6 Mar

No Recession in Canada, as Q4 GDP Growth Rose 1%

General

Posted by: Jen Lowe

  The Bank of Canada Holds Rates Steady Until Core Inflation Falls Further Today, the Bank of Canada held the overnight rate at 5% for the fifth consecutive meeting and pledged to continue normalizing the Bank’s balance sheet. Policymakers remain concerned about risks to the outlook for inflation. The latest data show that CPI inflation […]

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29 Feb

Still No Recession In Canada Thanks to Huge Influx of Immigrants

General

Posted by: Jen Lowe

Real gross domestic product (GDP) rose a moderate 1.0% (seasonally adjusted annual rate), a tad better than expected and the Q3 contraction of -1.2% was revised to -0.5%. This leaves growth for 2023 at a moderate 1.1%. Monthly data, also released today by Statistics Canada, showed that December came in flat, well below the robust […]

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26 Feb

BC Budget Updates Feb 2024

General

Posted by: Jen Lowe

The BC NDP Government has been active to start 2024. Last week, the provincial budget was tabled, and a couple big changes are coming to the real estate market. Updates to the Property Transfer Tax (PTT) Framework The 2024 provincial budget the BC Government is making three significant changes to the PTT Framework 1. Increase […]

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20 Feb

Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects

General

Posted by: Jen Lowe

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, […]

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1 Feb

First-Time Homebuyer Timeline: A Roadmap to your New Home

General

Posted by: Jen Lowe

Navigating Your Path to Homeownership: A First-Time Homebuyer’s Guide Embarking on the journey to homeownership is an exciting endeavor, but it can also be complex and overwhelming, especially for first-time buyers. As your trusted mortgage broker, I have crafted a comprehensive timeline to guide you through each step of the process. Let’s turn your dream […]

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16 Jan

Canadian Inflation Rises to 3.4% Y/Y In December

General

Posted by: Jen Lowe

  January 16, 2024 Canadian Inflation Rises to 3.4% Y/Y In December. a bumpy road to the inflation target Canada’s headline inflation number for December ’23 moved up three bps to 3.4%, as expected, as gasoline prices didn’t fall as fast as a year ago. These so-called base effects were also evident in the earlier […]

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8 Jan

Brisk Gains in the Job Market will keep the BoC Watchful!

General

Posted by: Jen Lowe

Brisk Wage Gains in December Will Keep The BoC Watchful Today’s StatsCanada Labour Force Survey for December was a mixed bag and far more robust than the weak headline figure suggests. Total employment in Canada barely budged, rising by a mere 100 jobs in the final month of last year. However, the labour force participation […]

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19 Dec

Stronger-Than-Expected Canadian Inflation Will Keep The BoC On The Sidelines For Now

General

Posted by: Jen Lowe

Stronger-Than-Expected Canadian Inflation Will Keep The BoC On The Sidelines For Now. inflation held steady in november Today’s inflation report was stronger than expected, unchanged from October’s 3.1% pace. While some had forecast a sub-3% reading, the November CPI data posted a welcome slowdown in food and shelter prices. Increases in recreation and clothing offset […]

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