Amanda's Thoughts

                                                The Market Today - January 3 2024

Posted on Jan 03, 2024 in Amanda's Thoughts

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In the first nine months of 2023, the country experienced its highest population growth since 1867, with over a million people added. Statistics Canada reported an increase of 430,635 individuals from July to October, marking a 1.1% boost, the highest quarterly growth rate since Q2 1957. This overall growth sur...

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The Interest Rates remained the same... see what I think will happen next.

Posted on Dec 11, 2023 in Amanda's Thoughts

The Bank of Canada has maintained its interest rate at 5.0% for the third consecutive time, indicating a pause in further increases. The decision was based on factors such as the impact of higher rates on spending, a balanced economy, and a general economic slowdown reducing inflationary pressures. While the possibility of future hikes exists, pred...

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Is the Bank of Canada ready to cut Interest Rates?

Posted on Dec 04, 2023 in Amanda's Thoughts

Recently, I attended a real estate conference in Toronto where I had the chance to connect with top producing realtors nationwide. We had the opportunity to learn about best practices, technology and economics. Benjamin Tal, Deputy Chief Economist at CIBC, shared a 45-minute overview of the current market. Here's a quick summary in four key points...

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What is a "Trigger Rate"?

Posted on Jul 10, 2023 in Amanda's Thoughts

The Relationship Between Interest Rates and Mortgage Payments:

The monthly payment remains fixed for variable-rate mortgage holders even as interest rates rise. However, as the payment's interest portion increases, less money is allocated toward paying off the principal amount. Eventually, a point is reached where the entire payment goes towards cov...

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