Mother's Day Weekend!
  
I've been blessed to know and to have so many impactful mothers in my life, and on Mother's Day I treated my dear mother and my awesome wife to a great afternoon. We went to see the Royal Canadian International Circus 2024 in Surrey which exceeded our expectations with some unbelievable stunts and performances. Afterwards we went out for nice dinner.
Hope you all had a great Mother's Day! As the holy scriptures say, "Honor her for all that her hands have done, and let her works bring her praise at the City gate." (Isaiah 66:13). Thank you to all you great mothers out there for all you do to help raise and nurture the next generation.
Check Out My New Property Transfer Tax Calculator!
With the recent (positive) changes to Property Transfer Tax in BC, it has become important to have a reliable way to compute this very important closing cost.
Seeing that most of the calculators online are now outdated, I decided to create my own, and I'm really happy about how helpful this will be for home buyers in years to come. No more guessing how much tax you need to pay for a certain property price.
It's extremely easy to use and includes the ability to switch to different tax jurisdictions right across Canada. It even gives the option to email a report to yourself. Check it out!
Greg's Property Transfer Tax Tool
April's Strong Job Gains Likely Postpone Rate Cuts Until July
Today's StatsCanada Labour Force Survey for April blindsided economists by coming in much more robust than expected. Employment in Canada rose a whopping 90,400 in April, the most in 15 months, following a decline in March, surpassing forecasts by a large margin. Substantial job gains were posted in both full-time and part-time work.
The central bank meets again on June 5. The April CPI report will be released on May 21. This is by far the most important economic report for the Bank. They will look at the three-month trend in the core inflation measures. These figures have already fallen sharply, but given the strength in the jobs report, the central bank will likely wait another month before they begin cutting the interest rates that impact variable rates.
Bond yields (which impact fixed rates) meanwhile increased slightly by 0.10%, but aren't expected to meaningfully impact the recent downtrend in fixed rates.
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