Residential Market Commentary – BoC sings same song

General Bob Rees 13 Dec

Thank you to our preferred partners at First National for the below insight 🙂   Residential Market Commentary – BoC sings same song Dec 13, 2021 First National Financial LP The Bank of Canada has made its final rate announcement of the year and it ended where it started – holding at 0.25%. The December […]

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Bank of Canada maintains policy rate and forward guidance

General Bob Rees 9 Dec

Hot off the press!  The Bank of Canada met today and below is a link to their decision.  In summary, Prime Rate was unchanged and their next meeting will happen in the short term on January 26, 2022.  If you have a variable mortgage or line of credit, this is great news (no change) as […]

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Canadian Economy Bounced Back Sharply In Q3

General Bob Rees 30 Nov

Thank you Dr Cooper for the insight!   Canadian Economy Bounced Back Sharply In Q3 In line with the Bank of Canada’s forecast, the economy rebounded sharply in the third quarter following the weak performance in Q2. Stats Canada announced this morning that GDP grew by a whopping 5.4% in Q3 following the downwardly revised […]

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Inflation Surge Is No Need For Hysteria

General Bob Rees 17 Nov

Why does it feel like a carton of eggs and a litre of milk costs $100 these days? ……..  Dr Cooper explains     Inflation Surge Is No Need For Hysteria StatsCanada today reported that consumer price inflation rose to 4.7% from year-ago levels in October, compared to 4.4% in September. This is in line […]

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Home Sales Surge in October

General Bob Rees 15 Nov

Thank you Dr Cooper!   Home Sales Surge in October Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose a whopping 8.6% in October, its most robust month-over-month pace since July 2020, when the first lockdown eased briefly. This was on the heels of a modest uptick in September–the first gain since […]

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General Bob Rees 8 Nov

Thank you to our preferred parnters at First National!   Nov 8, 2021 First National Financial LP The Bank of Canada is clearly signaling its intention to raise interest rates as early as the middle of next year.  That has many market watchers forecasting a surge in home purchases and prices in the coming months.  […]

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A More Normal Jobs Report In October

General Bob Rees 5 Nov

A More Normal Jobs Report In October Statistics Canada released the October Labour Force Survey this morning, reporting a slowdown in employment growth from the blockbuster pace of recent months. While some commentators were disappointed in the results, I have a more positive take. Canada returned its pre-pandemic level of employment in September ahead of […]

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Prices are Rising Everywhere–Transitory Can Last A Long Time

General Bob Rees 20 Oct

We can all relate to the recent rise in inflation …. it seems like s jug of milk and a loaf of bread coast $30 these days.  Below explains …..     Prices are Rising Everywhere–Transitory Can Last A Long Time Today’s release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation […]

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Canadian Home Prices Continued to Rise As Insufficient Supply Creates Excess Demand

General Bob Rees 15 Oct

Thank you for the great summary Dr Cooper!       Canadian Home Prices Continued to Rise As Insufficient Supply Creates Excess Demand Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.9% between August and September 2021, posting the first monthly gain since March (see chart below). On a year-over-year (y-o-y) […]

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