Mindblown: a blog about philosophy.

Inflation easing and a slowing economy prompt expectations of a more dovish tone from the Bank of Canada, with no rate cut yet. Forecasts suggest rate cuts in the second half of the year, potentially bringing the overnight rate to 3.50% – 4.00%. Despite easing inflation, the Bank remains cautious about interest rate cuts. Continue…

Edmonton experiences the fastest yearly rent growth in Canada. Mid-Q1avg 1-bedroom rent: ↑ 1.6% MoM and ↑ 27% yearly to $1,270

Economists suggest that a strong housing market and increased federal spending may delay anticipated interest rate cuts until the fall. Some experts believe that the first rate cut could happen in September, citing temporary softness in core inflation. Others argue that the Bank of Canada should not overlook rising shelter costs when considering rate cuts.…

In 7 markets, the gap between monthly mortgage and rent is under $500. Edmonton shows a $253 difference between rent and mortgage payments.

Early-Q1 2024 avg home price: $370,100 – Stress test rate: 7.71% – Mortgage rate: 5.71%