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...
Another Month, Another Dip in HousingBy Scott WestlakeDecember 15, 20220 comments#economicupdate #realestateprices Statistics released ...Read more...