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:

https://www.bloomberg.com/news/articles/2023-05-15/home-prices-rebound-in-canada-as-spring-market-picks-up-speed

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

BMO: https://betterdwelling.com/canadian-real-estate-prices-rip-higher-rates-may-not-be-high-enough-bmo/

Inflation climbs to 4.4% in April, beating expectations:

https://www.bnnbloomberg.ca/statistics-canada-to-release-april-reading-for-inflation-1.1920768

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

https://globalnews.ca/news/9698428/bank-of-canada-real-estate/

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

https://ca.sports.yahoo.com/news/bank-of-canada-holds-key-rate-steady-first-major-central-bank-pause-hikes-150827854.html

National Statistics:

https://creastats.crea.ca/en-CA/

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

https://www.youtube.com/watch?v=lBTQRLziLPs&list=PLOKoTy8yPzZaRjG8ArUm5F6Ny2FEl5rxb

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

https://www.thestar.com/business/2023/05/16/statistics-canada-to-release-april-reading-for-inflation.html

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

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-money-markets-shift-bets-after-hot-inflation-reading-no-longer-pricing/

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

https://www.fxstreet.com/news/canada-annual-cpi-rises-unexpectedly-to-44-in-april-from-43-202305161235

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

https://www.cbc.ca/radio/asithappens/tiff-macklem-inflation-interest-rates-1.6832232

Consumer Price Index, April 2023:

https://www150.statcan.gc.ca/n1/daily-quotidien/230516/dq230516a-eng.htm?indid=3665-1&indgeo=0

Canada 5 Year Government Bond:

https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx

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

https://www.theglobeandmail.com/business/article-canada-adds-more-jobs-than-expected-in-april-jobless-rate-holds-at-5/

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

https://ca.finance.yahoo.com/news/job-market-held-strong-april-providing-little-relief-bank-of-canada-123828699.html

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

https://storeys.com/bank-of-canada-interest-rate-pause-march/

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

https://www.theglobeandmail.com/business/article-bank-canada-minutes-april/

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