Canadian Real Estate Archives - Better Dwelling

Politicians Ask Bank of Canada To Ease On Interest Rates But They Shouldn’t

Stephen Punwasi — Fri, 27 Oct 2023 17:15:01 +0000

Canada’s leaders are beefing with the country’s central bank over affordability. Last month, Premiers notified the Bank of Canada (BoC) that rate hikes are making life unaffordable, especially when it comes to housing. The BoC fired back a warning that they shouldn’t be trying to influence a central bank. That’s technically correct, but leaves people […]

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Bank of Canada Holds Rates But Hikes Inflation Outlook

Daniel Wong — Wed, 25 Oct 2023 17:30:36 +0000

Canada’s central bank made no changes to its key interest rate but the hikes may not be over. As the market expected, the Bank of Canada (BoC) made no changes to rates this morning. Eroding consumer spending and a slow economy were amongst the reasons cited. They did raise their inflation outlook though, indicating hikes […]

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Canada No Longer Has The Lowest Inflation In The G7, Set To Accelerate

Stephen Punwasi — Tue, 19 Sep 2023 17:39:08 +0000

Canadian inflation is heading in the wrong direction as rising energy costs return. The Statistics Canada (Stat Can) Consumer Price Index (CPI) shows annual growth accelerated in August. It was the second month inflation accelerated, leading to the loss of the briefly-held title of “lowest inflation in the G7.” Economists expect inflation to continue rising […]

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This Week’s Top Stories: Canada Abandons Young Adults, & Housing Is An Inflation Risk

Better Dwelling — Sun, 27 Aug 2023 15:47:13 +0000

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP To Show Slowing Growth, Or The BoC May Hike Rates: RBC Canada’s largest bank is warning investors that the country’s economic output is slowing. RBC expects next week’s official Q2 2023 GDP growth data to show a sharp deceleration in […]

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Canadian Millennials Are Failing To Keep Up, Putting The Economy At Risk: RBC

Daniel Wong — Thu, 24 Aug 2023 15:12:49 +0000

Canada’s Millennials are doing worse than previous generations by virtually every metric. RBC Economics shared a report focusing on debt, labor, and economic risks. They found that Millennial incomes are failing to keep up in the current environment, leading to less disposable income. Boomers are doing much better, so it may sound like it all […]

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This Week’s Top Stories: Canada’s Government Spending Pushed Rates Higher, & Mortgage Costs To Rise

Better Dwelling — Sun, 30 Jul 2023 17:39:13 +0000

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgages To Surge Higher As Bond Yield Hits 16 Year High Canadian mortgage rates are set to increase as the Government of Canada 5-year bond yield hit a 16-year high. This yield directly influences the 5-year fixed mortgage rate, which is […]

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Canada’s Government Spending Helped Interest Rates Soar: BMO

Daniel Wong — Tue, 25 Jul 2023 18:50:40 +0000

Canada’s economy has been a raging inferno of excess demand, and policymakers are throwing gas on it. That was the take in a new BMO Capital Markets memo warning that Federal spending is outpacing the country’s economic output, contributing to excess demand and higher inflation. As a result, the bank warns that interest rates have […]

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Canada’s Bank Regulator Moves To Tighten Credit As Impaired Loans Surge

Stephen Punwasi — Tue, 20 Jun 2023 18:52:13 +0000

Canada’s bank regulator is growing increasingly concerned about a risk event. This morning the Office of The Superintendent of Financial Institutions (OSFI) raised the Domestic stability buffer (DSB) target 50 basis points (bps) to 3.5% of risk weighted assets (RWA). Banks subject to the buffer will have until November 1, 2023 to get it done. […]

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Canadian Households Dedicate A Record Share of Income To Debt Payments

Daniel Wong — Wed, 14 Jun 2023 20:35:53 +0000

Canadians went on a record debt binge, and are now left with one of the worst hangovers in history. Statistics Canada (Stat Can) data shows the household debt service ratio (DSR) surged to a new record high in Q1 2023. Households now dedicate a record share of income to repayment, and it’s not just due […]

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Canada Turns To AI To Help With Immigration Application Surge

Stephen Punwasi — Thu, 01 Jun 2023 20:22:40 +0000

Canada is selling itself as a global hub for immigration, and people want in—temporarily at least. Temporary resident applications surged higher in Q1 2023, according to the latest data from the IRCC, Canada’s immigration department. Despite fewer permanent resident applications, temporary resident applications have surged so quickly the agency has turned to artificial intelligence to […]

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