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The Friday Finale:

Saturday Edition!

   

March 29th, 2024

Welcome to our newsletter, The Friday Finale: Saturday Edition!  *We decided to send this on Saturday to respect Good Friday.*  A simple, quick snapshot of information for you!  Below are recent highlights of news over the past two weeks. 

   
     

Links to News:

The Bank of Canada Expects it Will Cut Rates This Year, But Officials are Split on Timing

The Bank of Canada expects it will be able to begin cutting interest rates sometime this year, but officials are split on timing.

That's according to the central bank's summary of deliberations detailing the discussions governing council members had in the lead-up to the March 6 interest rate announcement. The summary says governing council members agreed that if the economy and inflation evolve in line with the Bank of Canada's projections, the central bank will be able to begin cutting interest rates sometime this year.

Canada To Cut Temporary Resident Target 20% After More than Doubling

Canada’s explosive population growth went from a boasting point to liability in less than 3 years. The 

Government of Canada (GoC) announced on Thursday they will be implementing a limit for temporary residents in the coming years. This comes as the economic boom driven by immigration fades, leaving behind an oversupply of labor and undersupply of housing. 


Canada is Falling Behind Due to Lack of Productivity Crisis: Bank of Canada

One of Canada’s top bankers is concerned about a new crisis—a lack of productivity. In a speech delivered in Halifax this morning, 

Bank of Canada (BoC) Senior Deputy Governor Carolyn Rogers took aim at the country’s stagnating productivity. She warned the issue has caused Canada to fall behind and become less competitive than its economic peers, a problem that’s getting worse by the day.  

Canadian Recreational Home Prices Expected to Climb 5% This Year Amid Supply Squeeze

Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.

That’s the latest forecast from real estate firm Royal LePage, which expects the average price of a single-family home in the country’s recreational market to rise to $678,930.

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:

Navigating the Tides: Understanding Sellers' and Buyers' Markets

In the dynamic world of real estate, the terms "sellers' market" and "buyers' market" are frequently bandied about. These phrases offer a shorthand way to describe the balance of power in the housing market, but what do they truly mean for buyers, sellers, and the market overall? Let's dive into the definitions and implications of both terms to give you a clearer understanding of the real estate landscape.

   
   

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