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In its latest budget, the federal government has included a number of measures to address the affordability crisis affecting housing markets across Canada. Housing affordability - definitely a focus of this budget and so a number of different measures introduced to address that. W...
The federal government has tabled a budget that promises billions of dollars for housing, social programs and defence. So this budget tried to tackle housing from a lot of different angles. So we see that the government is trying to do everything it can to get that net-zero emissi...
Global bond markets experienced another sell-off in March amid a surge in COVID-19 cases, energy market strains, soaring inflation and uncertainty over the Russia-Ukraine war. In Europe, the negative yielding government bond universe based on amount outstanding shrank from 36.3% to 22...
As government bond prices have declined on expectations of aggressive rate hikes from central banks, fixed mortgage interest rates (priced off bond yields), have leapt. After rising sharply during the pandemic, high home prices have now combined with higher interest rates to drive a 3...
Bank of Canada is now expected to hike the base interest rate by .50% at its next several meetings toward 2.5% by year-end. Before the pandemic, the median Canadian home price was $580,000 when record monetary and fiscal interventions pushed five-year fixed mortgage rates to 1.5%. ...
Over the past seven months, US ten-year Treasury prices (the flip side of yields) have seen their third-largest drawdown of the last century. The US thirty-year bond at 2.59% (up from 1.20% in July 2020) is lower than the 20-year as the curve has inverted at 30-20, 3-10 and 5-10 terms...
The price of the average Canadian home hit $816,720 in February, its highest level on record (Canadian Real Estate Association). The $816,720 average selling price is up 20 percent compared to last year’s level. In the most populated areas of the Greater Toronto and Vancouver a...
In Canada's economy, the jobs growth has arrived, wage growth has not. Higher oil prices are bringing the good and the bad to Canada's economy. Why the Bank of Canada is likely to stay the course on rate hikes, despite headwinds. For further details see: Canada's Economy...
Why the Russia-Ukraine war may create challenges for the global economy. How Russia-Ukraine conflict could impact supply chains. Can today's inflation rate take us back to the 1970s? For further details see: From War To Inflation To COVID-19: The Outlook... It's Complica...
The aging population drove a steady rise in retirees over the past decade. The pandemic accelerated this with a surge in those opting to retire sooner than previously expected. After two years of debt-addition and extreme price inflation in homes and corporate securities (equities and...