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...
Interest Rates Will Stay Higher For LongerBy Scott WestlakeJuly 13, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy ...Read more...
It's a Close Call Which Way the Bank Will GoBy Scott WestlakeJuly 8, 20230 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates #economy Employment growth last month came in at a whopping 60,000 ...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...
Holy Smokes, The Bank of Canada Means BusinessBy Scott WestlakeJune 8, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy If there were any doubt that the Bank of Canada wanted inflation to fall to 2%, it would be obliterated today. In a relatively surprising move, the Bank hiked the overnight policy ...Read more...
The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% InflationBy Scott WestlakeApril 12, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy ...Read more...
Bank of Canada Not Happy With Another Strong Jobs ReportBy Scott WestlakeApril 7, 20230 comments#inflation #boc #interestrates #jobs This morning’s Jobs Report was again solid. Job creation, though more tempered than in earlier months, is still robust. The unemployment rate remained at 5.0% for the fourth ...Read more...
Housing Market Could Be Poised For A Spring ReboundBy Scott WestlakeMarch 16, 20230 comments#housing #interestrates #housingtrends #ecoomicupdate The Canadian Real Estate Association says home sales in February bounced 2.3% from the previous month. Homeowners and buyers were comforted by the guidance from the Bank of Canada ...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...
The Bank of Canada Holds Rates Steady Even As the Fed Promises to Push HigherBy Scott WestlakeMarch 8, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates As expected, the central bank held the overnight rate ...Read more...
Bad News Is Good News for the Bank of CanadaBy Scott WestlakeMarch 2, 20230 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates Statistics Canada released the real gross domestic product ...Read more...
December Housing Data Ended 2022 on a Weak NoteBy Scott WestlakeFebruary 15, 20230 comments#housing #interestrates #housingtrends #ecoomicupdate The Canadian Real Estate Association says home sales in January were the lowest for the month since 2009 and fell 37.1% from a year ago. The Canadian housing market has been sliding ...Read more...
The Bank of Canada Won't Like This Inflation ReportBy Scott WestlakeDecember 23, 20220 comments#boc #inflation #interestrates November's CPI inflation rate fell only one tick to 6.8%, ...Read more...
Advise For First Time Home BuyersBy Scott WestlakeDecember 15, 20220 comments#FTHB #firsttimehomebuyer #homebuyer #homebuying #interestrates First-time home buyers may be feeling a mix of excitement and anxiety as they begin the journey towards homeownership. There are many steps to the home buying process, and it can be overwhelming to think about all the things you need to consider and do. But don't worry! With a little ...Read more...
Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada's 50bps hikeBy Scott WestlakeDecember 7, 20220 comments#BNN #bloomberg #SW #DLC #interestrates #inflation Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada's 50bps hike. She says the central bank will need to see the labour market cool and that it will likely not pivot to rate cuts until 2024. Link to Dr. Sherry ...Read more...