Dave Dillon HomeLife

01/29/2023

“We have increased our policy interest rate to 4.50%. Learn more: https://t.co/4f0sbVBQtC ”

12/16/2022

12/10/2022

12/07/2022

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%.

07/13/2022

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank’s Monetary Policy Report (MPR).

Today, we raised the policy interest rate by 100 basis points, or 1%. An increase of this magnitude at one meeting is very unusual. It reflects very unusual economic circumstances: inflation is nearly 8%—a level not seen in nearly 40 years.

I want to explain to Canadians why we’ve made this decision. There were three key considerations.

First, inflation is too high, and more people are getting more worried that high inflation is here to stay. We cannot let that happen. Restoring price stability—low, stable and predictable inflation—is paramount.

Second, the Canadian economy is overheated. There are shortages of workers and of many goods and services. Demand needs to slow so supply can catch up and price pressures ease.

And third, our goal is to get inflation back to its 2% target with a soft landing for the economy. To accomplish that, we are increasing our policy interest rate quickly to prevent high inflation from becoming entrenched. If it does, it will be more painful for the economy—and for Canadians—to get inflation back down.

06/28/2022

National 🏡 sales dropped 21.7% year-over-year in May 2022 👇

06/25/2022

REALTORS® have adapted to the changing expectations of clients and created open houses that are more of a social event, providing benefits to everyone in attendance.

06/25/2022

📈 See highlights of the latest real estate activity across Canada in our May 2022 housing market snapshot. Share 📩 this info with your clients to keep them informed 👇

06/21/2022

05/19/2022

04/29/2022

Columbia

04/27/2022

Mortgage rates are on the rise. But that should mean the Canadian housing market will start to experience a gradual cooling of demand, slowing price and sales growth.

For more predictions on what’s to come for the housing market, and how your region will be impacted, download the full 2022 Housing Market Outlook: http://ow.ly/SqwW50ISyOe