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GTA Condo Market – Investors Needed
A recent report from CIBC and Urbanation paints a challenging future for new condo investors and the prospects for condo construction in the GTA. According to their analysis, nearly three-quarters (72%) of condo rental investors tend to buy new units as opposed to resale, with an average gap of five years between the purchase and…
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April Inflation – The Core of the Matter
A jump in headline inflation has caused a rethink in the market about a possible rate increase. The bond market is now leaning towards another 25-basis point increase this summer. April inflation data showed an acceleration in prices. The headline Consumer Price Index (CPI) figure rose 4.4% year-over-year in April, up from 4.3% in March….
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Housing Market Rebounds
CREA reported a jump in existing home sales of 11.3% (in seasonally adjusted terms) from March. While sales were still down almost 20% from a year ago, activity is moving closer to pre-pandemic levels. The ratio of sales to new listings shot higher to 70.2%, with activity in the B.C. Lower Mainland and Greater Toronto…
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Seeking Shelter from Volatile Markets: How to Use Mortgage Investments to Protect Your Portfolio
For decades, investors had a tried and tested method for protecting their portfolios against volatility. The classic 60/40 investment portfolio provided a diversified blend of stocks and bonds, exposing investors to upside potential while safeguarding against downside risks. But, in 2022, both stocks and long-term bonds declined, failing to provide the diversification benefits investors have…
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The Fed and Bank of Canada are on Hold for Now
The Fed hits the pause button The US Federal Reserve raised interest rates last Wednesday (May 3) for the 10th-straight meeting, bringing rates above 5% for the first time since 2007. Ahead of this decision, the market had been focused on whether this would be the final rate hike of this current cycle. With the federal funds…
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A Needed Slowing of the Economy
At its meeting earlier this month, the Bank of Canada left its key policy rate at a 15-year high of 4.5% for a second time in a row. The decision to hold came after discussing a possible rate rate increase due to stronger-than-expected growth, a tight labor market and concerns about inflation in the services…
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