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by Conrad Zurini | Owner and Broker of Record&nbsp;
I love the holidays! Last year&rsquo;s holiday break was super chill for my family and I. Christmas fell on the Sunday which meant extra quiet time at home, Monday and Tuesday. Although looking back now, it was the calm before the storm...
The 6 months prior to the end of the year proved to be challenging for buyers, sellers and of course, us REALTORS&reg;. Mortgage rates were skyrocketing (4 percentage points to be exact), and home prices seemed like they were in free fall. With all that going on, there was talk of the looming 'R' word... a Recession. However, the Canadian consumer was too busy trying to make sense of it all and were more concerned about making ends meet and navigating rising interest rates.
There was this tiny voice in the media that kept talking about a recession looming, and whether it would be long, short, soft or a hard landing. The funny thing about a recession is that we could be 6 months into one or 6 months out of one and no one would even know. The economy is like a big ship, it moves slowly from one direction to the other in order to steer away from a major obstacle. The captain must look well in front of it to be able to steer clear. In other words, what the central banks do today won&rsquo;t show up in the economic data for months, or even years.
Let&rsquo;s go back to the holidays, this year my circle of friends and family (my mom excluded, I did really like the gift she got me) decided to not buy each other gifts. The reason to not purchase gifts this year, was that we all agreed we didn&rsquo;t need anything and that gift giving is wasteful. Since when does buying a gift fulfil a need? I need antiperspirant, but I don&rsquo;t think anyone would get me that as a gift. A gift is frivolous and whimsical, it's something that you wouldn&rsquo;t buy yourself. Not 'needing anything' is just a rouse for 'let's conserve our resources because things might get tight down the road.' See how the &lsquo;R&rsquo; word plays with our psyche?
Central Banks like the Bank of Canada and the US Federal Reserve are charged with one thing and one thing only, the steward of inflation. They were like me and my relationship with the snooze button. I wake up pretty early every day, and I set my alarm an hour earlier, you know why? Because I love the luxurious 10 extra minutes that I get when I gently reach over and press snooze. Those 10 minutes are what sweet dreams are made of; it may be psychological, but I find when I cheat my alarm and steal extra time, it is so gratifying. The alarm bells were ringing early on when it came to inflation, we saw signs of it in late 2020, but the BOC and the Fed kept pressing the snooze button. When it was time to wake up, they used a sledge hammer to turn off the alarm.
Now For The Good News
There was so much data floating around that made January 25th&rsquo;s quarter point rate hike inevitable. Employment numbers were very strong in December, (what&rsquo;s wrong with 5% unemployment?) and the BOC hates a tight labour market, and inflation. Though moving in the right direction, inflation is still stubbornly high. However, the interest rate pause is around the corner. Current economic data shows us that if we were to go into a recession, (barring any more rate increases) it would be mild, because of strong employment and excess consumer savings. Many economists argue that inflation will drop from 7% to 4% relatively quickly, like we have seen in the US (from 7.11% to 6.45%) and most recently in Canada (from 6.8% to 6.3%). However, the last mile from 4% to 2% is going to be where there will be some heavy lifting. Does that mean the pause on rates is much longer than we expect? Well maybe, and that once we are there (at 2% inflation), rates could stabilize between 3% to 4%.
What&rsquo;s All The Fuss About?
According to the Canadian Real Estate Association, home prices are 33% higher than in 2019, (pre-pandemic). Let&rsquo;s all agree that the pandemic was a game changer; emotions were high, certainty was low. Many who bought during this period had seismic changes to their lives, especially the movement from the office to home. No one could travel so your home quickly became the centre of your work and leisure life. We can&rsquo;t fault people for making decisions because their individual circumstances changed, during an unprecedented event. Today life goes on and many people&rsquo;s situations are still changing and driving the real estate market. The last 9 months, the real estate market was in a holding pattern as consumers got their heads around 7 interest rate hikes, and home prices re-adjusting. Rest assured the uncertainty of the market has began to be flushed out, I have a theory it takes 9 months (like pregnancy!) for new life to enter the market which is driven by personal circumstance.
The Wild Card&hellip;.An Election in Canada.
