Month: May 2020
May 29, 2020
Category: About Sherry Articles Media Reporting on Sherry
Lockdowns Hit Canadian Q1 GDP
Near-Record Decline in Q1 GDP Better Than Flash Estimate The hand-wringing about the Q1 GDP data released today misses the point that the data were actually better than expected. The Canadian economy declined at an 8.2% annualized rate in the first quarter, less harsh than the earlier estimate by StatsCan of -10%. Of course, every sector of…
May 22, 2020
Category: About Sherry Articles Media Reporting on Sherry
Why does CMHC’s Evan Siddall think Canada is headed for a ‘deferral cliff’?
In comments delivered to the Standing Committee on Finance on Tuesday, Canadian Mortgage and Housing Corporation CEO Evan Siddall laid out a potentially bleak scenario for the country’s homeowners. Siddall told parliamentarians that by September, if Canada’s economic recovery fails to generate enough momentum, 20 percent of mortgages could be in arrears. “A team is at…
May 15, 2020
Category: About Sherry Articles Media Reporting on Sherry Uncategorized
Canadian Home Sales and New Listings Plunge in April
Record Declines in Canadian Home Sales and Listings in April The pandemic shutdown has put every sector of the economy into a medically induced coma, so, of course, the housing sector is no exception. Data released this morning from the Canadian Real Estate Association (CREA) showed national home sales fell a record 56.8% in April,…
May 8, 2020
Category: About Sherry Articles Media Reporting on Sherry
Inaugural Real Estate Town Hall
Click here to listen to Dr. Sherry Cooper, along with Ben Rabidoux and Jasmine Cracknell-Young, provide their insights at the 2020 Toronto Real Estate Town Hall meeting.
May 8, 2020
Category: About Sherry Articles Media Reporting on Sherry
Historic Job Losses in April in Canada As the Economy Bottoms
Pandemic Batters Canadian Jobs Market A Recession Like No Other The Canadian economy has been put in a medically induced coma. Never before in modern history have we seen a forced shutdown in the global economy so, not surprisingly, the incoming data for April is terrible. There is a good chance, however, that April will…
May 7, 2020
Category: About Sherry Articles Media Reporting on Sherry
A Moment on the Markets with Dr. Sherry Cooper and Barry Cohen
Click here to watch Dr. Sherry Cooper and Barry Cohen discussing COVID-19’s impacts.