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Posted by: Adriaan Driessen
Industry & Market Highlights CMHC The Bank of Canada left the overnight benchmark policy rate at 1-3/4%, as expected. In another dovish statement, the Bank of Canada acknowledged a slowdown in global economic activity and highlighted that oil prices are roughly 25% lower than what they had assumed in the October Monetary Policy Report (MPR). […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Behind Us – Ahead of Us Thank you for a wonderful and crazy year. It is a privilege to be part of your beautiful lives. Wishing you and your loved ones a wonderful Christmas holiday season and a prosperous new year! End of the year is […]
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Industry & Market Highlights Bank of Canada key interest rate announcement The Bank of Canada left its key interest rate unchanged, as expected, at 1.75 per cent. This announcement came in the wake of a move by the Alberta government to curtail oil production in the province after Jan. 1 to try to clear a […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights CMHC forecasts higher rates, slower housing The conditions are right for further interest rate increases and that will blunt home sales and slow price acceleration. The Canada Mortgage and Housing Corporation predicts the economy will continue to grow at a moderate pace well into next year. The […]
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Industry & Market Highlights The short break in interest rate increases may be over Over the past few months rates have held steady and gave home owners a reprieve in the increasing mortgage interest rate market. After the official announcement of a trilateral trade agreement with Canada, the U.S. and Mexico, and the US Federal […]
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Industry & Market Highlights CMHC 2018 Consumer Survey CMHC’s 2018 Consumer survey provides insights to what consumers are doing in the mortgage and real estate industry. Link here. MPC Mortgage Professionals Canada Q3 Housing Market Digest Get third quarter housing market information for Canada and each region including resale market data, housing stats, employment trends […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights CMHC releases Sept. housing starts data The annual pace of Canadian housing starts fell to their lowest level in nearly two years in September. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate came in at 188,683 units last month, down from 198,843 in August. […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights The short break in interest rate increases may be over Over the past few months rates have held steady and gave home owners a reprieve in the increasing mortgage interest rate market. After the official announcement of a trilateral trade agreement with Canada, the U.S. and Mexico, […]
Read MorePosted by: Adriaan Driessen
Industry & Market Highlights Poloz Holds The Line On Rates As expected, the Bank of Canada held its key overnight rate this morning at 1.5%, asserting that July’s surprising spike in CPI inflation to 3% was in large part because of a jump in airfares. The Bank expects inflation to move back towards 2% in […]
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Industry & Market Highlights Market improvements as expected Improvements in the housing market that were forecast for the second half of this year appear to be materializing. The July numbers from the Canadian Real Estate Association show a sales increase of 1.9% in July over June. June was up more than 4% from May. Year-over-year, […]
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