Great News On The Inflation Front The Consumer Price Index (CPI) rose 2.9% year-over-year in March, as expected, up a tick from the February pace owing to a rise in gasoline prices, as prices at the pump rose faster in March compared with February. Excluding gasoline, the all-items CPI slowed to a 2.8% year-over-year increase, […]

Dr. Sherry Cooper explaining Bank of Canada hold on to the over night rate on March 6, 2024 The Bank of Canada Holds Rates Steady Until Core Inflation Falls Further Today, the Bank of Canada held the overnight rate at 5% for the fifth consecutive meeting and pledged to continue normalizing the Bank’s balance sheet. […]

Good afternoon Thank you, Tony Spagnuolo from Spagnuolo and Company LLP, for the updated information below. The BC NDP Government has been active to start 2024. Last week, the provincial budget was tabled, and a couple of big changes are coming to the real estate market. Updates to the Property Transfer Tax (PTT) Framework The […]

Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects The Consumer Price Index (CPI) rose 2.9% year-over-year in January, down sharply from December’s 3.4% reading. The most significant contributor to the deceleration was a 4% decline in y/y gasoline prices, compared to a 1.4% rise the month before (see chart below). Excluding gasoline, […]

Countertop Materials for Your Kitchen. They say the kitchen is the heart of every home, and what better way to treat this important space than by ensuring you have all the right materials? When it comes to your kitchen, there are a variety of options for cupboards, appliances, and countertops. What you may not realize, […]

Stronger-Than-Expected Canadian Inflation Will Keep The BoC On The Sidelines For Now. Inflation held steady in November Today’s inflation report was stronger than expected, unchanged from October’s 3.1% pace. While some had forecast a sub-3% reading, the November CPI data posted a welcome slowdown in food and shelter prices. Increases in recreation and clothing offset […]

Winterizing Your Home. We Canadians are no strangers to the chill of the winter season! As we shift into the final few months of 2023, now is a great time to check your home before the cold front hits. Below I have included a few tips that could help you save on bills, prevent future […]

In the next 2 to 3 years Canada will experience the most mortgage renewals in Canadian history. We expect to see over 5 Billion renewals. Check out the below article to prepare and know I am here for you. Mortgage Renewal Benefits. Is your mortgage coming up for renewal? Do you know about all the […]

Bank of Canada Holds The Overnight Policy Rate Steady at 5% For the Third Consecutive Meeting. The Bank of Canada Held Rates Steady and Took A More Neutral Tone It was widely expected that the Bank of Canada would maintain its key policy rate at 5% for the third consecutive time. It will continue to […]

INTEREST RATES NOSEDIVE AS BANK OF CANADA CUTS RATES 50 BPS The Bank of Canada Brings Out The Big Guns Following yesterday’s surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it is poised to do more if necessary. The BoC lowered its target […]