Brisk Wage Gains in December Will Keep The BoC Watchful Today’s StatsCanada Labour Force Survey for December was a mixed bag and far more robust than the weak headline figure suggests. Total employment in Canada barely budged, rising by a mere 100 jobs in the final month of last year. However, the labour force participation […]

Home sales in Greater Toronto in December 2023 jumped 11.5% year over year. This comes as the Toronto Regional Real Estate Board says that 2024 will bring a rebound in activity following year-long low housing affordability. However, inventory remains higher than usual, resulting in a decrease in prices, according to a Reuters report. Annual home […]

The observable struggle in demand-supply conditions is now pulling down property values, a trend that will likely extend into the first half of 2024, according to RBC Economics. During the third quarter, RBC’s aggregate affordability measure for Canada spiked by 2.8 points to settle at 62.5%. This increase marked a reversal from the modest improvement […]

Toronto was deemed the safest city to reside in within Canada, according to the latest Canadian Crime Index survey conducted by Money.ca. Taking into account occurrences of arson, burglary, robbery, and impaired driving, the poll gauged the safety levels of various Canadian cities. The study found that Toronto sees only a minimal 286.9 offenses per […]

In terms of buying a home, the time to make a move is now. That’s what some in the mortgage business are saying on the heels of the Fed’s decision to leave the interest rate alone at its December meeting. That lack of action on the Fed’s part telegraphed the likelihood of rates coming down […]

“New Year, new you” may be a cliché but it is for a reason! The New Year always has us thinking about where we are now, and where we want to end up. When it comes to your personal goals, a review of your finances and estate should be at the top of your list. […]

As we enter the New Year, it’s always fun to reflect on the previous twelve months and take a look at what is trending as we move forward. If you’re unfamiliar with the Pantone of the Year, it is more than just a colour to paint your walls. Since 2000, the Pantone Colour Institute has […]

With the release of the November inflation data, some were disappointed that inflation remained at 3.4% year-over-year—the same as in October. However, without the base effects of year-ago energy price declines, inflation would have been less than 3%. December’s inflation data will be similarly skewed higher. Still, there is ample reason to suggest that interest […]

Interest rates and borrowing costs may be surging – but Canadian home prices are continuing to rise at a rapid clip, according to new data. The latest Teranet–National Bank composite index showed that average prices in the country’s 11 largest census metropolitan areas increased by 1.8% between June and July excluding adjustments – their second […]

Taking all current indicators into account, an interest rate cut by the Bank of Canada is not likely to happen until at least early 2024, according to Avery Shenfeld, managing director and chief economist at CIBC Capital Markets. This is because while the overall inflation trend might see a considerable decline over the next few […]