Toronto and Vancouver lead Canada’s top-tier housing recovery by Kimberly Greene 15 Jan 2020 SHARE The usual suspects are at it again: Toronto and Vancouver led the country’s high-end market in both home prices and sales activity, according to the latest report from Sotheby’s International Realty Canada. The two largest top-tier real estate markets in Canada […]

Bank of Canada Holds Policy Rate Steady Amid Global Uncertainty It is rare for the Bank of Canada and the US Federal Reserve to announce rate decisions on the same day, but today’s announcements highlight the stark differences in policy in the two countries. The Bank this morning announced they would maintain their target for […]

Lending conditions eased in the Q3, loan officers say by Kimberly Greene 28 Oct 2019 SHARE Mortgage lending conditions continued to ease in the third quarter of 2019, while non-mortgage lending conditions tightened, according to the latest senior loan officer survey conducted by the Bank of Canada. Household lending Household lending conditions have been easing overall […]

CMHC forecasts growth in latest housing outlook by Kimberly Greene 25 Oct 2019 SHARE After seeing housing activity decline in 2018 and 2019, Canada’s housing markets are expected to recover in 2020 and into 2021, according the latest Housing Market Outlook report from Canada Mortgage and Housing Corporation (CMHC). Bob Dugan, CMHC’s chief economist, said that […]

Robust Canadian Jobs Report in September The Canadian jobs market continued to surprise on the high-side–on track for one of its best years on record. This provides further confirmation to the Bank of Canada that additional easing in monetary policy is not necessary. The economy added 53,700 jobs in September, well above expectation, taking the […]

Qualifying Mortgage Rate Falls For First Time Since B-20 Intro The interest rate used by the federally regulated banks in mortgage stress tests has declined for the first time since 2016, making it a bit easier to get a mortgage. This is particularly important for first-time homeowners who have been struggling to pass the B-20 […]

This announcement available in Autopilot as “SC 20190710 Bank of Canada Maintains Overnight Rate and Raises 2019 Forecast” French translation of this email will be available by 5pm ET July 11th Traduction de cet e-mail sera disponible 17 heures juillet 11 Bank of Canada Maintains Overnight Rate and Raises 2019 Forecast The Bank of Canada […]

Blockbuster April Jobs Report Signals The Economy Has Turned The Corner Canada posted a record job gain last month, along with a decline in the jobless rate and a pick-up in wages, providing the strongest signal yet that the economy is coming out of a six-month slowdown. Other data this week portend a rebound in […]

Federal Budget 2019–Actions for Homebuyers In its fourth fiscal plan, the Trudeau government spent its entire revenue windfall leaving the deficit projection little changed. In this election budget, Finance Minister Bill Morneau announced $22.8 billion over six years in new spending initiative mostly for homebuyers, students and seniors. Trudeau promised in his first budget to […]

This announcement is available in Autopilot as “SC 20190208 Canadian jobs surge in January as jobless rate rises to 5.8%” French translation of this email will be available by 5pm ET Feb 8. La traduction en français de cet e-mail sera disponible avant 17 h HE Feb 8. Canadian jobs surge in January as jobless […]