Annual Inflation In August Rises to 4.1% in Canada--But Are We Close To The Peak?
Posted on Sep 16, 2021 in Economics
Today's release of the August Consumer Price Index (CPI) for Canada posted another uptick in the year-over-year (y/y) inflation rate, but hidden in the details was some support for the Bank of Canada's position that the spike in inflation is transitory. The Bank has long suggested that the rise in prices will prove to be the result of base effects...Canadian Employment (August 2021)
Posted on Sep 15, 2021 in Economics
Canadian employment grew for the third consecutive month in August, rising by 90,000 to 18.97 million (0.5%, m/m). Most Canadian jurisdictions had fully implemented public health reopening plans by the time Statistics Canada conducted surveys, while tourists from the United States were allowed to enter Canada without quarantining for the first time...5 Mortgage Approval Roadblocks You Should Know About
Posted on Sep 11, 2021 in Mortgage News
When buying a home, there is nothing worse than having your mortgage broker or lawyer call and say “there is a problem”. If you have found your dream home and negotiated a fair price, and you have supplied all the documentation to your broker, you probably assume everything is fine.The reality is that your financing approval is based on the informa...
Bank of Canada Interest Rate Announcement
Posted on Sep 10, 2021 in Mortgage News
The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to its 2 per cent tar...August 2021 - Vancouver Real Estate Statistics
Posted on Sep 08, 2021 in Market Update
Summer sees home listing supply decline across Metro Vancouver
While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cen...
Canadian Retail Sales (June 2021)
Posted on Sep 03, 2021
As health restrictions eased, Canadian retail sales rose 4.2% m/m to $56.2 billion on a seasonally-adjusted basis in June. Due to declines in April and May, sales remained 3.5% below the March peak. Sales rose in 8 of 11 retail sectors measured by Statistics Canada, with the largest gains occurring in clothing sales (+49.1%), caused by loosening re...