09Apr

Fewer listings, strong demand boosts Metro Vancouver real estate

[Source: CTV News, April 4, 2017] VANCOUVER - Home sales in Metro Vancouver are bouncing back after a dismal February, but the Real Estate Board of Greater Vancouver says transactions are still almost 31 per cent below the March 2016 record. The board says a shortage of property listings and strong demand, especially for condos and townhomes, propelled the market in March. Board president Jill Oudil says sellers still seem reluctant to put their homes on the market, creating stiff competition for [...]

British Columbia, Canada, Economic Outlook, Vancouver Real Estate
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09Apr

Vancouver realtors say demand picking up as prices begin to rise again

[Source: Financial Post, April 4, 2017] Realtors in Canada’s most expensive city for housing predict prices will continue to rise amid a shortage of listings they maintain is stifling the market. The Real Estate Board of Greater Vancouver said Tuesday that demand picked up in the condo and townhome segment of the market, something the group maintains coincides with a shortage of supply. “Home prices will likely continue to increase until we see more housing supply coming on to the market,” said [...]

British Columbia, Economic Outlook, Vancouver Real Estate
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07Mar

Bank of Canada announces rate – March 1, 2017

[Source: Repmag.ca, March 1, 2017] OTTAWA - The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns could alter the economy's improving trajectory. The central bank's scheduled rate announcement Wednesday arrived as Canada tries to assess the direction of U.S. economic policy under President Donald Trump and the potential fallout from any changes he may bring. The bank has said some U.S. proposals, which include tax [...]

Bank of Canada announcements, Canada, Economic Outlook, International Influence
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18Jan

Bank of Canada announces rate- January 18, 2017

[Source: The Canadian Press, January 18, 2017] The Bank of Canada is holding its benchmark interest rate at 0.5 per cent and providing a deeper assessment of the risks associated with the big economic unknowns of a Trump presidency. The central bank is keeping its key interest rate in place with the Canadian economy showing signs of improvement but it also warns of the significant uncertainty tied to potential policy changes by the United States, its largest trading partner. This is the [...]

Bank of Canada announcements, Canada, Economic Outlook, International Influence
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