Real Estate Headed For A Hard Landing

With inflation print hitting 8.3% in the U.S. shedding only 0.2% from it’s previous print is showing consumers continued to spend through the Summer (which was widely expected). The continued strength of the U.S. dollar continues to push the price of domestic products further reinforcing the inflationary cycle. The news was so impactful that the stock market had its worst day in over 2 years. We discuss why we feel the BoC isn’t done raising rates and how its dual edge sword brings do...