The Bank of Canada has made its 5th consecutive rate cut, dropping rates by 50 basis points, creating a 150bps differential with US rates - the largest since 1997⁠. While the housing market shows increased activity without price inflation⁠, there's disagreement between former governor Poloz and current governor Macklem about whether Canada is in a recession⁠. A recent poll shows Canadians prefer a strong dollar (61%) over lower interest rates (39%)⁠

• The housing market is experiencing increased activity without price inflation, which the Bank of Canada views as a positive development⁠⁠​
• Former BoC Governor Poloz believes Canada is in a recession, while current Governor Macklem maintains the economy is still growing, though slowly⁠⁠​
• Current market conditions present opportunities for investors with falling prices and rates, but come with risks of declining rents and increasing unemployment⁠

Sign Up For The Next Webinar Realist 

Join the best community in Canadian Real Estate realist.ca

Attend a Meetups  Meetups

Nick 

Instagram.com/mybuddynick

tiktok.com/@mybuddynick

twitter.com/mybuddynick89

Dan

twitter.com/daniel_foch 

instagram.com/danielfoch

tiktok.com/@danielfoch