now appeared. The rate was already set […]
Canadian home price growth continues to accelerate despite further demand erosion. Canadian Real Estate Association (CREA) data shows home prices jumped in February. The increase was accompanied by sales making the sharpest drop in years—easing inventory pressures even further. That’s not how this traditionally works. Canadian Real Estate Prices Made Sizable Gains Last Month The […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Rate Cut Is Driving Mortgage Costs Higher Canadians looking forward to cheaper debt from mortgages may be a little disappointed. Earlier this week, the Bank of Canada (BoC) slashed its key policy rate by 0.25 points to 2.75%, hoping […]
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 […]
Canadian household debt has been showing big improvements. A combination of rate hikes that slowed borrowing, and recent rate cuts are delivering repayment relief. Before popping that bottle of HELOC-finance champagne, this may be the calm before the storm, warns BMO. Several economic headwinds, primarily the trade war, are set to hit households. The central […]
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 next leader hasn’t officially assumed the role, but he’s already looking to stimulate real estate. Last week, Vancouver’s “Condo King” Bob Rennie revealed that he is working with newly-minted LPC leader Mark Carney. The two are considering a plan that would see the country’s state-owned mortgage insurer use taxpayer resources to attract foreign investment […]
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 […]
