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Blog by Don Kennedy

Canada unlikely to copy US rate hike

December 19th, 2015
BCREA ECONOMICS NOW

Consumer Price Index - December 2015

The Consumer Price Index (CPI) rose 1.4 per cent in November compared to the same month last year. While the transportation component, which contains gasoline prices, edged lower, prices were up in seven of the eight major index components. The largest increase came from food prices, which rose 3.4 per cent. The Core CPI, which excludes t ...

Second Strongest BC Home Sales on Record

December 14th, 2015

November Home Sales Second Strongest on Record

Vancouver, BC – December 14, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 8,032 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 34.5 per cent from the same month last year. Total sales dollar volume was $5.38 billion, up 56.4 per cent compared to the ...

Vancouver west detached market

December 11th, 2015
15 November statistics

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

The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Vancouver east detached market

December 11th, 2015
15 November statistics

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

The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Vancouver west townhouse market

December 11th, 2015
15 November statistics

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

The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Vancouver west condo market

December 11th, 2015
15 November statistics

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

The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Vancouver east condo market

December 11th, 2015
15 November statistics

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

The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

The effect on BC of down payment jump

December 11th, 2015
BCREA ECONOMICS NOW

Canadian Government Change to Minimum Down Payment on Insured Mortgages - December 11, 2015

Policy Change

The Canadian government announced today that it is increasing the minimum down payment on insured mortgages from 5 per cent to a two tiered system under which the minimum down payment on houses priced above $500,000 will remain at 5 per cent, but there will be an addition ...

BCREA Mortgage Rate Forecast

December 10th, 2015
BC Real Estate Association's latest Mortgage Rate Forecast has been released.

The highlights include:

Qualifying rate steady but offered rates moving higher
Canadian economy bounces back from first half contraction
Bank of Canada moves to the sidelines in 2016

Mortgage Rate Forecast 15 12

Did interest rates just change?

December 7th, 2015
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Decision - December 2, 2015

The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that inflation is in line with its outlook with total CPI inflation near the bottom of the Bank's 1 to 3 per cent target range while core inf ...

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