Is it fact or fiction that there has never been a mortgage rate increase prior to a US presidential election? I have poured over some data and found it to be very random. So I went to the year that is the granddaddy of mortgage rate increases, and the run up to 18.44% in the US. In October 1981 (Canada had a similar interest rate event as well in the early 1980&rsquo;s) almost one year after the election of Ronald Reagan on November 4th 1980. In February of 1980, rates in the US were 12.85%, in April they went as high as 16.35%, and by July the height of summer campaign barbecue season, they dropped to 12.85%. Ronald Reagan was leading in the polls against Jimmy Carter, and was positioned as a leader who could turn the economy around, amongst other things. By November 7th 1980, rates had settled at 14.08% and began to escalate in early 1981. Ironically one thing all economists agree on is that the economy in the US will be in full swing, with inflation at 2% by 2025, just in time for you know what&hellip;.the US presidential election. In Canada we had an election on February 18, 1980 where Brian Mulroney beat the incumbent Pierre Eliot Trudeau. Inflation was at 9.14% in 1979, and at 10.13% in 1980, and had steadily climbed from 1976. Interest rates were 12.10% in 1979 and 12.89% in 1980. It wasn&rsquo;t until after the election in 1981 that the bank rate climbed to 19.93% and prime rose to 19.29%. Is this coincidence that the BOC and The Fed sat on the sidelines when inflation was going through the roof? Did someone bench the BOC and The Fed during this period of political transition? Is there any influence from the federal government on Central Banks? Time will tell, and if the Liberals are forced into losing power due to a non-confidence vote this spring, keep an eye on the overnight rate, Christmas could come early for the Canadian Home Buyer and Seller.
Affordability is Coming Back To The Market
What is uncanny to me is the tale of the two markets in 2022, Q1 and Q2 were all about FOMO (fear of missing out), and Q3 and Q4 were all about FEAR. The good news is that the market really opened up for first time buyers, bringing prices down which means lower monthly payments (even with higher mortgage rates) and lower down payments. When rates were low and prices were high, raising a down payment became the &lsquo;impossible mountain to climb&rsquo;. When rates began rising, the monthly payment became the &lsquo;impossible mountain to climb&rsquo;. When the market was fast and competition was furious, getting the house was an &lsquo;impossible mountain to climb&rsquo;. Now that we have come close to the end of the &lsquo;rising rate cycle&rsquo; and prices are stable, if a REALTOR&reg; finds a buyer&nbsp;the house&nbsp;(something they just &lsquo;had to have' in February of 2022), they don&rsquo;t pull the trigger. How does that make any sense??? 11 months ago the home that was 1.2 million dollars needed 20% down ($240,000.00), is now $990,000.00, and can be purchased with 5% down ($49,500.00)&hellip;.What am I missing???
This is the first time in my business life where I have learned so much information about what the Bank of Canada is going to do next. Stop trying to find the bottom of the market, and the end of rate hikes!!! The market has really began to stabilize, and we have all the information you need when it comes to mortgage rates. There are 2 strategies for success with rates, barring we do not see a repeat of 1978 in Canada described above. Inflation kept going up and the BOC responded, but eased off (they thought they had hammered inflation enough or they were subject to political influence), then in 1981 rates took off again.
Strategy #1&nbsp;- Look at the 1 and 2 year closed rates which may be high, but the great thing about those mortgages is that you can renew as early as 6 months prior to your maturity date, which gives you some runway to lock into rates.
Strategy #2&nbsp;- Don&rsquo;t do anything if you currently have a variable rate mortgage. Since 1975 there were only 4 years when the 5 year rate was better than the variable rate. Also according to Robert McLister (Globe and Mail January 27, 2023), when the prime rate (TD 6.85%) is more than 20% above the 5 year average (TD 5.54%), &ldquo;there is a less than 1 in 7 chance that locking in long term is the right move&rdquo;. As long as you can stomach the ride, and play the odds, go with this strategy. Where is Consumer and Business Sentiment When It Comes to the &lsquo;R&rsquo; Word The Bank of Canada just released (January 16, 2023), the results of a survey on Consumer and Business Expectations as of Q4 2022, with some very interesting results. Most businesses felt that the supply chain issues and labor shortages were easing. Most consumers surveyed felt that inflation will ease by the end of next year and into 2024. Most consumers and businesses &ldquo;expect a mild to moderate recession.&rdquo; Also a larger percentage were going to put off larger purchases, with nearly 15% saying they will make purchases sooner. Remember this survey was taken during a second consecutive rate increase of 50 bases points, which would curb results.
Stop Judging The Market by a Single Good or Bad Quarter
So let&rsquo;s stop judging the economy or the real estate market by just one quarter or 6 months for that matter. In the US, (possibly Canada as well) the fourth quarter of 2022, was the worst ever recorded in real estate sales history. Should we take that quarter and apply it to the whole real estate market going forward? Same goes for Q1 of 2007, Q1 of 2009, Q1 of 2017, Q1 of 2018, or Q1 of 2022 for that matter. The market is fluid and finds its own rhythm, just like I have been told many times, that I have the rhythm of Elaine Benis (Julia Louis-Dreyfus), from Seinfeld. I dance to my own drum, and so do all of us. Remember service providers like us are in the human behaviour business, it's beholden upon us to educate in order to empower our clients to make a decision, to whatever the rhythm they possess.&nbsp;

