Happy Thursday from BMWM, we wish you all a Happy Easter and a safe long weekend!

 

The Current Account (click here to read) covers Donald Trump pleading not guilty to 34 felony criminal charges at his New York court hearing, Finland officially joining NATO, Dogecoin’s value jumping after Twitter gave it an unexpected boost, and online orders delivered in oversized boxes may soon be a thing of the past.

 

News for this week includes nearly two-thirds of Canadians interested in buying their first home are giving up. A new Ipsos poll shows 63% of Canadians who don’t own homes think they’ll never enter the housing market. Home prices have fallen 19% annually but remain at elevated levels. RBC’s aggregate affordability measure for Canada rose for a ninth-straight quarter to 62.8%, its worst-ever level. RBC is predicting a 15% peak-to-trough decline in benchmark prices, but that would only partly reverse the 40% surge during the pandemic. March data on Toronto housing suggested the market correction may be coming to an end though prices inched higher compared to February.

 

Taylor’s word of the week is Cromulent, meaning “acceptable or adequate”. For example, Betina says that plain yogurt is a perfectly cromulent snack.

 

Have a nice long weekend,

 

Brenda, Betina, Taylor, and Matty