Market Intelligence
This week
Canadian consumer price inflation dropped from 3.4% in December to 2.9% in January, opening the door to a Bank of Canada interest rate cut in the coming months.
BC's provincial government has announced that as of January 1, 2025, a 20% levy (the so-called "flipping tax") will be applied to the increase in the value of homes that are sold within 2 years of having been purchased (with exceptions).
The yield on 5-year government of Canada bonds (which strongly influence 5-year fixed mortgage rates) currently sits at 3.61%, down from a recent local peak of 3.80%.
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December
This Is A Title. It Is Quite Long. How Long Do You Ask? Well, Let Me Tell You - It Has Some Really Long Like "Macroeconomic" And Then Some Short Words Like "Cash." It'S Also Trying To Use All Sorts Of Punctuation! Cool, Right? Nah..
December
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Kris Rennie's favourite salmon.
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February 2024 • Episode 12
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January 2022