Canadian consumer price inflation dropped from 3.4% in December to 2.9% in January, opening the door to a Bank of Canada interest rate cut in the coming months.
BC's provincial government has announced that as of January 1, 2025, a 20% levy (the so-called "flipping tax") will be applied to the increase in the value of homes that are sold within 2 years of having been purchased (with exceptions).
The yield on 5-year government of Canada bonds (which strongly influence 5-year fixed mortgage rates) currently sits at 3.61%, down from a recent local peak of 3.80%.
the rennie outlook 2024
Our annual compendium of housing, demographic, and economic predictions for the year ahead.
The sales slump in the Central Okanagan’s housing market extended into January, with last month marking its eighth consecutive monthly decline in transaction counts.
The Vancouver Region experienced declines in both home sales and listings last year as high interest rates weighed on housing market activity.
What’s in store for 2024?
February 2024 • Episode 60
all or nothing
January 2024 • Episode 59
market practicalities of macro-ality and seasonality
December 2023 • Episode 58
it’s finally safe to say that rates have peaked