| | | | | | | | 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.
Cheers!! | | | | | | Canada Economic Crisis - Could High Household Debt Lead to the Worst? | Canada’s household debt levels have rocketed to the highest among the G7 nations – a situation that could imperil the national economy in the event of a global downturn, according to Canada Mortgage and Housing Corporation’s (CMHC’s) deputy chief economist. | | Where to Buy Real Estate in Canada 2023: National Ranking | Following two years of skyrocketing price gains, the Canadian real estate market came back down to Earth in 2022. The year started off with record-high prices in the winter, which is typically one of the slowest seasons in real estate. Throughout spring and summer, prices declined steadily. | | | | OSFI Introduces Draft Frameworks to Strengthen Canada's Financial System | The Office of the Superintendent of Financial Institutions (OSFI) has announced the release of two draft frameworks, open for public consultation until June 30, 2023, which aim to enhance the stability of Canada's financial system.
| | Bank of Canada raises policy rate 25 basis points, continues quantitative tightening | The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening. | | | | 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:Examining No-Frills Mortgage Products
While No-Frills mortgage products typically offer a lower – or more discounted – interest rate when compared with many other available products, the lower rate is really their only perk.
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