Month: December 2017
December 19, 2017
Category: About Sherry Articles Media Reporting on Sherry
Much Ado About Almost Nothing–Non-Resident Ownership of Housing
Statistics Canada in conjunction with Canada Mortgage and Housing Corporation (CMHC) released their first report this morning from the Canadian Housing Statistics Program (CHSP), providing data regarding the non-resident ownership of Canadian housing. This program was mandated by the last federal budget, filling in a significant data gap in housing statistics. For years, many have…
December 15, 2017
Category: About Sherry Articles Media Reporting on Sherry
New Mortgage Rules Coming Jan 1 Boost November Home Sales
So here we are in the lead-up to the January 1 implementation of the new OSFI B-20 regulations requiring that uninsured borrowers be stress-tested at a mortgage rate 200 basis points above the contract rate at federally regulated financial institutions. It is no surprise that home sales rose in advance of the new ruling. Even…
December 6, 2017
Category: About Sherry Articles Media Reporting on Sherry
No Surprises from the Bank of Canada
Holds Steady–Will Raise Rates Only Cautiously The Bank of Canada held overnight interest rates at 1.0% once again, following the two consecutive rate hikes at the July and September meetings. It was widely expected that the Bank would retake a breather this round despite the much stronger than expected November employment report and the recent…
December 1, 2017
Category: About Sherry Articles Media Reporting on Sherry
Incredibly Strong Jobs Report in November, Q3 GDP Growth Slowed On Weak Exports and Housing
The highly anticipated November Labour Force Survey, released this morning by Stats Canada, surpassed all forecasts breaking multi-year records. Employers added a whopping 79,500 jobs last month, bringing the gains over the past 12 months to nearly 400,000. November’s data posted the most robust job market since the 2008-09 recession as the jobless rate plunged…