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The Canadian Economy

Access to credit remains tight, with bearish calls on the housing market increasing.

Mohit Chawla -
Happy Monday Morning! As expected, the Bank of Canada held interest rates at 5% for the second consecutive time. BoC’s Macklem flagged everything we’ve been highlighting in this newsletter for several months now. Weaker economic growth and a recent surge in global bond yields is doing most of the tightening for them. Adding, “The path to a soft landing is narrow. In our new projection that path is narrower.” No doubt. Monetary policy is...

Get the latest of The Saretsky Report and other content to keep up with what’s happening in the real estate market.

Steve Saretsky -

Happy Monday Morning! At the beginning of the year I was part of a real estate pannel with REW on the state of the Vancouver housing...

Steve Saretsky -

Happy Monday Morning! The housing crisis in this country gets a lot of attention, as it should. Fixing it, however, is proving to be...

Steve Saretsky -

Happy Monday Morning! Headline inflation ripped higher than expected this week, jumping back up to 4% for the month of August. It turns out...

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The Saretsky Report. December 2022