The 6 months prior to the end of the year proved to be challenging for buyers, sellers and of course, us REALTORS®. Mortgage rates were...

The looming 'R' word... a Recession.

The 6 months prior to the end of the year proved to be challenging for buyers, sellers and of course, us REALTORS®. Mortgage rates were skyrocketing (4 percentage points to be exact), and home prices seemed like they were in free fall. With all that going on, there was talk of the looming 'R' word... a Recession.

The 'R' Word

<img src="https://cdn.buttercms.com/qFnJ30sRQsWvqHixcKmm" alt="undefined" />
By Conrad Zurini | Broker of Record/Owner
What you are about to read is far from medical advice. It is more of a metaphor on how the human mind works with too much information at its finger tips. A few weeks ago my body put me on a wild goose chase to figure out what ailment I was experiencing.
It all started early one morning at 3:00 am when I woke up with a burning pain in my arm. It was my left arm, (you know what that means), so I went to Dr. Google and you know what they said. Then the pain went to my back, and you know what I thought. This weird left arm pain continued and I had a feeling of being generally unwell. Later that day I phoned someone I knew who just had a major heart attack, and he generously went through his journey from symptoms to the actual heart attack itself. My mind began to take over, and his advice to me was stellar. But being a typical man, I took an Advil and my classic symptoms of a heart attack ended up going away.
I then proceeded with my day and did an upper body workout. One day later I felt an ache in my left shoulder and my shoulder blade. I chalked it up to some muscle strain from my workout. The next day, no matter what I consumed, I felt nauseous, I told my mom that the smell of coffee made me nauseous, and she told me that happened to her when she was pregnant. Could I be pregnant and my body was sending me all these messages? Just kidding! I started feeling fatigued and had occasional headaches, coupled with every other symptom. Dr. Google asked if I had a life insurance policy.
The funny thing is, as the symptoms came and went, one always persisted - itching on my back on my left side. Nothing appeared to be there for 1 week, but all of a sudden a small rash appeared at the site of the itch. However, now when I scratched it, it felt like my back was on fire. So of course, I went back to Dr. Google and did a long tail search. That&rsquo;s when you make a long list in the search bar. Google gave me a list of 10 things it could be, each one worse than the other. The third on the list, (and you may have guessed it already), was dreaded SHINGLES!!!! I took a very unglamorous selfie of my back and sent it to my doctor, to which he responded &ldquo;it&rsquo;s definitely shingles, where do I send the prescription?&rdquo;
I&rsquo;m happy to say I am on the mend, however it made me think of all the searches that occur on Google everyday, and all the health advice we get from our friends and family. And I thought how frustrating it must be for the medical profession when people treat themselves with Dr. Google. So I decided to do searches about our industry&hellip;real estate. I searched &lsquo;when is the best time to buy a house&rsquo;, or, &lsquo;should I sell my house now&rsquo;. The answers were not really scary and lacked any quantitative analysis. But what got my attention was what &lsquo;People also searched for&rsquo;. These included: &rsquo;Should I sell my house before the market crashes&rsquo;, &lsquo;should I sell and rent instead&rsquo;, &lsquo;Is it smart to buy a house right now&rsquo; and &lsquo;will house prices drop in 2023&rsquo;.
If you have read any of my previous blogs, I try to give advice with a heavy dose of quantitative analysis. This article is no different, so lets take a deep dive into the collective health of the Canadian real estate market.
Buyer Remorse?
