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 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 ...
Continue ReadingCanadian inflation, as measured by the Consumer Price Index (CPI), continued to trend lower in March as consumer prices rose just 1.6 per cent following a 2 per cent increase in February. The Bank of Canada’s new core measure of inflation, called CPI-common which it says better tracks the underlying ...
Continue ReadingPowered by IXACT Contact® Real Estate CRM Software
