The recent cut by the Bank of Canada, bringing the key interest rate down to 4.5%, signals a promising shift in the economic landscape 📉. Governor Tiff Macklem emphasized that if inflation continues to ease, we can anticipate further reductions 📊. Following a similar cut last month, this move highlights a positive trend that can significantly impac...
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...
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...
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...