Featured
Housing Market Outlook: A New Divide Emerges
CREA recently released its updated forecast for home sales activity and average home prices for 2025 and 2026. It projects that two-and-a-half years of pent-up demand, coupled with lower borrowing rates, will drive a rebound in the housing market. However, this recovery is expected to play out differently across regions. In BC and Ontario, sales…
Read more
Hots Jobs, Cooling Rate Expectations
December brought a wave of surprising employment gains in both the US and Canada, setting the stage for debates around inflation and interest rates. While job growth exceeded expectations in both countries, the implications for monetary policy and broader economic conditions differ for these two economies. US Overview: Strong Jobs, Persistent Inflation, and Market Jitters…
Read more
Should We Replace Development Charges with Property Taxes?
Development charges (DCs) were created to facilitate development by reducing the incentive for current residents to block development based solely on their reluctance to pay for new infrastructure. In this way, DCs can improve economic efficiency. Development charges (DCs) can be considered a windfall tax, but only to the extent that they are paid by…
Read more
Looking Through the Fog: Insights on the US Economic Outlook
The Federal Reserve’s dovish pivot a year ago set the stage for expectations of an aggressive easing cycle, briefly interrupted by a bout of sticky inflation in early 2024. At the time, the upper bound of the federal funds target rate was 5.50 per cent – well above the US central bank’s favored inflation measure…
Read more
Reflecting on 2024: Progress, Partnership, and Possibilities
As we close out another remarkable year, we want to take a moment to express our gratitude to you—our valued partners—for your continued trust and collaboration. Your support has been instrumental in driving progress and achieving meaningful milestones throughout 2024. To thank you for your partnership and recognize our shared commitment to building stronger communities,…
Read more
Is It Time to Bring Back Multi-Unit Condominium Mortgage Insurance?
Condo units under construction are at an all-time high, yet, pre-sales in Toronto are running at a 27-year low. After years of steady price increases, investors are beginning to question whether this is a viable near-term market. A recent Globe and Mail article suggests that investors are fleeing the preconstruction market. Toronto real estate brokerage…
Read more
Does Higher Unemployment Signal a 50 Basis Point Rate Cut?
November’s jobs report delivered mixed signals: while employment growth exceeded expectations, the unemployment rate rose sharply to 6.8 per cent. This surge reflects a significant influx of workers entering the labour market, boosting the participation rate to 65.1 per cent. These dynamics – a higher unemployment rate, a higher participation rate and slowing wage growth…
Read more
Contact Us
Contact us today to set up an appointment.