The Bank of Canada announced this morning that it is holding the target for its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that inflation is broadly in line with the Bank’s projection, though intense retail competition is pushing inflation temporarily lower. ...
Continue ReadingClick on image to watch BCREA Chief Economist Cameron Muir discuss the April 2017 statistics: https://youtu.be/k6kTlFV2q6c Copyright BCREA ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) that a total of 9,865 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, down 23.9 per cent from the same period last year. Total sales dollar volume was $7.19 billion, down 25.4 per cent from April 2016. The ...
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