The Bank of Canada has announced that it will once again hold its target for the overnight rate at the effective lower bound of 0.25% as expected, with no change to its April projection that the key rate is likely to begin rising in the second half of 2022. The Bank’s June rate announcement saw…
The Bank of Canada took a step towards easing pandemic stimulus — the biggest yet by a major economy! Not only did it say it would reduce purchases of government debt (which was expected), it also brought forward its timeline for a possible rate hike. Previously, the Bank had forecast that slack in the economy…
House prices around the country will continue going upwards this year, outpacing inflation after hitting record highs in 2020, according to a Reuters poll of property market analysts who said the risk of a COVID-19 resurgence derailing activity was low. Intermittent lockdown restrictions after a second wave of infections hit the country are threatening expectations…
The Bank of Canada has started the new year announcing that it has left its target overnight benchmark rate unchanged at 0.25%. As a result, the Bank Rate stays at 0.5% and the knock-on effect is that borrowing costs for Canadians will remain low for the foreseeable future. Prior to the announcement, there was…
The recent drastic change in our economic lives has meant that the big institutions, whether financial or other; has also had to adjust its business model! Fortunately, this is good news because they sympathize with the many affected economically. Some interesting comments were also made by economists and businessmen. Just after mid-March, the Bank of…
In last Wednesday’s blog, we took a look at some of the factors that made the real estate market in Canada a difficult one to enjoy, and couldn’t put the blame on one thing in particular. It was not a particularly positive update to share, but at least things were made more sense of. This…
Of all the major cities and their popularity in Canada, we are certainly not used to Ottawa becoming so big in real estate! And why is this happening? For most of the past decade-and-a-half, frenetic activity across the country has completely taken Ottawa off the map, in terms of media coverage. Let’s look back a…
From late 2016 until 2018, there have been rule changes by Canadian policymakers in the real estate industry. This led to many future homebuyers being suddenly afraid of owning their own property due to tightened mortgage lending rules, but reflecting on macro results now, it has appeared to be bringing the country’s real estate market…
And we are back for the first blog of 2017 – we hope you’ve had an excellent New Year’s weekend and are looking forward to some interesting real estate investment projects. This weeks’ blog will discuss factors that could affect real estate prices in 2017, which could possibly help you invest at a lower price….
