5 Dec

Winterizing Your Home

General

Posted by: Kim Stenberg

We Canadians are no strangers to the chill of the winter season! As we shift into the final few months of 2023, now is a great time to check your home before the cold front hits. Below I have included a few tips that could help you save on bills, prevent future repair costs, and […]

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30 Nov

Economic Slowdown: The Table is Set for Rate Cuts in 2024

Latest News

Posted by: Kim Stenberg

Q3 GDP Weaker Than Expected Paving the Way for Future Rate Cuts The Canadian economy weakened far more than expected in the third quarter, down 1.1% annually. However, the Q2 figures were revised up significantly from a 0.2% decline to a rise of 1.4%. Such are the vagaries of economic data. The Canadian economy is […]

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28 Nov

Avoid Costly Mistakes When Building a New Home

General

Posted by: Kim Stenberg

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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23 Nov

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

Latest News

Posted by: Kim Stenberg

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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19 Oct

Canadian Inflation Dips to 3.8% Keeping BOC on the Sidelines

Latest News

Posted by: Kim Stenberg

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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11 Oct

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

Latest News

Posted by: Kim Stenberg

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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1 Sep

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

Latest News

Posted by: Kim Stenberg

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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19 Jul

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

Latest News

Posted by: Kim Stenberg

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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17 Jul

June Home Sales in Canada Slowed as Priced Edged Downward

Latest News

Posted by: Kim Stenberg

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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