Varunkumar Patel - Mortgage Broker

Varunkumar Patel || February 09, 2024

What January’s jobs report means for Bank of Canada rate cut expectations

On the surface, the January employment report released today had the signs of a relatively strong economic backdrop. Net employment was up by over 37,000 positions and the unemployment...

Varunkumar Patel || December 15, 2023

Housing markets are continuing to feel the chill heading into winter

Affordability concerns are continuing to keep pressure on Canada's housing markets heading into the winter months, the Canadian Real Estate Association (CREA) reported. The month saw continued...

Varunkumar Patel || December 01, 2023

Canada’s labour market posts big gain in November

The country’s labour market held up better than expected in November, with nearly 25,000 net new jobs created. The employment gains consisted of an increase of 59.6k full-time positions and a...

Varunkumar Patel || November 30, 2023

Canadian economy flirts with recession as GDP fell in Q3

The Canadian economy saw negative growth in the third quarter, according to data released by Statistics Canada this morning. This would have been the second straight quarter of negative quarterly...