Welcome to our latest blog post, where we delve into the much-anticipated January 2024 inflation numbers and their potential impact on the financial landscape in Canada. With an unexpected twist in...
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Economic
Dive deep into the world of economics as it pertains to mortgages. Explore market trends, monetary policies, and global factors influencing home loan rates and opportunities. Unravel the intricate web of economic forces that shape your mortgage journey.
A Valentines Day Reprieve to Rates
As investors and market observers enjoyed a slight easing in bond yields on Valentine's Day, the bond market's recent movements have sparked discussions and hopes for a more stable future. With...
Bond Yields Now Rising: 2024 US Data Explains Why
In the ever-fluctuating world of finance, the recent trends in bond yields have captured the attention of economists and investors alike. Since October, there has been a notable downward pressure on...
Bank of Canada Confident No More Rate Hikes
In November, Canada's inflation rate remained unchanged from October at 3.1%, as reported by Statistics Canada. This is higher than the 2.9% anticipated by economists, and still higher than the Bank...
When are the Rate Cuts? Bank of Canada
Governor Tiff Macklem of the Bank of Canada, in a recent interview with BNN Bloomberg signalled a potential shift in monetary policy, with rate cuts anticipated in 2024. This change hinges on...
More Reasons the Bank of Canada will Begin Lowering Its Rate
As the world grapples with economic uncertainty, the decisions of central banks play a pivotal role in shaping the financial landscape. Recently, the United States Federal Reserve's decision to hold...
Ben Tal: Bank of Canada Rate Hikes Over
The Bank of Canada, in its latest announcement, left its policy rate unchanged, signaling a probable end to its rate-hiking path. This decision, influenced by cooling inflation, rising unemployment,...
Inflation Trend Points to Lower Mortgage Rates
Since 2021, Canada (and the world) has been grappling with a critical economic challenge: inflation. As one of the primary concerns for both policymakers and citizens, understanding its trajectory...
US Inflation Dips Lower Than Expected!
In the ever-interconnected global economy, the ripple effects of economic indicators in one country can significantly impact the financial landscapes of others. This reality is especially true for...
Mortgage Rates and both Canadian & US Bond Yields
In the last few weeks, there have been significant developments in the U.S. financial market, especially concerning the U.S. Treasury Auction, which have wider implications on global financial...
Scary GDP Numbers for Halloween: Is Canada Heading into an Economic Nightmare?
The Big, Scary ZERO. Canada’s GDP growth (or lack thereof) is proving to be more than a little disconcerting. A 0% growth rate, as the numbers currently stand, means that the Canadian economy is not...
BMO: Bank of Canada will wait until Q3 2024 to drop rates
BMO Economics, yesterday released a revised forecast regarding the anticipated Bank of Canada (BoC) rate drops for the year 2024. The updated forecast suggests a more conservative outlook, now...
Canadian Bonds reach 16 Year High Pushing Fixed Mortgage Rates Up
Since the inflation data released last week, Government of Canada bond yields have surged to a 16-year high, setting the stage for an increase in fixed mortgage rates. This surge in bond yields has...
August Inflation Data and Mortgage Rates
Inflation in Canada has roared back with a vengeance, akin to a dragon-breathing fire, reaching an annual rate of 4.0% in August 2023, a significant jump from July's 3.3%. These numbers have sent...
Bank of Canada Governor Speaks in Calgary
Last week, I was fortunate enough to attend an event hosted by the Calgary Chamber of Commerce featuring Tiff Macklem, the Governor of the Bank of Canada. In his presentation, Governor Macklem...
Discussing the Rate Announcement with Realtor Jay Lewis
Right after the September 6, 2023 Rate Announcement by the Bank of Canada, Josh Tagg with Mortgages for Less and Jay Lewis with ReMax Excellence in Edmonton got together to discuss this...
Desjardins: Canada May Enter Recession until 2024
The global economic landscape is an ever-evolving terrain, with various factors and indicators influencing its trajectory. One Desjardins Bank recently released a report highlighting concerning...
Are Interest Rates about to DROP?
In a surprising turn of events, Canada's 5-year bond yields have retreated below the 4% threshold, marking a significant departure from their recent trajectory. Since August 13th of this year, these...
Alberta Housing Market: July 2023
The Alberta housing market has been a topic of keen interest for both residents and real estate enthusiasts alike. As we delve into the latest statistics and insights provided by Sagen, one of...
Canada’s July Inflation Surges Past Expectations, Reaching 3.3%
In a frustrating turn of events, Canada's inflation rate for the month of July has surpassed market expectations, ringing in at 3.3% instead of the anticipated 3.0%. This unexpected increase,...
Canada’s Disappointing Growth Data from Q2 2023 May Halt Bank of Canada’s September Interest Rate Hike
Canada's economic growth figures for the second quarter of 2023 have been labeled as "disappointing" by economists, casting doubt on whether the Bank of Canada will proceed with its planned interest...