Rates have popped several basis points higher this morning on positive construction data from the US and some positive news out of Europe.
US Housing Starts and Building Permits for November were well above expectations, while a measure of Business Confidence in Germany was surprisingly robust.
Also, the Canadian CPI numbers for November were released this morning, coming in-line with expectations. Headline inflation of 2.9% was steady from October, and ‘Core’ inflation of 2.1% was below the 2.2% the market had expected.
Tags: Commercial, Mortgages, Apartment, Multi-family, Financing, Lending, Canada, Vancouver, Calgary, Montreal, Toronto, Halifax, CMHC