Recently the Globe and Mail did an informal study and published some of the results on November 10th 2022. While recent home Buyers may feel the pressure of the market, inflation and rising interest rates, few show regret or feel they have to unload their burden. When home Buyers were asked about their current level of financial stress, only 3.4% said &ldquo;we may have to sell our place&rdquo;. And as far as I&rsquo;m concerned the most important question in the survey that truly measures home Buyers sentiment, is the one which asks about their attitude toward home ownership. Only 7.7% of respondents regret buying; nearly 25% are loving it; 36.4% said owning a home is stressful but worth it; and the rest were indifferent.
See Graph Below
<img src="https://cdn.buttercms.com/PdqRnVoeQyyQmISRp57q" />
To Variable or Not to Variable
A 2001 study by professor Moshe Milevsky from York University, proved that for 50 years (1950 - 2000) variable rate mortgages saved borrowers money 88% of the time over fixed rate mortgages. Milevsky, in a recent interview explained, how currently in mortgage history we are in the 12% zone. What is unexpected about conventional mortgage knowledge is the fact that variable mortgages reign king in the Canadian market. As of August 2022, variable rate mortgage originations outstrip fixed mortgages compared to pre-Covid levels. Is it that today&rsquo;s Buyers are confident in the market, and see these high interest rates as temporary? Many mortgage specialists and Realtors, are advising their Clients to take either a short term fixed, or a variable rate mortgage, and ride the temporary storm before rates drop and home prices in turn increase.
Private Lenders Are Swamped
As the overnight rate rises in Canada, and the stress test rises along with it, Canadian home Buyers are seeking out alternatives to traditional lenders. As a result of this voracious appetite, private lenders are increasing their equity requirements to stave off demand. It was recently reported, (Globe and Mail November 12, 2022), that private lender MCF Mortgage Investment Corp., had to suspend new applications because it was &ldquo;inundated with new borrower applicants&rdquo;.
Rents&hellip;They Are A Rising
According to Rentals.ca, year over year rental rates have risen 11.8% over all property types, and 13.97% for one bedrooms in Canada. A one bedroom (October 2022) in Vancouver is up 17.2% ($2,576), up 23.7% in Toronto ($2,478), up 15.1% in Burlington, up just 5.6% in Oakville, up 13.3% in Hamilton, and 17.3% in St. Catharines. Since interest rates began to rise on that fateful day in March 2022, rents in Canada have increased by 9.2% while the benchmark resale price has fallen nearly 10%.
The Final Word on the Health of The Canadian Housing Market
What does billionaire Steven Smith know that every financial reporter, bank economist, and CMHC analyst doesn&rsquo;t know? He just put a bid in for $1.7 billion dollars to buy Home Capital, a leading alternative lender in Canada. A far cry from the days back in 2017, when Home Capital was saved from the brinks of financial ruin, and the infamous Warren Buffett bought a 19.9 stake in the &lsquo;B&rsquo; lender. Buffett&rsquo;s Berkshire Hathaway Inc. recently sold their position, and earned them a 70% return, allowing Steven Smith an opportunity to launch a takeover bid. Smith&rsquo;s favourite saying is &ldquo;Be greedy when others are fearful&rdquo;. It sounds like he is making a solid bet on the Canadian Housing market, and has no fear of any collapse. You see, of all the links in the chain of the Canadian Housing market, &lsquo;B&rsquo; lenders are one of the weakest. The only weakness Smith sees is in the way the health of the housing market is portrayed day after day in Canada. We are in the age of the self educated consumer, and I applaud Canadian home Buyers and Sellers for researching the market, but eventually we have to treat our condition and/or our circumstances with professional advice.

By Conrad Zurini | Broker of Record/Owner

What you are about to read is far from medical advice. It is more of a metaphor on how the human mind works with too much information at its finger tips. A few weeks ago my body put me on a wild goose chase to figure out what ailment I was experiencing.

Does the Canadian Housing Market Need Medical Attention…Ask Dr. Google.

