Thank you to our partners at First National for the below summary!   Jan 26, 2022 First National Financial LP   This morning in its first scheduled policy decision of 2022, the Bank of Canada left its target overnight benchmark rate unchanged at what it describes as its “lower bound” of 0.25%. As a result, […]

Thank you for the below update First National, one of our preferred / exclusive lenders    Jan 17, 2022 First National Financial LP   Inflation is running at generational highs in this country, and that is a bigger concern for Canadians than higher interest rates. Canada’s headline inflation rate – the Consumer Price Index – […]

Thank you Dr Cooper!   Housing Affordability Erodes Further With Record-Low Supply Housing affordability remains a huge political issue and with the Department of Finance working on the upcoming budget, no doubt measures to reduce home prices will be front and center. What we desperately need is dramatic increases in new housing construction, which has […]

Thank you Dr Cooper!   Housing Demand Outpaces Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.6% in November following the whopping 8.6% surge the month before. Sales could have been higher had it not been for the limited supply of homes for sale. Homebuyers are anxious to finalize purchases before […]

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 […]

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 […]

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 […]

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 […]

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 […]

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.  […]