Canadian Real Estate, Inflation, Heat Back Up: Rate Increase Coming?

#canadarealestate #canadainflation #bankofcanada

Canada’s real estate market, and its inflation rate, are heating back up – putting increased pressure on the Bank of Canada to raise interest rates at its policy announcement in June.

Links:

Home Prices Rebound in Canada as Spring Market Picks Up Speed:

Canadian Real Estate Prices Rip Higher, Rates May Not Be High Enough:

Inflation climbs to 4.4% in April, beating expectations:

Housing upturn could delay a shift by Bank of Canada to cut rates. What to know:

Bank of Canada holds key rate steady, first major central bank to pause hikes:

National Statistics:

Demand continues to outpace supply as Canadian home sales jump in April:

Statistics Canada says the annual pace of inflation rose to 4.4 per cent in April:

Cooling inflation ‘might have been a false dawn’: How economists and interest rate speculators are reacting to surprisingly hot CPI data:

Canada: Annual CPI inflation unexpectedly rises to 4.4% in April from 4.3%:

Bank of Canada governor defends interest rate: 'It is working. Inflation is coming down':

Consumer Price Index, April 2023:

Canada 5 Year Government Bond:

Canada’s job market stays resilient despite signs of cooling economy:

Job market held strong in April, providing little relief to Bank of Canada:

Bank of Canada Pauses Interest Rate Hikes, Holds at 4.5%:

Bank of Canada considered interest-rate increase in April, minutes show:

Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: [phone] (Call or Text)
Brokerage Lic: 10464
Broker Lic: M16001479

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