What you are about to read is far from medical advice. It is more of a metaphor on how the human mind works with too much information at its finger tips. A few weeks ago my body put me on a wild goose chase to figure out what ailment I was experiencin

By <a href="https://realintro.com/conradzurini" rel="follow">Conrad Zurini</a>, Broker of Record / Owner
Times really have changed. Does anyone remember any other time when we all knew when the Bank of Canada and/or the US Federal Reserve met. Who cared?!?! Do you remember any other time when people would comment on inflation numbers or wait with baited breath when the new monthly inflation or Consumer Price Index (CPI) numbers were coming out?
When did we become such financial nerds? Whatever happened to getting a job, getting married, and simply buying a house or renting an apartment? What ever happened to deciding to start a family and simply going out and buying a larger home so that &ldquo;Junior&rdquo; can have a backyard to play in? Then as your family unit grew, what ever happened to simply buying an even larger home? You used the equity in your current home, which came from paying your home down and some annual appreciation. Until now, I don&rsquo;t believe that anyone ever paid attention to interest rates or inflation, they just went to their financial institution, got pre-approved, and did what they needed to do.
They weren&rsquo;t focused on timing the bottom of the market or waiting for interest rates to drop or for inflation to be at 2%. They weren&rsquo;t watching unemployment rise. And we liked it like that!!!! Mr. Richard Tiffany Macklem, otherwise known as &ldquo;Tiff&rdquo;, is the Governor of the Bank of Canada (I guess he didn&rsquo;t want to be known as &ldquo;Dick&rdquo; Macklem, which is good foresight on his part considering he raises rates month after month after month). Anyways, I digress. Recently Tiff, speaking at a press conference after annual meetings of the International Monetary Fund and the World Bank, said that &ldquo;the Canadian economy is still overheating, with demand out-stripping supply, and the labour market needs to weaken to restore price stability.&rdquo; The labour market needs to weaken!?!? Huh?
So the powers that be want to cut off the economy at the knees. The last time I remember inflation being tied to interest rates I was in an economic history class taught by none other than the infamous Peter George, former three-term (fifteen-year) President of McMaster University. So stop calling it raising interest rates to cool inflation and label it what it is: wage and price controls. Aren&rsquo;t governments supposed to be about increasing jobs? What am I missing? Someone should tell Tiff about the great resignation that occurred after the pandemic, that supply chains were cut off, and that Canadian consumers have to make unprecedented savings to buy consumer goods. Maybe someone should whisper in Tiff&rsquo;s ear to read &ldquo;<a href="https://realintro.com/conradzurini/posts/boom-bust-or-echo-the-canadian-real-estate-market-re-visited-2" rel="follow">Boom, Bust and Echo</a>&rdquo; so that he can discover that one of the largest segments of our population is Baby Boomers. What&rsquo;s the average age of a Baby Boomer? It&rsquo;s 56 to 75: the sweet spot of retirement. According to 2021 census data, 24.9% of the Canadian population is made up of Baby Boomers. That means that a significant amount of people will be leaving the labour market and need to be replaced. So how is Tiff&rsquo;s theory of raising rates going to stop employment growth when there is a mass exodus of workers? As interest rates rise, retirees will take advantage of higher bank account interest rates. How are we going to replenish these workers and reduce employment rates at the same time?
Back during WWII, many countries, including Canada, instituted price controls and rationing to prevent price gouging and price increases due to wartime shortages. Shortages?! Sound familiar? These measures were largely abandoned soon after the war as they proved ineffective against the overwhelming demand for goods and services. Sound familiar?
From 1975-1978 inflation was at an all-time high. In 1975, it had reached 10.9% and showed no sign of letting up. Trudeau Senior was at the helm and, as a result of such high inflation, introduced the Anti-Inflation Act into Parliament. The Act contained tighter monetary policies, restricted wage increases, and limited government expenditures. By 1978, the effects of wage and price controls were deemed a failure and many of the results of the program negatively impacted the economy. Sound familiar?
Does History Repeat Itself?
Of course history repeats itself. It may not be the exact same circumstances, but it creates the same results. Case in point: post-WWII versus post COVID-19. Supply has become an issue and inflation kicks in. In Q1 and Q2 of 2017 there was a surge in demand for housing. Sound familiar? That demand caused house sellers to list their homes in droves, supply increased, demand waned in the latter half of the year, and months of supply for all detached homes hit nearly four months (Sept 2022 - 3.26 months, Aug 2022 - 2.68 months, Sept 2017 - 3.19 months and the ten-year average - 2.26 months).
