Posted on Dec 16, 2022 in Market Update
Canadian Housing Starts (November 2022)Posted on Dec 14, 2022 in Market Update
Housing Market Activity Remains Slow in NovemberPosted on Dec 07, 2022 in Mortgage News
The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 4.25% and signalled that the Council would "consider whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target." This is more dovish language than in earlier...Posted on Dec 02, 2022 in Market Update
Home sale and listing activity continue trending below long-term averages in NovemberPosted on Nov 17, 2022 in Economics
Not only did the headline CPI inflation rate stall at 6.9% last month, but the core CPI numbers remain stubbornly high. Food inflation--a highly visible component--edged down slightly. Still, prices for food purchased from stores (+11.0%) continued to increase faster year over year than the all-items CPI for the eleventh consecutive month. Bonds fe...Posted on Nov 14, 2022 in Economics
The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in October 2022, a decrease of 45.5 per cent from October 2021. The average MLS® residential price in BC was $932,979, a 3.1 per cent decrease from $963,011 recorded in October 2021. Total...