General Mitchell Goode 26 Oct
Bought Your First Home? Here are Some Tips for You. Buying a home is an exciting time in your life. It’s a monumental occasion, and you should celebrate and enjoy every moment of the experience. But at the same time, there are a lot of new stresses you’ll discover. From trying to find the right […]
Read MoreGeneral Mitchell Goode 20 Oct
Prices are Rising Everywhere–Transitory Can Last A Long Time Today’s release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation rising from 4.1% in August to 4.4%, its highest level since February 2003. Excluding gasoline, the CPI rose 3.5% y/y last month. The monthly CPI rose 0.2% in September, at the same pace […]
Read MoreGeneral Mitchell Goode 15 Oct
Canadian Home Prices Continued to Rise As Insufficient Supply Creates Excess Demand Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.9% between August and September 2021, posting the first monthly gain since March (see chart below). On a year-over-year (y-o-y) basis, the number of transactions last month was down 17.5%. Nevertheless, […]
Read MoreGeneral Mitchell Goode 13 Oct
Blockbuster September Jobs Report–Further Fuel For Rising Interest Rates Statistics Canada released the September Labour Force Survey this morning, providing some unmitigated good news on the jobs front. Employment rose by 157,000 (+0.8%) in September, the fourth consecutive monthly increase. The unemployment rate fell by 0.2 percentage points to 6.9%.Employment gains in September were concentrated in full-time work and among people in the core […]
Read MoreGeneral Mitchell Goode 13 Oct
Many Canadians will spend their entire lives without proper financial education. With the help of Enriched Academy, an online financial education platform, Our House Magazine has collected some insight and tips from experts on financial literacy to help Canadians achieve their dreams, from homeownership to a comfy retirement. Money. It’s virtually impossible to get by […]
Read MoreGeneral Mitchell Goode 28 Sep
Downsizing Your Home. Moving to a larger house is not the only time that things can change with your home and mortgage. Sometimes there comes a point when owning a home becomes a little too much to handle; or maybe you’re an empty-nester and no longer need three extra bedrooms. Whatever the reason, downsizing is […]
Read MoreGeneral Mitchell Goode 20 Sep
Home Prices Still Rising As Falling Sales Reflect Insufficient Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell a slight 0.5% nationally from July to August 2021–the fifth consecutive monthly decline. Over the same period, the number of newly listed properties edged up 0.8%, and the MLS Home Price Index rose […]
Read MoreGeneral Mitchell Goode 14 Sep
Bought Your First Home? Here are Some Tips for You. Buying a home is an exciting time in your life. It’s a monumental occasion, and you should celebrate and enjoy every moment of the experience. But at the same time, there are a lot of new stresses you’ll discover. From trying to find the right […]
Read MoreGeneral Mitchell Goode 9 Sep
Bank of Canada Responds To Weak Q2 Economy–Holding Policy Steady As we await the quarterly economic forecast in next month’s Monetary Policy Report, the Bank of Canada acknowledged that the Q2 GDP report, released last week, caught them off-guard. In today’s policy statement, the Governing Council of the Bank said, “In Canada, GDP contracted by […]
Read MoreGeneral Mitchell Goode 3 Sep
The pandemic has changed the way we do business. Between home offices and ZOOM meetings, our daily engagements have felt a seismic shift. While some of these changes are temporary fixes, others could prove to be the new normal. If you’ve bought or sold a property in the last year, you’ll recognize some of these […]
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