Table 1 represents Hamilton, Burlington, and surrounding areas. It showcases three criteria, on four types of homes, for Sept/Aug 2022, Sept 2017, and the ten-year average. The sales to new listings ratio is a percentage number which measures the temperature of the market, 40% to 60%, is described as a balanced market, under 40% is considered to be a buyer&rsquo;s market, and over 60% is considered a seller&rsquo;s market (Sept 2022 - 43%, Aug 2022 - 54%, Sept. 2017 - 44%, and the ten-year average - 61%).
As far as the sales/list price ratio goes, it is a measurement of how close sales prices are to the list price. Look at the similarities between Sept 2017 and Aug/Sept 2022. The market in both cases had begun to stabilize, illustrating the market is showing signs of predictability when it comes to pricing and market value (Sept 2022 - 97%, Aug 2022 - 97%, Sept 2017 - 98%, and the ten-year average - 100%).
See Table 1
<img src="https://cdn.buttercms.com/9IuH71P2QF6u733UWpez" />
Why I Hate Average Price
A table is worth a thousand words. Table 2 is the percentage change between Aug 2022 and Sept 2022 in North East Burlington (District 35). The fluctuation is staggering: did townhouses go up 17% in one month? Even the median price, which in the absence of something better, like Benchmark Price, would be my go-to, is also erratic, showing that all residential prices went up 11% in one month. When guiding your clients please explain the pitfalls of average price. Your go-to should be Benchmark Price whenever this tool is available.
See Table 2
<img src="https://cdn.buttercms.com/Xlu9a0xqQ2i2tVOSbEKG" />
Provide The Consumer With a Clear and Accurate Snapshot of the Market
If I was looking to buy a home on the Hamilton Mountain, all I would need to make the best possible economic decision is the following chart and a great REALTOR&reg; to help interpret it. Every vital sign of the market is in the graph below and the data is available for every district (the number in brackets), so new outing districts/areas can be compared easily. Being equipped with this high level of information will help a REALTOR&reg; answer those burning questions that many consumers have.
Q: Where is the most stable investment on Hamilton Mountain?
A: Hamilton Mountain District 25 has shown the most consistency from a sales/new listings perspective. In the height of the market that ratio was 69% (March 2022) and, currently, the ratio sits at 69%. This area, no matter the market conditions, still remains sought after and is probably undervalued due to its consistency of being in a seller&rsquo;s market.&nbsp;
Q: Where on Hamilton Mountain can I negotiate the best possible price?
District 16 has the highest months of supply, up 557% from the peak of the market, with days on market up 450%.
Q: What area of Hamilton Mountain will I have the most growth potential?
District 26 had the largest decrease in average price from the height of the market (-37%) and one of the highest sales/list ratios of 1.19%, showing desirability in early 2022. It currently sits deep in Buyermarket territory at 34% of sales/new listings ratio.
See Table 3
<img src="https://cdn.buttercms.com/P3yrjVSGRAJJ4hTF1U31" />
So Where Do We Go From Here?
The answer to this question should be the same no matter what market we are in. Let&rsquo;s remind ourselves why we buy and sell homes: to live in!!!! Our lives take twists and turns. It is daunting to overlay life&rsquo;s circumstances with all the other extenuating data. Work with a professional team (REALTOR&reg;, mortgage specialist, home inspector, lawyer, etc.) and lean into your <a href="https://www.remaxescarpment.com/realtors#/" rel="follow">REALTOR&reg;</a> for data like in the tables prior. There are opportunities in all markets and there are different strategies to success. A great market smoothes the edges of any home purchase and makes us all look like real estate gurus. On the other hand, a transitional market allows the buyer/seller, through the lens of a team of experts, to have control, to smooth out the edges, and make a very smart purchase no matter the circumstances.&nbsp;&nbsp;

Growing up in the family business founded by his parents in 1980, Conrad Zurini has developed a real passion for Real Estate and a commitment to improving the overall client experience. With over 20 years of experience in both Selling and Managing, he has had many achievements in both sales performance and industry development. He was recently received the <a href="https://www.remaxescarpment.com/posts/burlington-chamber-of-commerce-distinguished-entrepreneur-of-the-year-award-dinner" rel="follow">Burlington Chamber of Commerce 2022 Distinguished Entrepreneur of the Year award.</a>

When did we become such financial nerds? Whatever happened to getting a job, getting married, and simply buying a house...

Remember When We Were Oblivious To Interest Rates...

By Conrad Zurini , Broker of Record / Owner Times really have changed. Does anyone remember any other time when we all knew when the Bank of Canada and/or the US Federal Reserve met. Who cared?!?! Do you remember any other time when people would comment on inflation numbers or ...

Blog

The 'R' Word

Does the Canadian Housing Market Need Medical Attention…Ask Dr. Google.

Remember When We Were Oblivious To Interest Rates and Inflation? And We Liked It!