WEEK OF DECEMBER 23 2024 NEWSREEL WITH VANESSA TOPPLE AND JILLIAN KATZENBACK
As 2024 draws to an end, we put together a video previewing the new format for 2025. Our goal is to bring you more timely news so the weekly Newsreel will become a daily show featuring headlines from all real estate verticals. Enjoy this special preview with Vanessa Topple and Jillian Katzenback....
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CANADIAN INFLATION SLOWS, MORTGAGES PULL BACK WHILE RENTS ACCELERATE
Canadian inflation slowed further last month, but the details show why few people may have felt it. Statistics Canada (Stat Can) data shows progress for the headline measure of the Consumer Price Index (CPI), which decelerated in November. The agency reported a broad-based slowdown, though half of the major components were still growing significantly above the target. One of those components is Shelter, where mortgage interest growth slowed and rents resumed acceleration. Canadian Headline CPI...
read moreCANADA NEEDS LEADERSHIP, NOT CHEAPER POTATO CHIPS
There is never a good time for the federal government to be wracked by political instability because of the snap resignation of a finance minister. But seven weeks before an economic crisis hits the country is undoubtedly the worst time. Chrystia Freeland’s departure from cabinet was dramatic, complete with a resignation letter that catalogued the shortcomings of the Trudeau government. But Monday’s turmoil is not what should concern Canadians. No, the bigger worry by far is the Liberals’...
read moreWEEK OF DECEMBER 16 2024 NEWSREEL WITH VANESSA TOPPLE
A headline caught our attention read – B.C. housing minister says policies to thank for rent price dip. We fact checked the statement....
read moreBANK OF CANADA TO RESUME CAUTIOUS APPROACH TO RATE CUTS NEXT YEAR: TD CHIEF ECONOMIST
TD Bank’s chief economist says the Bank of Canada is unlikely to make another 50-basis point (bps) cut to its overnight lending rate next year as the bank reached the top end of its neutral range with its latest jumbo cut on Wednesday. “At this point, they have hit their neutral range, at least the upper end of what they had previously estimated, and they need to be careful because you can overshoot,” Beata Caranci told BNN Bloomberg in a Thursday interview. “(Which) could provide too much...
read moreTRUDEAU CONSIDERING HIS OPTIONS AS LEADER AFTER FREELAND QUITS CABINET, SOURCES SAY
Prime Minister Justin Trudeau is considering his options as leader, sources tell CTV News, after Finance Minister Chrystia Freeland revealed she will quit cabinet. In an explosive resignation letter published Monday morning, Freeland ignited a storm of confusion and speculation on Parliament Hill the same day she was set to table her fall economic statement – a document that includes key economic metrics such as the size of Canada’s deficit. Leaders from the Conservative party and the...
read moreLIBERAL HOUSING MINISTER SEAN FRASER RESIGNS FROM TRUDEAU’S CABINET, WON’T SEEK RE-ELECTION
Housing Minister Sean Fraser says he will not be running in the next federal election, citing a need to spend more time with his family. Fraser made the announcement Monday morning at a news conference in Ottawa ahead of a cabinet meeting and the fall economic statement. His announcement comes as Chrystia Freeland also announced she is leaving her cabinet post as finance minister. He said he came to this decision months ago, while he was recovering from a back surgery operation and was...
read moreFINANCE MINISTER CHRYSTIA FREELAND RESIGNS FROM CABINET
Ottawa was gripped by political drama on Monday after Finance Minister Chrystia Freeland stunningly resigned from cabinet, hours before she was scheduled to table the Trudeau government’s Fall Economic Statement. “On Friday, you told me you no longer want me to serve as your Finance Minister and offered me another position in cabinet,” Freeland wrote in a letter addressed to Prime Minister Justin Trudeau, which she shared on the social media site X. “Upon reflection, I have concluded that the...
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