Canadian Inflation Pressures Ease in December
Posted on Jan 23, 2023 in Market Update
Good News on the Inflation Front in December
The Consumer Price Index (CPI) rose 6.3% year over year in December, down from the 6.8% pace in November. Much of the decline was owing to the drop in gasoline prices. Additional deceleration came from homeowners' replacement costs, fuel oil and other owned accommodation expenses, and various durable good...
Canadian Reatail Sales Dropped
Posted on Jan 20, 2023 in Market Update
Canadian Retail Sales (November 2022)
Canadian seasonally-adjusted retail sales fell 0.1 percent in November to $61.8 billion. Sales fell in 6 of 11 subsectors but were led by lower sales at food and beverage stores (-1.6 percent) and building material and garden equipment and supplies dealers (-3.8 percent). Core retail sales, which strips out gaso...
Canadian Inflation Continues
Posted on Jan 17, 2023 in Market Update
Canadian Inflation (December 2022)
Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.3 percent on a year-over-year basis in December, a decrease from the 6.8 percent rate in November. Falling gasoline (-13.1 percent month on month) and fuel oil prices drove the decline while softening costs for durable goods such as furniture an...
Home Sales in 2022 Decreases After the Record in 2021
Posted on Jan 13, 2023 in Market Update
Home Sales Decline in 2022 After a Record 2021
The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 percent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 percent incr...
Homeowners' Equity has Grown over the past 12 months
Posted on Jan 10, 2023 in Market Update
Homeowners Still Have Positive Equity Gains over the Past 12 Months
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.
Equity is the current value of your home minus what you owe on the loan.
Canadian Jobs Report Increases Odds of a 25 bps Rate Hike January 25th
Posted on Jan 07, 2023 in Market Update
Employment Report Ended 2022 With A Boom