Canadian Economic Resilience
January 22, 2022Canadian Economic Resilience presentation for REIN (Real Estate Investment Network).
December Home Sales Top Off Record Year
January 17, 2022Housing 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 been woefully constrained by local zoning and city planning issues. […]
Strong December Jobs Report in Canada
January 7, 2022Another Strong Jobs Report In December Statistics Canada released the December Labour Force Survey this morning, reporting employment gains of 54,700 last month–double market expectations. The unemployment rate fell to 5.9% from the 6.0% rate posted in November and is only 0.2 percentage points above the 5.7% rate posted in February 2020 before the pandemic began. More people were working full-time […]
Canadian Homebuyers Trying To Beat Rate Hikes
December 15, 2021Housing 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 the Bank of Canada hikes interest rates next year.Across […]
Canadian Economic and Fiscal Update
December 14, 2021Federal Fiscal Update: Canada Has Weathered The Pandemic Storm Relatively Well Finance Minister Chrystia Freeland extolled the performance of the Canadian economy in response to the extraordinary support provided by the federal fiscal authorities and the Bank of Canada in the past 21 months. The economic recovery has been the second strongest in the g-7, and the death rate from […]
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