| | | | | | | | 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. | | | | | | | Canadian Real Estate Might Get A Boost From BoC Pause, But It's Unlikely: BMO | Canadian real estate experts are torn on the impact of the latest central bank move. Last time the Bank of Canada (BoC) paused interest rate hikes, home prices surged. BMO warns not to expect a replay after the latest BoC pause. The economy is in a very different place these days, and most importantly—unlike last time, there’s no mortgage rate relief on the horizon. | | Canada added 40,000 jobs in August - but it added 100,000 more people, too | Canada's economy added 39,900 jobs last month, about twice as many as expected, but also only about half as many as would be needed to keep up with population growth. | | | | Canada's Immigration Boom May be Ending, Permanent Resident Applications Plummet | Canada’s recent population boom seems like it’ll last forever, but reality may arrive soon. Government of Canada (GoC) data reveals a sharp drop in permanent resident applications in July. The direct impact on population growth is minor, since temporary residents drive growth. However, continuing to attract temporary residents will be difficult once they encounter the conditions turning people away. | | Housing supply Picture Improving but Canada still needs 3.5 Million more New Homes by 2030, CMHC Says |
Canada's national housing agency says progress is being made on building enough housing to fix the country's affordability gap, but almost 3.5 million new units will still have to be built by the end of the decade, over and above what's already in the works.
| | | | 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:Advantages of Living in a Condo
Living in a condo in Canada offers several advantages, which may vary based on your personal preferences and circumstances. Click the link to see some potential benefits!
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