General Mitchell Goode 31 Aug
Housing Dampened Economy in Q2 This morning’s Stats Canada release showed that the economy unexpectedly contracted in the second quarter by 1.1%, down from the revised 5.5% gain in the first three months of the year. The Canadian dollar dipped on the news to $.7921 as questions of resiliency in the face of the delta […]
Read MoreGeneral Mitchell Goode 27 Aug
The Bank of Canada’s Monetary Policy Report and its Impact on You. The Bank of Canada (BoC) released its latest Monetary Policy Report (MPR) last week, and the outlook is optimistic. With the economy re-opening, vaccinations on the rise, and supply chains finding relief from the bottleneck they’ve experienced, the future looks promising. What impact […]
Read MoreGeneral Mitchell Goode 26 Aug
All About Reverse Mortgages. While there are many different mortgage options out there, there is one type of mortgage available for seniors: a reverse mortgage. This article will be your comprehensive guide to reverse mortgages, what they bring to the table, and how they may be beneficial. what is a reverse mortgage? The simplest explanation […]
Read MoreGeneral Mitchell Goode 23 Aug
Annual Inflation Hits 3.7% in Canada–A New Election Issue This morning’s Stats Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month in which inflation is above the1% to 3% target band of the Bank of Canada. […]
Read MoreGeneral Mitchell Goode 17 Aug
The Slowdown In Canadian Housing Continued in July Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021–the fourth consecutive monthly decline. Over the same period, the number of newly listed properties dropped 8.8%, and the MLS Home Price Index rose 0.6% and was up 22.2% […]
Read MoreGeneral Mitchell Goode 10 Aug
Canada’s Jobs Recovery Continued in July Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were shy of expectations. The report signals the economic rebound is intact and shows companies are finding workers as pandemic restrictions vanish. The smaller-than-expected increase, though, could cast some doubt on the pace […]
Read MoreGeneral Mitchell Goode 6 Aug
Orillia Farmers’ Market City Centre, 50 Andrew St S Suite 300, Orillia, ON L3V 7T5 Friday 5:00pm – 9:00pm / Saturday 8:00am – 12:30pm Orillia Fairgrounds Farmers’ Market 4500 Fairgrounds Rd, Severn, ON L3V 0Y2 Saturday 8:00am – 1:00pm Now, more than ever, it’s important to know where our food comes from and […]
Read MoreGeneral Mitchell Goode 22 Jul
We are all familiar with the banks and local credit unions, but what are monoline lenders and why are they in the market? Mono, meaning alone, single or one, these lenders simply provide a single yet refined service: to fulfill mortgage financing as requested. Banks and credit unions, on the other hand, offer an array […]
Read MoreGeneral Mitchell Goode 15 Jul
The Slowdown In Canadian Housing Continued in June Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 8.4% nationally from May to June 2021, marking the third consecutive monthly decline. Over the same period, the number of newly listed properties fell 0.7%, and the MLS Home Price Index rose 0.9%, a marked deceleration from previous months. […]
Read MoreGeneral Mitchell Goode 14 Jul
The Bank of Canada raised its inflation forecast in the newly released July Monetary Policy Report (MPR), making it one of the most hawkish central banks in the world. The Bank announced its third action to reduce its emergency bond-buying stimulus program by one-third. The central bank was among the first from the advanced economies to shift to […]
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