From recent insights shared by Better Dwelling, Canada’s economy is defying expectations with a robust growth spurt. Let’s delve into the unexpected surge in GDP, its potential impact on interest rates, and what it implies for 2024 forecasts.
Continue reading →Economy
Bank of Canada Divergence from Federal Reserve: Implications for Real Estate
In an ever-changing economic landscape, discussions are intensifying around potential policy disparities between the Bank of Canada (BoC) and the US Federal Reserve, particularly regarding Bank of Canada divergence. As the American economy forges ahead, the Canadian economy is on a divergent path, sparking discussions about separate routes. This shift has the potential to significantly impact homeowners, homebuyers, and sellers in the real estate market.
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT DEC 9TH, 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week.
Continue reading →Largest Real Estate Markets See Unemployment Improvement
According to Daniel Wong’s Better Dwelling article, Vancouver’ unemployment rate is back in the single digits. Last October the unemployment rate was 5% while this October the rate is down 1.4% from September and currently sits at 9.7%.
Continue reading →WHAT WILL MORTGAGE FINANCING LOOK LIKE IN 2021?
There is no doubt that 2020 was one for the books. It will be remembered as a year like no other. COVID-19 has caused significant national economic disruption, to say
Continue reading →Strong Recovery Continues for BC Housing Markets
“The strong recovery in sales activity continued in July,” said BCREA Chief Economist Brendon Ogmundson. “Increased demand for more living space combined with an undersupplied market is producing significant upward pressure on home prices, particularly in the market for single-family homes.”
Continue reading →Canadian Inflation (Apr) – May 20, 2020
Canadian inflation, as measured by the Consumer Price Index (CPI) fell by 0.2 per cent in April year-over-year, down from a 0.9 per cent gain in the previous month. This was the first year-over-year decline in the CPI since September 2009.
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