Facts about real estate market conditions
Posted on Dec 17, 2021 in Real estate market
At a time when it’s impossible to predict much of anything, attempts to forecast what’s ahead in the real estate market are more difficult than ever. Attempts to explain what’s been happening to the housing market during the pandemic are more logical, but only because they are based on what has already happened.
They are based on facts.
Fact: More ho...
Linking immigration and home prices
Posted on Dec 13, 2021 in Home prices
“It is a conundrum.” — Stephen Brown, senior Canada economist at Capital Economics, on the effect of immigration on housing costs.
The conundrum is that immigration is desirable, even needed, in Canada…and that curbing escalating housing prices is also desirable, even needed.
One is expected to fuel the other. If you have high immigration, it probabl...
Interest rate unchanged — as predicted
Posted on Dec 09, 2021
Days before the Bank of Canada decided to maintain its record low interested rate at 0.25 per cent, the Financial Post previewed what to expect in this story:
"Bank of Canada Governor Tiff Macklem has one objective: managing inflation, which the central bank defines as keeping the Consumer Price Index (CPI) advancing at an annual rate of about two p...