Insufficient Housing Supply Boosted Home Prices Again In August.

General Dakota Matias 4 Oct

Home Prices Still Rising As Falling Sales Reflect Insufficient Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell a slight 0.5% nationally from July to August 2021–the fifth consecutive monthly decline. Over the same period, the number of newly listed properties edged up 0.8%, and the MLS Home Price Index rose […]

Read More

Canadian Home Sales Continued Their Slowdown in June

General Dakota Matias 1 Aug

The Slowdown In Canadian Housing Continued in June Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 8.4% nationally from May to June 2021, marking the third consecutive monthly decline. Over the same period, the number of newly listed properties fell 0.7%, and the MLS Home Price Index rose 0.9%, a marked deceleration from previous months. […]

Read More

Another Weak Canadian Jobs Report For May.

General Dakota Matias 7 Jun

Canada’s Jobs Recovery Derailed By Third-Wave Restriction This morning, Statistics Canada released the May 2021 Labour Force Survey showing another contraction in employment, albeit not as dramatic as in April.  With the geographical broadening in lockdown restrictions in May, employment fell by 68,000 (-0.4%), but almost all of the decline was in part-time work.  The number […]

Read More

Bank of Canada Holds Rates Steady, But Pares Bond-Buying Program

General Dakota Matias 22 Apr

Bank of Canada Scales Back Bond Buying April 21st 2021, the Bank of Canada held its target for the overnight rate at the effective lower bound of ¼ percent. The Bank is also adjusting its bond-buying program from weekly net purchases of Government of Canada (GoC) bonds of $4 billion to $3 billion. This adjustment to […]

Read More

Canadian Economy Ended 2020 On An Extremely Upbeat Note.

General Dakota Matias 3 Mar

Strong Canadian Economic Growth in Q4 and January 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 […]

Read More

Interest Rates & Commodity Prices Surge On Economic Rebound Optimism.

General Dakota Matias 2 Mar

Canadian 5-Year Bond Yield Surges! 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 […]

Read More

Canadian Home Sales Hit An All-Time Record High in January.

General Dakota Matias 16 Feb

Housing Continued to Surge in January Today the Canadian Real Estate Association (CREA) released statistics showing national home sales hit another all-time high in January 2021. Canadian home sales increased 2.0% month-on-month (m-o-m) building on December’s 7.0% gain. On a year-over-year (y-o-y) basis, existing home sales surged 35.2%. As the chart below shows, January activity […]

Read More

It’s All About The Property

Mortgage Tips Dakota Matias 8 Jan

When your mortgage application goes through the approval process, they are not only looking at you, but also the property in question. In fact, sometimes when an application is denied it has nothing to do with you, and everything to do with the property. To improve your chances of success when it comes to financing, […]

Read More