Avoid Costly Mistakes When Building a New Home

General Kim Stenberg 28 Nov

Building a new home is a super exciting endeavor as you opt to create the perfect space for you and your family. However, building a home is not without its costs and potential surprises… to mitigate bumps on your homebuilding journey and avoid costly mistakes, consider the following tips: Set a Realistic Budget When building […]

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Canadian Inflation Fell to 3.1% (y/y) in October, Ensuring the Bank of Canada Holds Rates Steady

Latest News Kim Stenberg 23 Nov

GOOD NEWS on the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report showed a continued improvement, mainly due to falling year-over-year (y/y) gasoline prices. The October Consumer Price Index (CPI) rose 3.1% y/y, down from the 3.8% rise in September. There were no surprises here, so markets moved little on the news. Excluding […]

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Canadian Inflation Dips to 3.8% Keeping BOC on the Sidelines

Latest News Kim Stenberg 19 Oct

Good News on the Inflation Front Suggests Policy Rates Have Peaked 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 so did the core measures of inflation on a year-over-year basis and a three-month moving average basis. This, in […]

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Strong September Jobs Report Will Test Bank of Canada’s Patience

Latest News Kim Stenberg 11 Oct

Canadian employment rose by a whopping 63,800 in September, tripling market expectations. The underlying data put the strong job growth into perspective. Most of the gains in overall employment were in part-time work, and total hours worked declined by 0.2%.  Moreover, the unemployment rate held steady for the third consecutive month at 5.5% due to […]

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Rate Hikes Off the Table with Weak Q2 GDP Growth in Canada

Latest News Kim Stenberg 1 Sep

The Canadian economy weakened surprisingly more in the second quarter than the market and the Bank of Canada expected. Real GDP edged downward by a 0.2% annual rate in Q2. The consensus was looking for a 1.2% rise. The modest decline followed a downwardly revised 2.6% growth pace in Q1. (Originally, Q1 growth was posted […]

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CPI Inflation Falls to 2.8% — Inside the BoC’s Target Range

Latest News Kim Stenberg 19 Jul

Canadian Inflation Falls Within Bank of Canada’s Target Range; Food and Shelter Costs Remain High June inflation data released today by Statistics Canada showed that the Consumer Price Index (CPI) rose 2.8% year-over-year (y/y), slightly below expectations. This was the lowest CPI reading since February 2022. The decline in inflation was mainly due to lower energy […]

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June Home Sales in Canada Slowed as Priced Edged Downward

Latest News Kim Stenberg 17 Jul

Bank of Canada June Rate Hike Spooks the Housing Market   The Canadian Real Estate Association says the BoC’s surprise rate hike in early June cooled activity following a two-month solid start to the spring housing season. Home sales posted a 1.5% gain between May and June, tepid by recent standards. Sales were up in June […]

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BANK OF CANADA RATE HIKES RATE BY 25 bps – HIGHEST IN 22 YEARS

Latest News Kim Stenberg 13 Jul

Interest Rates Will Stay Higher for Longer The Bank of Canada increased the overnight policy rate by 25 basis points this morning to 5.0%, its highest level since March 2001. Never before has a policy action been so widely expected. Still, the Bank’s detailed outlook in the July Monetary Policy Report (MPR) suggests stronger growth […]

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It’s a Close Call Which Way the Bank of Canada Will Go

Latest News Kim Stenberg 10 Jul

Employment growth last month came in at a whopping 60,000 jobs, tripling expectations, and most of those net new jobs were for full-time workers. As our population grows, more people are available to fill job vacancies. Employment rose in wholesale and retail trade (+33,000), manufacturing (+27,000), health care and social assistance (+21,000) and transportation and […]

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