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Apartment/Condo in North Shore Pt Moody
Oakwyn Realty Downtown Ltd. (R2430182)
Posted on Mar 18, 2020 in Mortgage News
Canada’s six largest banks today announced plans to provide financial relief to Canadians impacted by the economic consequences of COVID-19.Posted on Mar 17, 2020 in Market Update
• While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal.Posted on Mar 12, 2020 in Market Update
The British Columbia Real Estate Association (BCREA) reports that a total of 5,741 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2020, an increase of 26.3 per cent from February 2019. The average MLS® residential price in BC was $758,863, a 12 per cent increase from $677,681 recorded the previous year. Tot...Posted on Mar 10, 2020 in Economics
Canadian housing starts decreased by 1.9% m/m in February to 210,069 units at a seasonally adjusted annual rate (SAAR). The decrease was driven by Quebec. The trend in national housing starts fell, averaging about 209,000 units SAAR over the past six months. Posted on Mar 07, 2020 in Economics
Canadian employment was little changed in February, increasing by 30,000 jobs (0.2%). The unemployment rate increased by 0.1 percentage points to 5.6%, as more people searched for work. This report does not yet account for impacts arising from COVID-19 due to the survey's timing. Posted on Mar 06, 2020 in Mortgage News
Following yesterday's surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signaled it is poised to do more if necessary. 