Up or Down - What is predicted for the Canadian interest rates in 2019?

Posted by Mir Khan on Tuesday, May 14th, 2019 at 12:00pm.

Hello Readers,

Thank you for taking time and reading ...

The BIG question is, what are the Canadian interest rates for 2019 suppose to do? ...

Well, depends on who is responding. For example, based on what Derek Holt (vice president and head of capital markets economics for Scotiabank) thinks, it is going up. But, based on what Paul Ashworth (chief North America economist for Capital Economics) thinks, it will go down.

Looking at what is happening in the market and new information we found out as of Friday, May 10, 2019 from Labour Force Survey from Statistics Canada, which suggests 107,000 jobs were created in April this is the highest jump on record. Also another fact is that, in the first four months of this year, employment increased by 220,000, which is closing in on the 238,000 job tally for the entire calendar year of 2018. Almost 70% of this increase is full-time employment!

Also, over 44% of the builders have stated to build once again in April 2019 in Vancouver. (See article online attached in this Blog by Josh Sherman, May 8, 2019)

Please contact me at: (778) 558-4427 or email me at: mir@mirkhan.ca for full details and understanding of how the market is doing, right now. I can share the most recent Fraser Valley and the Greater Vancouver Stats with you, if you are looking to selling your home. Please call me and myself and my team will be glad to be of service. :-)

Feel free to leave to comment or ask me something by entering it below 'Leave a Comment' box ...

Thanks for reading.

Mir Khan
Certified International Property Specialist, International Realtor
Century 21 AAA Realty Inc.
(778) 558-4427

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