2024 rate-cut forecasts being revised following today's mixed-bag jobs report
2/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ...
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Bank of Canada's rate-cut timing uncertain as economic growth beats expectations
1/31/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ...
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12/8/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada’s banking regulator today announced no change to the amount of capital banks must keep on hand to cover potential future losses. ...
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Investment in residential construction was flat in January
3/24/2020 | Posted in New Developments by Jessi Sandhu
Building construction investment in Canada edged higher in January with a 0.5% rise compared to the previous month. ...
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How much does the average Canadian family earn?
2/27/2020 | Posted in Canada Living by Jessi Sandhu
In 2018, the median after-tax income of Canadian families and unattached individuals was $61,400. ...
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Real estate, construction helps boost Canadian economy
2/3/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries. ...
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Canadian home prices accelerated in 2019 says Statistics Canada
1/30/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Quarterly price trend report shows most major markets posted gains. ...
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11/25/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey. ...
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Newcomers represent one in five home purchases in Canada
10/16/2019 | Posted in Canadian Housing Market by Jessi Sandhu
This demographic is likely to account for nearly 700,000 home sales over the next five years. ...
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Canadian mortgage debt growth continues unabated
10/10/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ...
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Mortgage interest cost index slows but cost of living remains higher
10/21/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The cost of living was higher across many products and services in September. ...
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There was a 19% jump for multifamily building permits in August
10/8/2019 | Posted in New Developments by Jessi Sandhu
The value of building permits issued by Canadian municipalities rose 6.1% to $9.0 billion in August, largely because of increases in multi-family and industrial permits. Gains ...
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Canadians more likely to be homeowners, have a mortgage
8/9/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada. ...
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Investment in multifamily construction reaches new heights
6/24/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The residential construction sector led the gains for overall Canadian construction investment in April, the latest month of figures released by Statistics Canada. ...
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Latest stats make interest rate hikes highly unlikely in 2019
5/1/2019 | Posted in Interest Rates by Jessi Sandhu
The latest reading of Canada’s economy brings both good and bad news for the housing market. ...
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First growth for construction sector in 8 months, best since 2013
4/1/2019 | Posted in Real Estate Market by Jessi Sandhu
The start of 2019 saw an uptick for Canada’s construction sector as both residential and non-residential posted gains; and a stronger showing for real estate brokerages. ...
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Multifamily building permits hit a record high in December
2/11/2019 | Posted in Commercial Real Estate by Jessi Sandhu
The total value of building permits issued by Canadian municipalities was up 6% (month-over-month) in December to $8.8 billion, with multifamily and commercial intentions taking ...
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Canadian retail will be a great investment destination in 2019
11/28/2018 | Posted in Commercial Real Estate by Jessi Sandhu
Canadian commercial property sales activity will remain robust over the near term, against a backdrop of positive overall sector performance. ...
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Multifamily sector leads investment in construction
11/26/2018 | Posted in Real Estate Investments by Jessi Sandhu
Investment in Canada’s building construction edged 0.3% higher in September compared to the previous month. ...
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Mortgage growth slowed in Q2 says StatsCan
9/13/2018 | Posted in Real Estate News by Jessi Sandhu
Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact. ...
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Canada building permits fall in June on weak residential sector
8/8/2018 | Posted in Canadian Housing Market by Jessi Sandhu
The value of Canadian building permits unexpectedly dropped by 2.3 percent in June from May on weakness in the residential sector, Statistics Canada data indicated on Wednesday. ...
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Majority of Canadians blame foreigners for price spikes
7/4/2018 | Posted in Foreign Buyers by Jessi Sandhu
Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC. ...
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Mortgage borrowing slides to lowest since 2014
6/14/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ...
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Non-residential permits up 4.5%
5/14/2018 | Posted in Commercial Real Estate by Jessi Sandhu
The value of permits issued for non-residential structures was $3.0 billion in March, up 4.5% from February (which had posted a 6.4% decline) according to Statistics Canada. ...
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Mortgage interest costs see biggest growth since 2009
4/27/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009. ...
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Canadian non-residential construction up 3% in Q1
4/20/2018 | Posted in Commercial Real Estate by Jessi Sandhu
First quarter investment in non-residential construction gained 3.1% compared to the previous quarter, Statistics Canada reported Thursday. ...
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Canadian dollar jumps half a cent as inflation hits three-year high, boosting chances of rate hike
3/23/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Mortgage Consumers Brace Yourselves - Chances of a hike in May rose to 82% after the data came out today. ...
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Home values boost Canadian family net worth
12/8/2017 | Posted in Financial Health by Jessi Sandhu
Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ...
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8/17/2017 | Posted in Real Estate Market by Jessi Sandhu
'Peak Millennials' (aged 25 to 30) to create strong wave of demand. National survey shows while the peak millennial dream to own property is very strong, ...
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Canadian household debt hits another record in fourth quarter
3/15/2017 | Posted in Financial Health by Jessi Sandhu
The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household ...
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