| | | | | | | | Welcome to our newsletter, The Friday Finale! A simple, quick snapshot of information for you! Below are recent highlights of news over the past two weeks. | | | | | | | Bank of Canada Send Dovish Signals, Keeping Mid-Year Rate Cut Forecasts in Play | As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it’s been since July. Aside from the expected rate hold, markets focused on several “dovish” signals from the central bank, including the absence in today’s statement of its previously used line that it “remains prepared to raise the policy rate further if needed.” | | Brace for Recession (if we're not already in one), economists say | Canada’s economy is headed for an imminent recession in 2024—that is, if we aren’t already in one, economists say. That, they say, should assist the Bank of Canada in its efforts to bring inflation back down to its desired 2% target. While the economy has narrowly avoided the technical definition of a recession—which is generally accepted to be two consecutive quarters of negative GDP growth—there’s no question that growth has essentially stalled. | | | | This Week's Top Stories: Canada Already in Recession & Limits on Foreign Students | Canada manages to attract a lot of immigrants, but how many are actually staying? Taxfiler data reveals 91% of immigrants that arrived in 2019 filed taxes for that year, but that same group fell to just 85.5% for the 2021 year. Falling filing rates aren’t a new trend, but the speed of the rate falling has never been this fast. This begs the question, how does Canada track who still lives in the country? Spoiler: It’s not very sophisticated and likely to undercount the population that left. | | Ontario Reveals Measures to Guarantee Foreign Student Housing |
Ontario, home to half of Canada’s foreign students and the country’s most populous province, is set to implement a new mandate requiring all colleges and universities to ensure housing availability for incoming cohorts. According to a Bloomberg report, this initiative comes on the heels of Prime Minister Justin Trudeau’s government placing a cap on international student visas earlier this week. The aim is to address public concerns over a surge in temporary migrants that has led to escalating rents and housing costs. . | | | | The Green Effect Podcast!
| Finance, life, business and everything in between! Brand new content with just myself gabbing away about the real estate world, personal stuff going on in my life, stories as an investor, and whatever else! Come with me on the journey inside my head. | | BLOG POST: Green Thoughts | Most Recent Blog:The Pros and Cons of Buying a Pre-Construction Home in Canada
The Canadian real estate market offers a variety of options for potential homeowners, one of which is the purchase of pre-construction homes. These properties, often sold before they are built, present a unique set of opportunities and challenges. In this blog, we will explore the pros and cons of buying a pre-construction home in Canada, helping you make an informed decision.
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