Each Office Independently Owned & Operated
Posted by: Dean Kimoto
The following article was posted by one of my lenders, First National, and has insights into current housing trends. Enjoy! Residential Mortgage Commentary – Misleading averages Since interest rates started climbing back in March there has been a lot said about declining home prices in Canada. Broadly speaking, market watchers have been forecasting a 20% […]
Read MorePosted by: Dean Kimoto
Please Note: The source of this article is from SherryCooper.com/category/articles/ Tiff Macklem and Jay Powell Are Emulating Paul Volcker–I Was Volcker’s Special Assistant. Forty-Three Years Ago, I Was Fed Chair Paul Volcker’s Special Assistant Inflation appears to be book-ending my career. I started my work as an economist in the Research Division of the Federal Reserve Board […]
Read MorePosted by: Dean Kimoto
One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. What is a second mortgage? First things first, a second mortgage refers to […]
Read MorePosted by: Dean Kimoto
Inflation Cooled Again in August, But Higher Rates Still Coming Canada’s headline inflation rate cooled again in August, even a bit more than expected. The consumer price index rose 7.0% from a year ago, down from 7.6% in July and a forty-year high of 8.1% in June, mainly on the back of lower gasoline prices. […]
Read MorePosted by: Dean Kimoto
Published by the DLC Marketing Team, September 13, 2022 The Real Deal about Transfers and Switches. Most people who are thinking about a transfer or switch want to take advantage of a lower interest rate or to get a new mortgage product with terms that better suits their needs. Up for Renewal? If your mortgage […]
Read MorePosted by: Dean Kimoto
Housing Soften Again in August The full effects of the most recent rate hikes have not yet manifested. Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates continued in August, albeit at a slower pace. Home sales recorded over Canadian […]
Read MorePosted by: Dean Kimoto
Job Market Weakens As Economy Slows The August employment report, released this morning by Statistics Canada, was considerably weaker than expected. Higher interest rates have slowed the red-hot labour market. The Canadian economy shed 39,700 jobs in August, missing market expectations of a 15,000 rise and bringing cumulative declines since May 2022 to 113,500 […]
Read MorePosted by: Dean Kimoto
The Bank of Canada Hiked Rates Again And Isn’t Finished Yet The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 75 basis points today to 3.25% and signalled that the policy rate would rise further. The Bank is also continuing its policy of quantitative tightening (QT), reducing its […]
Read MorePosted by: Dean Kimoto
Published by Sherry Cooper, August 17, 2022 Macklem’s Op-Ed (emphasis is mine) NATIONAL POST COMMENT, AUGUST 16, 2022 Inflation in Canada has come down a little, but it remains far too high. After rising rapidly to reach 8.1 per cent in June, inflation as measured by the consumer price index (CPI) was 7.6 per cent in […]
Read MorePosted by: Dean Kimoto
It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last month following its 1.3% spike in June. This reduced the year-over-year inflation rate to 8.5% from a four-decade high of 9.1%. Oil prices have fallen […]
Read More