Holy Smokes! Canadian Inflation Spikes to 6.7% in March

General Robyn McLean 20 Apr

Today’s look at the most recent economic data that affects the housing market in Canada from Dr. Sherry Cooper, Chief Economist at Dominion Lending.  StatsCanada today reported that consumer prices rose a whopping 6.7% year-over-year in March, a full percentage point above the 5.7% reading the month before. Market-driven interest rates shot up on the […]

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Jump In Bank of Canada Policy Rate

General Robyn McLean 13 Apr

Valuable insight on today’s Bank of Canada rate hike annoucement from Dr. Sherry Cooper, Chief Economist for Dominion Lending Centres.  Bank of Canada Hikes Rates by 50 BPs, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time […]

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This housing cycle is ending. What’s next?

General Robyn McLean 6 Apr

Some valueable insight from Kevin Skipworth, Chief Economist at Dexter Realty The sales super cycle that the Metro Vancouver housing market has been in for two years is ending. It is nearly over in Fraser Valley, where March sales were down 22.5% from a year earlier and average prices dropped nearly 6% from February 2022, […]

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 Demand pressure pushing up prices

General Robyn McLean 14 Feb

What’s really at the crux of our rising home prices??? Here’s some alueable insight from our friends at First National.  Fresh data just released from the 2021 census shows Canada is the fastest growing country in the G7.  Canada’s population jumped by 1.8 million people (5.2%) since the last census in 2016.  Much of that […]

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So you need to buy a home. Now is a good time to do so.

General Robyn McLean 4 Feb

Valuable insight from Kevin Skipworth, Chief Economist at Dexter & Associates.  “If you have the courage to begin, you have the courage to succeed.” David Viscott There have always been challenges purchasing in one of the most expensive housing markets on the planet. It is still possible, though, to find the home or investment of your […]

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Hiking rates without an increase

General Robyn McLean 1 Feb

Interest rates are on the rise. Some insight on recent moves from our friends at First National.  The Bank of Canada has, once again, held its trendsetting interest rate 0.25%.  But it has stepped off the sidelines. Expectations of a rate hike were high heading into the January 26th announcement.  Calls for an increase have been […]

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Bank of Canada maintains policy rate

General Robyn McLean 26 Jan

Today’s Bank of Canada announcement. Bank of Canada maintains policy rate, removes exceptional forward guidance FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 26, 2022 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at […]

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