Huge population growth leads to lack of housing supply

September 28th, 2023
Stats Canada - Data released September 27, 2023House price increases in Calgary being driven by increasing immigration and a lack of housing supply. Statistics Canada has releases population growth data showing that Canada’s population grew by 3.0% year over year to the end of Q3 2023.  At the same time Alberta’s population grew by 4.1% year over year to the end of Q3 2023. This population g ...

Is The Bank Of Canada's Rate Hike Successful?

September 19th, 2023
Is Canada’s Consumer Price Index (CPI) coming under control? On September 6, 2023 The Bank of Canada (BOC) left interest rates unchanged from the previous rate announcement.  This may signal that we have seen an end to interest rate increases! The BOC has a target CPI of 2% that they would like to see in Canada.  In June of last year the CPI was 8.1% (due to recovery from Covid and the Russ ...