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Welcome to our newsletter, The Friday Finale! We wanted to offer a simple, quick snapshot of information for you! Below are recent highlights of news over the past two weeks. Look for this to come out on a bi-weekly basis on FRIDAYS.
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Bank of Canada Maintains Policy Rate! | This past Wednesday, the Bank of Canada held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.
This is overall good news but make sure you read their commentary for the full story. | | Canadian Real Estate Owners are NOT Selling. Here's Why... | Canada's busy Spring market hasn’t begun with the typical flood of sellers. BMO Capital Markets warned investors a lack of new listings for sale might be a bigger problem than low sales. They attribute this to a number of factors, but they all boil down to one issue—there’s little reason to sell. Canada is hitting property with stimulus less than one year after the market began to slide. | | | |
Rising Canadian wages could derail Bank of Canada's declining inflation. | A new surge of job action by Canadian employees may stand in the way of Bank of Canada governor Tiff Macklem's plan to get inflation down to his two per cent target.
In the past week, more than 155,000 federal public servants in two unions have voted in support of strike mandates. | | Toronto Real Estate: Still the "King" of Cranes! | There was a Toronto real estate slowdown? Hard to notice with busy construction sites blanketing the city. The latest RLB Crane Index, tracking 14 key North American cities, shows crane use grew in Q1 2023. Toronto remains the reigning king of cranes, with almost 5x more than the next city on the list. | | | |
Refinance Analyzer Tool:
INCREDIBLE App Tool | Wherever your mortgage is, it's always smart to assess if you can save money by refinancing and consolidating debt. ​ What if you could pull equity from your home by borrowing at a historically low rate, and payout debt that is over 10%? Or over 20%?!?! What if we could save you hundreds to thousands in cash flow per month? ​ Download our free app and give it a try! | | BLOG POST: Green Thoughts | Most Recent Blog:Will My Credit Score Drop When You "Pull" My Credit For A Mortgage?
This is SUCH a common question. Let's address this as it's probably the most asked question I get when meeting with new clients.
UPDATE LINK | | | |
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