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The Friday Finale!

   

February 16th, 2024

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. 

   
     

Links to News:

Stock-market Tumble Shows Investors Now Face 'Fed's Reality' in Inflation Fight 

As Cupid readies his arrows for Valentineā€™s Day, a new survey has uncovered that high interest rates are taking their toll on Canadiansā€™ romantic life.

Nearly half of respondents said higher mortgage or rent payments have (35.2%) or may have (14%) negatively impacted their love life in the past 12 months, according to the survey commissioned by 360Lending.

2024 Rate-Cut Forecasts Being Revised Following Today's Mixed-Bag Jobs Report

Todayā€™s employment report for January, in which the unemployment rate ticked down, has caused bond markets and economists to further reel-in their rate-cut forecasts for the year.

Despite a dip in the countryā€™s unemployment rate in January, todayā€™s jobs report from Statistics Canada paints a more complicated and mixed picture, economists say.

Government Extends Ban on Foreign Buying of Canadian Housing

The federal government is extending its ban on foreign home purchasing in Canada, Finance Minister Chrystia Freeland announced in a release Sunday.

The rule, which was first announced in 2022, will now be extended until the beginning of 2027. It bans foreign nationals and commercial enterprises from buying residential property in Canada, with exceptions for some international students, refugee claimants and temporary workers.

Stock-Market Tumble Shows Investors Now Face 'Fed's Reality' in Inflation Fight

A frothy stock market suffered a steep fall Tuesday, as an unexpectedly hot January consumer-price index reading reminded investors that the Federal Reserveā€™s long-fought battle against inflation isnā€™t yet won.

ā€œThe markets just went too far, too fast and the Fedā€™s reality is setting in right now,ā€ said Kent Engelke, chief economic strategist and managing director at Capitol Securities Management, in a phone interview.

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.

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Most Recent Blog:

Why a Mortgage with the Lowest Rate May Not Be Your Best Option

As a Canadian mortgage broker, I've had countless conversations with clients who initially believe that securing the lowest mortgage rate should be their top priority. While it's understandable to want to minimize your interest costs, focusing solely on the rate can lead to overlooked details that might not serve your financial situation in the long run. Here's why the mortgage offering the lowest rate may not always be the best option for you.

   
   

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