INTEREST RATES March 6, 2024 led to the 5th straight decision from the Bank of Canada to keep its policy rate flat leaving bank prime at 7.20% and leaving lenderslooking for signs that the central bank would “green-light” a rate drop. Source: CMHC INFLATION The central bank said that inflation is still too high but … Continued

EXECUTIVE SUMMARY Regardless of current inverted bond yields and Canada’s economic contraction of GDP in Q3, Metro Vancouver and the Fraser Valley continue to be a robust place for commercial real estate because of the need for housing and the opportunity for investment in performance assets such as multifamily rentals. With interest rates now flattening … Continued

INTEREST RATES Canada’s Overnight Rate climbed steadily to 4.50%; a level not seen since November 2007. With short-term rates rapidly and artificially propped up, Canada’s yield curve has become inverted over the past several quarters, indicating a very likely upcoming policy-induced recession. Source: Impact Commercial INFLATION Inflation is trending down overall, but it remains elevated … Continued