The Bank of Canada held its overnight rate at 1.75 percent October 30, 2019. 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 ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) reports that a total of 6,938 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 24 percent from the same month last year. The average MLS® residential price in the province was $697,943, an increase of 2.1 percent ...
Continue ReadingToo many British Columbians struggle to find an affordable home to rent or own because of a lack of housing options. Nearly six in ten uncommitted Canadian voters cite access to affordable housing as a top election issue, according to an August 2019 Angus Reid survey. The next federal government ...
Continue ReadingHIGHLIGHTS Stress test limiting impact of falling mortgage rates Canadian economy: Strong second quarter, but will it last? Bank of Canada on hold for now Canadian mortgage rates continued to decline in the third quarter as rising trade tensions between the United States and China fed growing fears of a ...
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