January 21st, 2015
Surprise move by the Bank of Canada: Key rate lowered by .25%
This morning, in a move that was unexpected by even those in the know (ie. the Chief Economist for the Canadian Credit Unions among others) the Bank of Canada lowered the prime rate. While there had been much talk of rate increases in the third or fourth quarter this year, the plunging oil prices led to this surprising rate drop. ...
Posted in General
January 5th, 2015
The Year in Review: from the Real Estate BoardThe attached provides a broad summary of the activity in the market for the past year.
It doesn't accurately reflect what has happened in some areas as it is looking only at broad numbers combining all of
Greater Vancouver. Some areas did very well-impacting the overall numbers-while others were much flatter.
Both the east and west side of Va ...
Posted in General
January 5th, 2015
$1.8 Million....Vancouver housing is crazy-you can buy a village for that....The article below is a bit surprising even though I work in this industry....Having literally just gotten off the plane from the Philippines, where you can get a LOVELY house in a warm climate for under $50,000 Canadian and a lesser house for much, much less, $1.8 seems steep-you can literally buy a small village for ...
