• Housing is Driving The Canadian Economy. Housing Drove the Economic Expansion in Q1

    Kolbi Turner   |  

    Blog by Kolbi Turner

    This morning’s Stats Canada release showed that the economy grew at a 5.6% annualized rate in the first quarter, after a revised 9.3% pace in the final quarter of last year. That was somewhat below economists’ expectations. Housing investment grew at an annualized 43% pace, by far the biggest impetus of the expansion.

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  • Record December Canadian Housing Market Caps Record Year.

    External Author   |  

    Blog by Kolbi Turner

    2020 Was a Blockbuster Year for Housing

    Despite the fears leading into the pandemic last Spring, 2020 marked a record number of home resales as new listings lagged and prices climbed. December housing data released by the Canadian Real Estate Association (CREA) today shows national home sales surged 7.2% month-over-month (m-o-m) at a time of the year when housing is normally slow. The chart below shows that resales were impressively above their 10-year average.

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  • Canadian Home Sales Hit a New Record For The Month of November

    Kolbi Turner   |  

    Blog by Kolbi Turner

    Canadian Housing Remained Strong in November 

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  • Bank of Canada Holds Rates At Effective Lower Bound–QE Continues

    External Author   |  

    Blog by Kolbi Turner

    Bank of Canada Confirms Commitment To Low Interest Rates

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  • CANADA HAS RECOUPED THREE-QUARTERS OF PANDEMIC JOB LOSSES

    Kolbi Turner   |  

    Blog by Kolbi Turner

    Dr. Sherry Cooper

      DR. SHERRY COOPER

      Chief Economist, Dominion Lending Centres

    Mortgage Brokers In Vancouver

    The September Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions during the week of September 13 to 19, six months after the onset of the COVID-19 economic shutdown. As Canadian families adapted to new back-to-school routines at the beginning of September, public health restrictions had been substantially eased across the country, and many businesses and workplaces had re-opened. Throughout the month, some restrictions were re-imposed in response to increases in the number of COVID-19 cases. In British Columbia, new rules and guidelines related to bars and restaurants were implemented on September 8. In Ontario, limits on social gatherings were tightened for the hot spots of Toronto, Peel, and Ottawa on September 17 and the rest of the province on September 19.

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  • RECORD-SETTING CANADIAN HOUSING MARKET IN JULY

    Kolbi Turner   |  

    Blog by Kolbi Turner

    Canadian Housing Market Very Strong in July

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  • POLOZ SAYS MORTGAGE MARKET SHOULD OFFER MORE OPTIONS

    Kolbi Turner   |  

    Dr. Sherry Cooper

      DR. SHERRY COOPER

      Chief Economist, Dominion Lending Centres

    mortgage brokers in Vancouver

    In a speech early this week, Bank of Canada Governor Stephen Poloz said that it is time for some fresh ideas for Canada’s mortgage market. He suggested that changes could include encouraging longer than 5-year duration fixed-rate mortgage loans, the creation of a market for private mortgage-backed securities and the launch of shared-equity mortgages for first-time homebuyers proposed in the March federal budget.

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  • Q3 CANADIAN GDP GROWTH SLOWED ON THE BACK OF WEAK HOUSING AND BUSINESS INVESTMENT

    Kolbi Turner   |  

    Dr. Sherry Cooper

      DR. SHERRY COOPER

      Chief Economist, Dominion Lending Centres

    This morning, Stats Canada released the third quarter GDP figures indicating an expected slowdown to 2.0% growth (all figures quoted in annual rates), compared to a 2.9% pace in Q2. Over the first three quarters of this year, quarterly growth has averaged 2.2% which is down from the 3.0% annual growth recorded in 2017. The Canadian economy is at or near full capacity, so slower growth is not a bad thing.

    However, while the headline growth of 2.0% was on trend, the details of the report are troubling.

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  • CANADIAN HOME SALES WEAKENED IN OCTOBER

    Kolbi Turner   |  

    Dr. Sherry Cooper

      DR. SHERRY COOPER

      Chief Economist, Dominion Lending Centres

    Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales declined for the second consecutive month in October, edging back by 1.6% month-over-month (m/m) and down 3.7% from year-ago levels. Year-over-year sales in October are now about in line with their 10-year monthly average (see chart below). Existing home sales activity has picked up from levels early this year, but it is still considerably below the boom days of 2016 and early-2017 before the foreign purchase tax was introduced in Ontario (in April 2017), the new OSFI rules were implemented (in January 2018), and Bank of Canada tightening gained momentum.

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  • Season's Greetings from Kolbi Turner

    Kolbi Turner   |  

    Season's Greetings from Kolbi Turner

    Wishing you a Merry Christmas and Happy Holidays from my family to yours. Happy New Year and all the best in 2018 and beyond!

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  • What My Customers Are Saying About Me

    Kolbi Turner   |  

    What My Customers Are Saying About Me

    At Kolbi Turner, I am proud of the work that I do. But, instead of telling you why my customers love me, I’ll let them do the talking! Here’s what some of my customers are saying about me lately:

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  • A Five-Point Checklist to Help You Hire the Best Mortgage Broker

    Kolbi Turner   |  

    A Five-Point Checklist to Help You Hire the Best Mortgage Broker

    You’ve been searching the right neighborhoods to find your “that’s it!” house and picturing yourself making a home there. Dreaming about your future home is great, but there’s plenty to do before you start house hunting for your dream home.

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  • Business Spotlight: Kolbi Turner

    Kolbi Turner   |  

    Thanks for stopping by our blog. If you’re looking for more information about Kolbi Turner, you’ve come to the right place.

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  • Announcing The New Website

    Kolbi Turner   |  

    Announcing new website

    We are delighted to announce the launch of our new website!

    Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer. 

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  • New Website Under Construction

    Kolbi Turner   |  

    New Website Coming Soon!

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