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BANK RATE GOING UP?

April 18th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - April 18, 2018

The Bank of Canada decided to leave the target for the overnight policy rate unchanged at 1.25 per cent this morning. In the statement accompanying the decision, the Bank noted that inflation is forecast to be slightly higher in 2018 than originally expected but will return to the Bank's 2 per cent target once the im ...

Housing Starts Fall Nationally, Not So In BC

April 10th, 2018
BCREA ECONOMICS NOW

Canadian Housing Starts - April 10, 2018

Canadian housing starts fell 3 per cent on a monthly basis in march to 225,213 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian housing starts was steady at about 226,000 units SAAR.

In BC, total housing starts jumped 48 per cent on a monthly basis to 46,629 units SAAR with multiple unit starts rising ...

BCREA Report: The Economic Fallout of Housing Price Shocks

April 6th, 2018

The desire of some well-meaning British Columbians for government to drive down the price of homes through demand-side policy may sound practical at first blush. However, when you consider the broad and deep economic toll that a negative shock to home prices would exact on both homeowners and renters, it quickly becomes apparent that such an approach is at best, a mug’s game. BCREA Economics ...

VANCOUVER WEST MARCH HOUSE MARKET

April 6th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports the regions lowest first quarter sales total in five years as mortgage stress tests, increased interest rates, new taxes and elevated prices lower demand. However low inventory due to fewer homes listed for sale maintains upward pressure on value. Last month total residenti ...

VANCOUVER EAST MARCH HOUSE MARKET

April 6th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports the regions lowest first quarter sales total in five years as mortgage stress tests, increased interest rates, new taxes and elevated prices lower demand. However low inventory due to fewer homes listed for sale maintains upward pressure on value. Last month total residenti ...

VANCOUVER WEST MARCH APARTMENT MARKET

April 6th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports the regions lowest first quarter sales total in five years as mortgage stress tests, increased interest rates, new taxes and elevated prices lower demand. However low inventory due to fewer homes listed for sale maintains upward pressure on value. Last month total residenti ...

VANCOUVER EAST MARCH APARTMENT MARKET

April 6th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports the regions lowest first quarter sales total in five years as mortgage stress tests, increased interest rates, new taxes and elevated prices lower demand. However low inventory due to fewer homes listed for sale maintains upward pressure on value. Last month total residenti ...

VANCOUVER EAST MARCH TOWNHOME MARKET

April 6th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports the regions lowest first quarter sales total in five years as mortgage stress tests, increased interest rates, new taxes and elevated prices lower demand. However low inventory due to fewer homes listed for sale maintains upward pressure on value. Last month total residenti ...

VANCOUVER WEST MARCH TOWNHOME MARKET

April 6th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports the regions lowest first quarter sales total in five years as mortgage stress tests, increased interest rates, new taxes and elevated prices lower demand. However low inventory due to fewer homes listed for sale maintains upward pressure on value. Last month total residenti ...

VANCOUVER WEST FEBRUARY HOUSE MARKET

March 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release outlines anticipation within Real Estate as to what effect rising interest rates and legislation from all levels of government will have on the traditionally most active spring market. Meantime February saw all sectors slip below the 10 year average for the first time in a while an ...

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