Today we cover:
– Inflation and rate cuts
– Canada’s national housing market stats
– April rental market stats
Chapters:
00:00 Intro
00:39 Inflation
02:33 Why you can’t always trust stats
04:44 National home market stats
06:28 April rental market data
The MillennialMoron Friday Updates are a brief weekly news digest with commentary on Canadian housing, real estate, finance, and economics stories.
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Sources:
Bank of Canada Meeting Dates (Bank of Canada)
https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/
April Inflation Data (Statcan)
https://www150.statcan.gc.ca/n1/daily-quotidien/240521/dq240521a-eng.htm
Food Inflation Data by Month (Statcan)
https://www150.statcan.gc.ca/n1/daily-quotidien/240521/cg-a004-eng.htm
Core Inflation Measures (Bank of Canada)
https://www.bankofcanada.ca/rates/price-indexes/cpi/
Canada 5-year Bond Yield (MarketWatch)
https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx
BAX Market Implied Interest Rates (Montreal Exchange)
https://www.m-x.ca/en/trading/tools/canadian-interest-rate-expectations
BAX Market Implied Interest Rates, Archived from February 2024 (Archive.org)
https://web.archive.org/web/20240202121012/https://www.m-x.ca/en/trading/tools/canadian-interest-rate-expectations
How rate cut bets are changing after April jobs report (Global News)
https://globalnews.ca/news/10487369/canada-unemployment-april-2024/
NBF “Hot Charts” – Population Growth in first four months of 2024 (National Bank)
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/hot-charts/hot-charts-240515.pdf
Labour Force Survey (Statcan)
https://www.statcan.gc.ca/en/survey/household/3701
Quarterly Demographic Estimates (Statcan)
https://www23.statcan.gc.ca/imdb/p2SV.pl?Function=getSurvey&SDDS=3601
Bank of Canada Interest Rate History (TradingEconomics)
https://tradingeconomics.com/canada/interest-rate
RBC Predicts 200 basis points in cuts (Globe & Mail)
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-rbc-economist-predicts-two-percentage-points-of-boc-rate-cuts-within-a/
National Housing Market Stats (CREA)
https://stats.crea.ca/en-CA/
Spring Housing Market Slump (Financial Post)
https://financialpost.com/real-estate/canadian-housing-sales-slump-spring
Real Home Price Index, Canada (St Louis Fed)
https://fred.stlouisfed.org/series/QCAR628BIS
National Rent Report (Rentals.ca)
https://rentals.ca/national-rent-report
CMHC Housing Market Outlook, Spring 2024 (CMHC)
https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/housing-markets-data-and-research/market-reports/housing-market-outlook/2024/housing-market-outlook-spring-2024-en.pdf
source
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