Strong Canadian Economic Growth in Q4 and January
Posted on Mar 04, 2021 in Economics
This morning's Stats Canada release showed that economic growth in the final quarter of last year was a surprisingly strong 9.6% (annualized). The surge in growth in January was even more interesting, estimated at a 0.5% (not annualized) pace. If these numbers pan out, it means that Canada did not suffer a contraction during the second wave and ens...Canadian Real GDP Growth (Q4'2020)
Posted on Mar 04, 2021 in Economics
The Canadian economy expanded at a 9.6 per cent annual rate in the fourth quarter of 2020. Growth was led by increased government spending, business investment and investment in new home construction and renovations as well as a large change in business inventories as large drawdowns of inventory from previous quarters reversed. For 2020 as a whole...February 2021 - Vancouver Real Estate Statistics
Posted on Mar 02, 2021 in Market Update
Home buyer competition intensifies across Metro Vancouver’s housing market
Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase f...
Canadian 5-Year Bond Yield Surges
Posted on Feb 26, 2021 in Mortgage News
In an unprecedented move, bond yields are spiking around the world. Yields globally are now at levels last seen before the coronavirus spread worldwide. At the same time, commodity prices are surging, including energy, metals and minerals, agricultural products and lumber. The Biden administration's $1.9 trillion stimulus package is has triggered f...Canadian home sales hit an all-time record high in January
Posted on Feb 18, 2021 in Market Update
Housing Continued to Surge in January
Canadian Inflation (January 2021)
Posted on Feb 17, 2021 in Economics
Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 1.0% in January year-over-year. The increase was largely due to higher gasoline prices (6.1%). Excluding gasoline, the CPI rose by 1.3%, which is up from 1.0% in December. Prices rose in seven of eight components year-over-year in January. Growth in the Bank of Canada's three...