Housing Affordability Erodes Further With Record-Low Supply

General Wing Kei (Winson) Lam 17 Jan

Housing Affordability Erodes Further With Record-Low Supply Housing affordability remains a huge political issue and with the Department of Finance working on the upcoming budget, no doubt measures to reduce home prices will be front and center. What we desperately need is dramatic increases in new housing construction, which has been woefully constrained by local […]

Read More

Another Blockbuster Jobs Report in November

General Wing Kei (Winson) Lam 3 Dec

Another Blockbuster Jobs Report in November Statistics Canada released the November Labour Force Survey this morning, reporting employment gains of 153,700 last month–four times bigger than expectations. The unemployment rate fell to 6% from the 6.7% rate posted in October and is only 0.3 percentage points above the 5.7% rate posted in February 2020 before the […]

Read More

Canadian Economy Bounced Back Sharply In Q3

General Wing Kei (Winson) Lam 30 Nov

Canadian Economy Bounced Back Sharply In Q3 In line with the Bank of Canada’s forecast, the economy rebounded sharply in the third quarter following the weak performance in Q2. Stats Canada announced this morning that GDP grew by a whopping 5.4% in Q3 following the downwardly revised 3.2% earlier in Q2. As pandemic restrictions phased out […]

Read More

Inflation Surge Is No Need For Hysteria

Latest News Wing Kei (Winson) Lam 17 Nov

Inflation Surge Is No Need For Hysteria StatsCanada today reported that consumer price inflation rose to 4.7% from year-ago levels in October, compared to 4.4% in September. This is in line with market expectations and is well below the US’s 6.2% pace reported for the same period. Inflation is rising all over the world, the […]

Read More

Housing Dampened Economy in Q2

Latest News Wing Kei (Winson) Lam 31 Aug

Housing Dampened Economy in Q2 This morning’s Stats Canada release showed that the economy unexpectedly contracted in the second quarter by 1.1%, down from the revised 5.5% gain in the first three months of the year. The Canadian dollar dipped on the news to $.7921 as questions of resiliency in the face of the delta […]

Read More

Annual Inflation Hits 3.7% in Canada–A New Election Issue

General Wing Kei (Winson) Lam 18 Aug

Annual Inflation Hits 3.7% in Canada–A New Election Issue This morning’s Stats Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month in which inflation is above the1% to 3% target band of the Bank of Canada. […]

Read More

Canada’s Jobs Recovery Continued in July

Latest News Wing Kei (Winson) Lam 9 Aug

Canada’s Jobs Recovery Continued in July Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were shy of expectations. The report signals the economic rebound is intact and shows companies are finding workers as pandemic restrictions vanish. The smaller-than-expected increase, though, could cast some doubt on the pace […]

Read More

Residential Market Commentary – Property: Bet you can’t own just one

General Wing Kei (Winson) Lam 3 Aug

Residential Market Commentary – Property: Bet you can’t own just one Be the expert Aug 3, 2021 First National Financial LP A new survey by realtor Royal Lepage suggests a significant number of Canadians own two or more properties.  It further suggests the majority of those people are renting them out, and Millennials are getting […]

Read More