Business Report’s Post

Rates are in a holding pattern for now. The Bank of Canada made its April announcement, and to no one’s surprise, it held the overnight lending rate at 5%. There are many signs indicating Canada’s economy is weakening, like rising unemployment. Unemployment increased 0.3% last month to over 6% for the first time since 2017. The composition of employment is also a red flag as we continue to see weakness in private-sector employment being offset by growth in the public sector. There has been more hiring of Public Sector Workers & Civil Servants during Justin Trudeau’s term than any other Prime Minister in recent Canadian history. In the announcement, Tiff Macklem, the BoC governor, left the door open for a potential rate cut in June. This was a shift in language; after months of no indications of possible rate cuts, they are finally not denying the potential for rate cuts to come. The concern now is the diverging economies between Canada and the US. The US inflation numbers were announced this week, and America’s reaccelerating CPI data is leading many to believe that the Federal Reserve will be forced to hold rates in the US for the rest of the year. If the Bank of Canada starts lowering interest rates sooner, international money will flow to the higher rates in the U.S., raising the value of the U.S. buck relative to other currencies, such as the loonie. 30-Year Amortizations is back, but for who … Insured 30-year amortizations are returning after a 12-year absence, with a few strings attached. Starting August 1st, insured extended amortizations will be available to first-time buyers purchasing new construction only. That’s right; this is only for first-time buyers who are buying a property under a million dollars, purchasing for the primary residence, and only if it is new construction. First-time home buyers make up about 43% of the home buyers in Canada, and Insured Mortgages make up only 18% of all mortgages. When you factor in how many of those are for new construction primary residences - this may impact 2% of all home buyers. This seems more like political pandering than a real policy change. The idea is to help builders construct new homes while at the same time helping first-time home buyers enter the market. New construction has plummeted with high-interest rates and low demand. While the policy is well-intentioned, the actual impacts will only be felt by a small group of people.

Experts react to SARB's 0.25% interest rate cut and its impact 🏘 In a significant move today, the South African Reserve Bank has lowered the interest rate by 0.25 percentage points. This decision is expected to have a significant impact on consumers, businesses, and the overall economy. Experts are already sharing their insights on what this rate cut means for South Africans. 🌍 #blairgowrie #property #properties #southafrica 📚 Read more on the link below ⬇️ https://lnkd.in/dnN5uErp

The Monetary Policy Committee has voted to keep the Bank Of England Base Rate at 5.25% for the 7th consecutive time in a row. Since the rate was increased to 5.25% last August inflation has now reduced back to within the government target of 2%. There are mixed feelings about the decision - some people feel that keeping the rate the same is cautious and sensible rather than reducing too soon when we have just got back to the target inflation level. Others feel this should have been reduced to ease the burden on borrowers. The next review is due on the 1st August.... we will watch and wait! #bankofengland #monetarypolicy #mortgages #inflation #baserate

Big Announcement From The Bank Of Canada📢📢📢 Today The BOC Cut Rates To 4.25% 😮 It's worth considering how lower borrowing costs might influence buying behaviours and impact various sectors. Will this rate cut be the catalyst for a market rebound, or are there other factors at play? What Do You Think? Shoot me a DM or give me a call at 📲 905-499-8800 #ptrealestate #realtor #torontorealestate #torontorealeststaeagent #torontorealtor #realestatetoronto #gtarealestate #torontohomes #torontorealestatemarket #realestateagent #realestateinvesting #realestateinvestor #realestateexpert #remax #remaxhustle #investment #realestateinvestment #remaxwest

The Bank of Canada will be making a rate announcement tomorrow, April 10th. Be sure to keep an eye out for our next post where we'll fill you in on their decision. #NiagaraAppraisals #GTARealEstate #GrimsbyAppraisers #HamiltonRealEstate #OntarioAppraisals #HomeValuations #NiagaraRealEstate #GrimsbyHomes #HamiltonProperty #Valuation #RealEstateAppraiser #AskAnExpert #CanadianFinance #NiagaraHomes #Property #MarketUpdate #CanadianEconomy

【 📣 Breaking News】 The Bank of Canada cut its policy rate by 25 basis points for the third time in a row 👏🏻 The prime rate has decreased from 6.7% to 6.45%. Therefore, for those who have a variable rate credit product, payments will decrease by approximately $15 per month for every $100,000 of mortgage. 💰 With inflation easing to 2.5% in July and steady economic growth, the focus remains on stabilizing prices and navigating economic challenges ahead. The next scheduled date for announcement is October 23rd, 2024 📅 https://lnkd.in/ggYnF78E

Finally, after no change in the repo rate for seven consecutive meetings, the South African Reserve Bank's (SARB) Monetary Policy Committee (MPC), announced today (19 September) a .25 basis point cut, taking the interest rate down to 8.00%, with the prime lending rate now set at 11.50%.   This cautious approach brings a small sigh of relief to strapped households, who have struggled with the cumulative 475 basis point hike since 2021. With inflation easing considerably, the SARB having reached its target range, inflationary pressures appear to be easier to manage, although inflation will always remain a concern. If inflation drops to below 4% in October, we have no reason not to expect the repo rate to drop again in November, even by as much as 50 basis points. More details: https://lnkd.in/dnJgvhTt --- Seeff Property Services Pty Ltd | Samuel Seeff | Remax | Adrian Goslett | Tyson Properties South Africa | Chris Tyson | Firzt Realty Company - Head Office | Stephen Whitcombe | Pam Golding Properties | Andrew Golding #SARB #SouthAfricanReserveBank #RepoRate #InterestRate #Property #Loan #Finance #Investment #SouthAfrica

The South African Reserve Bank (SARB) recently made a significant move to reduce the repo rate by 25 basis points, bringing it down to 7.75% in November 2024.

Exciting times in the world of finance! Today, the Bank of Canada released its latest monetary policy update. 🏦 🔹 Key Takeaways: The policy interest rate remains unchanged at 4.75%. Inflation is expected to return to 2% by mid-2025. The Bank emphasises the importance of monitoring global economic developments. As mortgage brokers, we keep a close eye on these updates to provide the best advice for our clients. Staying informed helps us navigate the ever-evolving financial landscape and ensure we offer tailored solutions. For a deeper dive, check out the full press release here! https://lnkd.in/gGc3_y5A #EconomicUpdate #BankOfCanada #MortgageBroker #FinanceNews #StayInformed #EastToWestGroup

Big Announcement From The Bank Of Canada📢📢📢 An Unexpected Rate Cut At The End Of The Year Brings Rates To 3.75% 😮 It's worth considering how lower borrowing costs might influence buying behaviours and impact various sectors. Will this rate cut be the catalyst for a market rebound for Spring 2025? What Do You Think? Shoot me a DM or give me a call at 📲 905-499-8800 #ptrealestate #realtor #torontorealestate #torontorealeststaeagent #torontorealtor #realestatetoronto #gtarealestate #torontohomes #torontorealestatemarket #realestateagent #realestateinvesting #realestateinvestor #realestateexpert #remax #remaxhustle #investment #realestateinvestment #remaxwest