A big Canadian real estate brokerage upgraded its price forecast, despite rising rates. Royal LePage now sees home prices rising 15.0% in 2022, an upgrade from the 10.5% previously forecast. Similar gains are seen for Toronto (16.5%), Montreal (12.5%), and Vancouver (15.0%) real estate, as well. It’s a fairly big jump for home prices that […]
Canadian households were hit with the fastest rise in living expenses in over 3 decades. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth for March was the highest in over 31 years. High crude oil prices have been the focus of most media attention, but the issue is much more […]
It’s time to take off the training wheels for Canada’s economy, which is now looking overstimulated. That’s the take from BMO‘s Douglas Porter, who sees stimulus coming to an end as early as this week. The Bank of Canada (BoC) is increasingly looking out of touch with reality. BMO, amongst others, now sees no justification […]
