Reporting on Sherry
June 17, 2019
Category: About Sherry Articles Media Reporting on Sherry
May Shows Signs of Improvement In BC and Alberta
Statistics released late last week by the Canadian Real Estate Association (CREA) show that national home sales increased in May. Together with monthly gains in the previous two months, activity in May reached its highest level since early last year when the new B-20 stress testing was introduced. While last month’s home sales stood 8.9%…
June 7, 2019
Category: About Sherry Articles Media Reporting on Sherry
Another Strong Employment Report Signals Rebound In Canadian Economy
It appears that the Bank of Canada’s optimism that the Canadian economy’s growth will pick up in the third and fourth quarters of this year is well founded. Not only was the employment report very robust for two consecutive months, but the jobless rate has fallen to its lowest level since at least 1976. Also,…
May 29, 2019
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Maintains Overnight Rate at 1-3/4%
In a terse statement, the Bank of Canada maintained its benchmark overnight rate for the fifth consecutive meeting and stated that economy was performing in line with the projections in the Bank’s April Monetary Policy Report (MPR). Following a slowdown in economic activity late last year and in the first quarter of this year, the…
May 15, 2019
Category: About Sherry Articles Media Reporting on Sherry
April Home Sales Rise Nationally, But Not In Vancouver
Statistics released Wednesday by the Canadian Real Estate Association (CREA) show that national home sales increased in April with most markets recording increases in both transactions and prices. The number of homes sold rose 3.6% compared with March, on a seasonally adjusted basis. The rebound in sales over the past two months still leaves activity…
May 10, 2019
Category: About Sherry Articles Media Reporting on Sherry
Blockbuster April Jobs Report Signals The Economy Has Turned The Corner
Canada posted a record job gain last month, along with a decline in the jobless rate and a pick-up in wages, providing the strongest signal yet that the economy is coming out of a six-month slowdown. Other data this week portend a rebound in economic activity, including a strong bounce-back in exports and a surge…
May 9, 2019
Category: About Sherry Articles Media Reporting on Sherry
Poloz Says Mortgage Market Should Offer More Options
In a speech early this week, Bank of Canada Governor Stephen Poloz said that it is time for some fresh ideas for Canada’s mortgage market. He suggested that changes could include encouraging longer than 5-year duration fixed-rate mortgage loans, the creation of a market for private mortgage-backed securities and the launch of shared-equity mortgages for…
April 24, 2019
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Reduces Prospects of a Rate Hike
A greater-than-expected slowdown in global economic activity has triggered a slowdown in the pace of interest rate normalization by many central banks. In response to these central bank policy changes and perceived progress in U.S.-China trade talks, global financial conditions and stock market sentiment have improved, pushing up oil and other commodity prices. Oil prices…
April 16, 2019
Category: About Sherry Articles Media Reporting on Sherry
March Home Sales Rebound From Dismal February Showing
Statistics released Monday by the Canadian Real Estate Association (CREA) show that national home sales edged higher in March following the sharp decline in storm-struck February. Overall, however, housing activity remains considerably below historical norms. Home sales rose 0.9% nationally while the benchmark price rose 0.8%. While this is an improvement from the very poor…
April 5, 2019
Category: About Sherry Articles Media Reporting on Sherry
March Jobs Report in Canada Finally Mirrors Weak Economy
The employment report had long been a lone bright spot in an economy that had sunk across the board, so the March slump is not surprising. According to today’s jobs report from Statistics Canada, employment fell by 7,200 last month, mostly in full-time positions in the service sector. Canada’s jobless rate held steady at 5.8%,…
March 19, 2019
Category: About Sherry Articles Media Reporting on Sherry
Federal Budget 2019–Actions for Homebuyers
In its fourth fiscal plan, the Trudeau government spent its entire revenue windfall leaving the deficit projection little changed. In this election budget, Finance Minister Bill Morneau announced $22.8 billion over six years in new spending initiative mostly for homebuyers, students and seniors. Trudeau promised in his first budget to have eliminated all red ink…