Federal Budget 2023…  Press the Snooze Button As promised, there would be nothing much in this year’s budget for fear of stimulating inflation. The federal government faces a challenging fiscal environment and a weakening economy. Ottawa promised it would err on the side of restraint. Instead, Finance Minister Chrystia Freeland announced a $43 billion increase […]

Further decline in inflation in February will keep the Bank of Canada on hold in April All eyes will be on the Federal Reserve tomorrow when they decide whether to hold rates steady because of the banking crisis or raise the overnight rate by 25 basis points (bps). Before the run on Silicon Valley Bank, […]

Residential Market Commentary – Housing market optimism Instability persists in the Canadian housing market, but analysts say there are signs things may start to normalize in the coming months. The Canadian Real Estate Association reports that February home sales fell 40% compared to their peak in February of last year, just before the Bank of […]

Canadian Housing Appears To Be Close To Bottoming. Housing Market Could Be Poised For a Spring Rebound 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 that it would likely pause rate hikes for the first […]

December Housing Data Ended 2022 On A Weak Note 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 for eleven consecutive months as the unprecedented rise in interest rates–up from 25 basis […]