#bankofcanada #canadianrealestate #canadianeconomy
The Bank of Canada should ‘look past’ measures of shelter inflation and adjust interest rates accordingly – this according to a new report from TD. Yet, economists from BMO chimed in, noting that although we might see mortgage interest costs drop, house price inflation would ensue.
Links:
Shelter inflation complicating the Bank of Canada’s road to rate cuts:
https://www.youtube.com/watch?v=wQ-XLMTGve4
The BoC’s Shelter Inflation Problem:
https://economics.td.com/domains/economics.td.com/documents/reports/jo/Canada_Shelter_Inflation.pdf
Canada’s inflation rate slowed to 2.9% in January as gas prices fell:
https://www.cbc.ca/news/business/inflation-january-2024-1.7119796
Economists say mortgage costs keep inflation high. So why is the Bank of Canada not cutting interest rates?:
Shelter inflation complicating the Bank of Canada’s road to rate cuts:
Canadian Real Estate Doesn’t Have A Supply Problem. It’s A Demand Issue:
BMO: https://betterdwelling.com/canadian-real-estate-doesnt-have-a-supply-problem-its-a-demand-issue-bmo/
Canada’s Oldest Bank Begs, “Could we PLEASE Stop With This Supply Myth?”:
https://betterdwelling.com/canadas-oldest-bank-begs-could-we-please-stop-with-this-supply-myth/
Housing stock grew faster than population in Vancouver and Toronto, StatCan finds:
https://financialpost.com/real-estate/housing-stock-grew-faster-population-vancouver-toronto
Nvigorating:
https://economics.bmo.com/en/publications/detail/cdcbb31f-601a-4b45-a84a-23298fbef5ae/
Posthaste: There’s one big factor keeping the Bank of Canada from cutting rates:
https://financialpost.com/news/how-housing-keeping-bank-of-canada-cutting-interest-rates
Policy interest rate:
https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/
Bank of Canada can’t solve housing crisis, Tiff Macklem says:
https://financialpost.com/news/economy/bank-of-canada-cant-solve-housing-crisis-tiff-macklem
Canada’s vacancy rate reaches new low as demand outpaces supply:
Rent prices soared in 2023 as Canada saw lowest vacancy rate on record:
https://www.cbc.ca/news/business/rent-prices-rose-in-2023-1.7100571
Housing affordability improves across Canada in January:
Consumer Price Index: All Items: Total for Canada:
https://fred.stlouisfed.org/series/CANCPALTT01CTGYM
Bank of Canada’s Preferred Measures of Core Inflation:
Bank of Canada to target three different core inflation measures:
RENEWAL OF THE INFLATION-CONTROL TARGET:
https://www.bankofcanada.ca/wp-content/uploads/2016/10/background_nov11.pdf
Getting to the Core of Inflation:
https://www.bankofcanada.ca/multimedia/western-university-speech-webcasts-09-february-2017/
A Regional Look at Canadian Inflation:
https://economics.td.com/ca-regional-inflation
Removing Mortgage Interest From Canada’s CPI Makes Inflation 30% Higher:
https://betterdwelling.com/removing-mortgage-interest-from-canadas-cpi-makes-inflation-30-higher/
Canada’s big banks all beat expectations in quarterly results:
https://www.cbc.ca/news/business/major-banks-results-1.5927537
Further links disallowed by character limit. Contact for citations.
Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
[email protected]
Brokerage Lic: 10464
Broker Lic: M16001479
https://www.LondonOntarioMortgages.ca – Apply Online!!
Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario
Subscribe NOW for more Mortgage/Financial News/Videos.
Follow me on Social Media:
Instagram – https://www.instagram.com/mortgagebrokerlondonontario
Facebook – https://www.facebook.com/londonontariomortgages
Twitter – https://twitter.com/londonmortgage1/
LinkedIn – https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/
TikTok – https://www.tiktok.com/@mortgagebrokerlondon?lang=en
Commentary on this Channel should not be considered financial advice.
![Reasons why Nvidia could see more upside in the months ahead with top strategist [Video]](https://canadanewsvideo.com/wp-content/uploads/2024/05/mp_529197_0_0jpg.jpg)
![Wary of wars in Gaza and Ukraine, old foes Turkey and Greece test a friendship initiative [Video]](https://canadanewsvideo.com/wp-content/uploads/2024/05/mp_528608_0_6640438f191d9imagejpg.jpg)
![Russia, Ukraine trade allegations of chemical weapons use [Video]](https://canadanewsvideo.com/wp-content/uploads/2024/05/mp_524091_0_putinandzelenskyy168769961715103813539jpg.jpg)
