Happy Monday Morning! Some good news on the inflation front in Canada this past week. Headline inflation ticked in at 5.9% year-over-year, below market expectations of 6.1%. Inflation in services, which is one of the key figures policymakers are watching, eased to 5.3%, from 5.6% in December. The Bank of Canada’s preferred median and trim inflation measures continue to ease, now running at around 3.5% on a 3-month annualized basis. Progress.
That’s not fair … 8.6% per year. Even when RE was booming, we never saw such aggressive increases. People cheering it on … wait til you buy a home after lots of sacrifice. Trust me you will feel differently. Such increase are not sustainable for most stretched thin homeowners.
That’s not fair … 8.6% per year. Even when RE was booming, we never saw such aggressive increases. People cheering it on … wait til you buy a home after lots of sacrifice. Trust me you will feel differently. Such increase are not sustainable for most stretched thin homeowners.
Great read! Thanks for making this information digestible for retail investors.