There is an unprecedented disparity between the economic and financial situation in the US and Canada. The Canadian economy is far more interest-sensitive than the US and, therefore, slowed more dramatically in response to the Bank of Canada’s restrictive policy to bring inflation back to its 2% target level.

Job Market and Wage Inflation

The jobless rate in Canada has reached 6.5%, well above the level in the US, and job vacancy rates have plummeted. Wage inflation has been sticky at 4.9% but will likely edge downward in response to excess supply in the labour market.

Inflation Trends and Monetary Policy

Inflation accelerated to 2% y/y in October, compared to the cycle-low 1.6% in September, mainly because gasoline price deflation…

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As the new year approaches, it's a natural time to reflect on our personal goals and set resolutions for the months ahead. Your home and finances are key areas where small, intentional changes can lead to big improvements in security, stability, and quality of life.

Create a Realistic Home Budget

A well-planned budget is essential for financial peace of mind. Whether you're new to budgeting or want to refine your approach, creating a realistic budget helps prioritize spending, track bills, and put money toward meaningful goals.

  • Identify Fixed and Variable Expenses: List out fixed costs, like mortgage payments, utilities, and insurance, as well as variable ones, such as groceries and entertainment.
  • Set Savings Goals: Include savings as a…

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Fraser Valley Home Sales Returning to Seasonal Norms in November After October Surge

SURREY, BC – Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions.

The Fraser Valley Real Estate Board recorded 1,136 sales in November, down 15 per cent from October, but 28 per cent above November 2023 sales.

“Buying and selling activity is typically quiet at this time of year,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “But it’s worth noting that November 2024 sales are higher than they’ve been compared to the past two November — a sign that overall activity is picking up in the Fraser Valley and with it, growing buyer…

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Home Buyer Demand Continues to Strengthen in November

VANCOUVER, BC – December 3, 2024

Home sales registered in the MLS® in the Metro Vancouver market rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totaled 2,181 in November 2024, a 28.1 per cent increase from the 1,702 sales recorded in November 2023. This was 12.8 per cent below the 10-year seasonal average (2,500).

“When we saw demand pick up in October, there was still a question over whether it was a blip in the data or the start of an emerging trend,” said Andrew Lis, GVR’s director of economics and data analytics. “While…

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Vancouver is often celebrated for its stunning landscapes, vibrant communities, and outdoor lifestyle. But is it equally friendly to our furry friends? If you’re a pet owner or thinking about getting a pet, this guide explores why Vancouver is a haven for pets and their humans.

Why Vancouver Is a Haven for Pet Owners

Vancouver’s pet-friendly vibe is reflected in its abundance of green spaces, welcoming policies, and community-minded culture. Let’s dive into the various ways this city makes life enjoyable for pets and their owners.

Parks and Green Spaces

Off-Leash Dog Parks

Vancouver is packed with off-leash dog parks where your pets can roam free. Top spots include Charleson Park and Fraser River Park, offering ample space and even…

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