Residential Market Commentary – Banking regulator gauges risk

General Bob Rees 25 Apr

Thank you to our partners at First National for the below update.   Canada’s federal banking regulator has released its second, Annual Risk Outlook.  The Office of the Superintendent of Financial Institutions (OSFI) is looking at whether to extend its mortgage guidelines, with an eye to reducing risk. OSFI has identified, what it considers, nine […]

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Federal Budget 2023…Press the Snooze Button

General Bob Rees 28 Mar

Thank you Dr Copper for the summary 🙂     As promised, there would be nothing much in this year’s budget for fear of stimulating inflation. The federal government faces a challenging fiscal environment and a weakening economy. Ottawa promised it would err on the side of restraint. Instead, Finance Minister Chrystia Freeland announced a […]

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Housing Correction Continued In October

General Bob Rees 16 Nov

Housing Correction Continued In October   Statistics released today by the Canadian Real Estate Association (CREA) show home sales were up 1.3% on a month-over-month basis in October. Still, monthly activity remained a whopping 36% below the October pace in 2021. The housing correction continues in response to the Bank of Canada’s massive rate hikes, […]

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Bank of Canada signals a slowdown

General Bob Rees 1 Nov

Thank you to our Partners at First National for the below insight! Residential Mortgage Commentary – Bank of Canada signals a slowdown Oct 31, 2022 The Bank of Canada has pushed interest rates up again, but the increase came in at the lower end of expectations. The Policy Rate rose by one-half of a percentage […]

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Bank of Canada Will Not Be Happy With This Inflation Report

General Bob Rees 19 Oct

Thank you to our Chief Economist, Dr Sherry Cooper for the below.  HOWEVER, I’m curious how effective increasing Prime Rate is on reducing inflation if the Federal Government continues its spending and printing of money ……. that might be the real question we should be asking?   Bank of Canada Will Not Be Happy With […]

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