Mindblown: a blog about philosophy.
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Rate cuts are on the way, but not this week, economists say
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…
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Mid-Q1 Edmonton Rent Costs Surpass National Increase
Edmonton experiences the fastest yearly rent growth in Canada. Mid-Q1avg 1-bedroom rent: ↑ 1.6% MoM and ↑ 27% yearly to $1,270
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Spring market may delay Bank of Canada rate cuts
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.…
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Mind the Gap: Rental Costs vs. Mortgages in Edmonton
In 7 markets, the gap between monthly mortgage and rent is under $500. Edmonton shows a $253 difference between rent and mortgage payments.
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Edmonton Homebuyers Required Lower Income in Early-Q1
Early-Q1 2024 avg home price: $370,100 – Stress test rate: 7.71% – Mortgage rate: 5.71%
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