Hot off the press! Insight to today’s decision by the Bank of Canada about Prime Rate. In a more dovish statement, the Bank of Canada maintained its target for the overnight rate at 1.75% for the tenth consecutive time. Today’s decision was widely expected as members of the Governing Council have signalled that the Bank […]

Here is another great summary and outlook from our Chief Economist Dr Sherry Cooper. Thank you Sherry! Statistics released today by the Canadian Real Estate Association (CREA) show that national existing-home sales dipped between November and December owing to a dearth of new listings, especially in the GTA. National home sales edged down 0.9% in […]

Thank you to our friends at First National for the below information and projection 🙂 Mark your calendars for Jan 22, 2020 (next Bank of Canada Meeting) Residential Market Commentary – Jobs up. Rates steady. Jan 13, 2020 First National Financial LP The Canadian economy just keeps playing into the hands of the Bank of […]

Thank you to our economists Dr Sherry Cooper for the below 🙂 For this notoriously volatile data series, it is particularly true that ‘one month does not a trend make.’ Following last month’s dismal employment report, job growth rebounded in December, erasing almost half of the earlier decline (even more if you exclude transitory factors […]

Thank you to our Economist for the below ….. some great insight!   HUGE DECLINE IN JOBS IN NOVEMBER AS JOBLESS RATE SURGES One month does not a trend make. Statistics Canada announced this morning that the country lost 71,200 jobs in November, the worst performance in a decade. What’s more, the details of the jobs report […]

Please see below from one of Lenders, First National.  Good insight and supports prime rate remaining unchanged for some time.  Thank you First National! Dec 2, 2019 First National Financial LP The Canadian economy continues to stubbornly support the Bank of Canada’s interest rate policy.  Market watchers are pretty much unanimous in their projections that […]

Dr Cooper always does such a great job explaining the complex information around prime rate and The Bank of Canada’s rate decisions 🙂  Thank you Dr Cooper!     Bank of Canada Holds Policy Rate Steady Amid Global Uncertainty It is rare for the Bank of Canada and the US Federal Reserve to announce rate […]

Thank you to my DLC partner Kelly from BC for the below breakdown, very informative!     Mortgage [ˈmôrɡij] NOUN With a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. In the case […]

Thank you to our Chief Economist Dr Sherry Cooper!   The Canadian jobs market continued to surprise on the high-side–on track for one of its best years on record. This provides further confirmation to the Bank of Canada that additional easing in monetary policy is not necessary. The economy added 53,700 jobs in September, well […]

Some very interesting and thought provoking facts sourced from Equifax by one or our Lenders, First National.  Enjoy! Sep 16, 2019 First National Financial LP Ongoing affordability challenges and tougher mortgage qualification rules have homebuyers turning to alternative lenders, but some are also turning to alternative facts. A recent survey by credit monitoring service Equifax […]