Some great info from our partners at RECA!   Calgary, Alberta — The Real Estate Council of Alberta (RECA) is advising consumers to evaluate the risks of condition-free offers to purchase property.   Currently, Alberta’s real estate market is extremely competitive, with limited supply of homes for sale, meaning sellers often receive multiple offers. Home […]

  June 17, 2024 It appears the advertising slogan is true.  Canadians may well be richer than they think. A recent survey by Statistics Canada shows that household net worth in this country rose to a record high of nearly $17 trillion in the first quarter of this year. That is a 3.3%, or $548 […]

Dr Cooper  gives a C- …… very generous as I would give a solid F   “I’d give this budget a C-. That’s generous. It squanders what could have been a reduction in the budget deficit for a host of inconsequential spending measures. Worse still, it increases capital gains taxes, which might play well for […]

March 25, 2024 – Thank you to our Preferred Partners at First National for the below insight!   Canada’s realtors are hinting that home prices may have found their bottom. The February numbers from the Canadian Real Estate Association show price, as measured by the Aggregate Composite MLS Home Price Index (seasonally adjusted), was flat […]

Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects The Consumer Price Index (CPI) rose 2.9% year-over-year in January, down sharply from December’s 3.4% reading. The most significant contributor to the deceleration was a 4% decline in y/y gasoline prices, compared to a 1.4% rise the month before (see chart below). Excluding gasoline, […]

The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian economy, with inflation falling […]

Jobless Rates Hits 22-Month High–Led by Losses in Finance and Real Estate Employment Today’s StatsCanada Labour Force Survey for November was a mixed bag. Total employment gains were stronger than expected. However, the rising unemployment rate and drop in hours worked were signs of mounting economic weakness, especially in the financial and real estate sectors. […]

Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The Table Today’s StatsCanada Labour Force Survey for October was weak across the board. Total job gains were meagre, full-time jobs fell, hours worked were flat, wage inflation eased (a bit), and the unemployment rate rose. Employment changed little in October, up only 17,500 (0.1%), […]

Thank you to one of our preferred partners, First National, for their summary! Bank of Canada holds its interest rate steady, publishes updated economic forecasts Today, the Bank of Canada announced that it would maintain its overnight policy interest rate at 5.00%, stating that there is “growing evidence” that past interest rate increases are dampening […]

Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report for September was considerably better than expected, ending the three-month rise in inflation. Not only did the headline inflation rate fall, but so did the core measures of inflation on a year-over-year basis and a three-month moving average basis. This, in […]