Time for your cheat sheet on this week’s top stories.
Canadian Real Estate
Canadian Real Estate Balancing In A “Meaningful” Way, Pause Unlikely To Boost Market: BMO
The Canadian real estate market is back to cooling after a brief jump in activity post-rate pause. Existing home sales fell, and new listings have been climbing to the point the market is now considered “balanced.” Despite getting another rate pause a few days ago, BMO says it’s unlikely to reignite the market the way the January pause did. The economy is much weaker, record building will supply even more inventory, and most importantly—the mortgage market is much tighter, and won’t provide any relief.
If Canadian Unemployment Is So Low, Why All The Long Job Lines?
Canada’s unemployment is just off the record low, and by all technical measures—means we’re facing a very robust market. Yet social media is filled with