Good News On the Inflation Front Suggests Policy Rates Have PeakedBy Scott WestlakeNovember 21, 20230 comments#economicupdate #drsherrycooper #interestrates #boc Today's inflation report showed a continued improvement, mainly due to falling year-over-year (y/y) gasoline prices. The October ...Read more...
Canadian Home Sales Slump Accelerates in OctoberBy Scott WestlakeNovember 15, 20230 comments#economicupdate #drsherrycooper #interestrates #boc Housing affordability is the number-one issue causing ...Read more...
Good News On the Inflation Front Suggests Policy Rates Have PeakedBy Scott WestlakeOctober 17, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates Today's inflation report for September was considerably better than expected, ending the three-month rise in inflation. Not only did the headline inflation rate fall, but ...Read more...
Rate Hikes Are Definitely Off The TableBy Scott WestlakeSeptember 1, 20230 comments#mortgagerates #interestrates #bondyield #economicupdate #variablerate The Canadian economy ...Read more...
Canadian Inflation Falls Within Bank of Canada's Target Range, but Food and Shelter Costs Remain HighBy Scott WestlakeJuly 19, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates ...Read more...
Strong May Housing Triggered BoC Rate HikeBy Scott WestlakeJune 16, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates The Canadian Real Estate Association says home sales in May rose 5.1% month-over-month (m/m), adding to the 11.1% gain in April. This brought the year-over-year sales gain to 1.4%, ...Read more...
Good News Is Bad News For The Bank Of CanadaBy Scott WestlakeJune 1, 20230 comments#inflation #economicupdate #rates The Canadian economy ...Read more...
US Policymakers Take Emergency Action To Protect Depositors At Failed BanksBy Scott WestlakeMarch 15, 20230 comments#economicupdate #realestateprices #boC #USAmarket #SVB #interestrates Silicon Valley Bank (SVP) had a sterling reputation among the many tech start-ups it helped to finance. What brought SVB down was an old-fashioned bank run set off in 2021 by a series ...Read more...
Canadian Labour Market Jeopardizes Rate PauseBy Scott WestlakeMarch 13, 20230 comments#economicupdate #realestateprices #boC #jobs Today's Labour Force Survey (LFS) for February was much stronger than expected, questioning how long the Bank of Canada's rate pause can last. Following the 150,000 ...Read more...
Why Are We Having So Many Mortgage ConversationsBy Scott WestlakeFebruary 24, 20230 comments#economicupdate #realestateprices We are currently experiencing a large spike in conversations with clients and referral sources about mortgages, and there are several reasons why. Here are some of the main drivers of this trend: Home values in certain markets are down: Although rates may be higher, clients are buying ...Read more...
Red Hot Labour Market Despite Rate HikesBy Scott WestlakeFebruary 10, 20230 comments#economicupdate #realestateprices #boC #jobs Today's Labour Force Survey (LFS) for January was much stronger than expected, once again calling into question how long the Bank of Canada's rate pause will last. This report ...Read more...
December Housing Data Ended 2022 On A Weak NoteBy Scott WestlakeJanuary 16, 20230 comments#CPI #economicupdate #rates #drsherrycopper #economy #employment Statistics released ...Read more...
Another Month, Another Dip in HousingBy Scott WestlakeDecember 15, 20220 comments#economicupdate #realestateprices Statistics released ...Read more...
Housing Softens Again in AugustBy Scott WestlakeSeptember 15, 20220 comments#housingupdate #economicupdate The full effects of the most recent rate hikes have not yet manifested. Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began ...Read more...
Gasoline Prices Dipped, But No Time To CelebrateBy Scott WestlakeAugust 17, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC While we are all grateful that gasoline prices declined from record highs in July, today's release of the July inflation data shows that the underlying inflation momentum remains ...Read more...
Housing Slowdown Continues in JulyBy Scott WestlakeAugust 16, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates continued in July, albeit ...Read more...