October 2019

Bank of Canada Interest Rate Announcement

Posted on Oct 30, 2019 in Mortgage News

The Bank of Canada held its overnight rate at 1.75 per cent this morning.

In the statement accompanying the decision, the Bank noted that ongoing trade conflicts have weakened the global economic outlook, which is expected to drag Canadian economic growth below its potential in the second half of this year. The bank is further projecting that growth...

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Real Estate Statistics - September 2019

Posted on Oct 02, 2019 in Market Update

September 2019 - Real Estate StatisticsIncreased demand helps housing market reach balanced territory

Home buyer demand has returned to more historically typical levels in Metro Vancouver over the last three months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595...

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