Guelph Real Estate

Last Friday shorthly after the Canadian job report was released, I received a report from the National Bank siting that Canada may have no choice but to raise interest rates in the coming months. The report indicated that with the jobs created in June, the level of total employment reached it's pre-recession peak. The report sites this in contrast to the US still being 5.4% blow peak levels.

The report indicated that the year-over-year growth rate in employment in Canada is now more than 2%, restoring back to pre-recession levels. According to the National Bank, now that the goal has been achieved, the current policies in effect are no longer warranted and that Canada should no longer rely on global straegies, but rather set policy based on domestic developments.

According to their forecast, an increase in rates in July is not out of the question.

If you have any questions about the local real estate market here in Guelph, please feel free to contact us anytime.

Best Wishes,

Dave Weber

http://www.tomanddave.ca