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The Bank of Canada cut it's overnight rate by 50 basis points,or 1/2 a percent, to 3% this morning. The major bank will most likey respond with a cut in their mortgage rates. The rationale for the cut was that: Growth in the global economy has weakened,
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RBC reported today that they: We look for the Bank of Canada to slash the overnight rate by 50 bps to 3% and expect the statement will reinforce policymakers’ concerns about Canada’s economic prospects given the sustained volatility in financial
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The Greater Vancouver real estate market saw increases listings and decreased sales last month, yet prices continued to climb. That is not how it is supposed to work, but lets reserve opinion for a month or two and see what happens. Sellers always suffer
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The British Columbia Real Estate Association (BCREA) has launched a new website for REALTORS® and consumers all about "green" real estate called the Green Toolkit (for REALTORS®). I don't know why they had to include the "for
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I was away for Spring Break last week. Got back on Tuesday but have been busy catching up the last couple of days. Now its time to get you, and me , up to speed on the latest real estate news. The trend seems to be towards analysis of the future of the
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RBC Royal Bank released their quarterly (is it really the 2nd quarter already?) housing affordability report today and the news is not good on the affordability front. The report starts out by saying: Nationwide housing affordability deteriorated in every
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RBC Royal Bank released their 15th Annual Homeownership Survey yesterday and according to the survey less British Columbians are planning to buy a home in the next two years. A quote from the news release: “In 2008, we may see a shift in homebuying
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The Real Estate Board of Greater Vancouver (REBGV) released their February 2008 statistics yesterday with the headline "Housing options broaden for buyers in February". Sales across all categories (detached, attached and condominiums) were down
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The Bank of Canada has cut the target for it's overnight lending rate by half a percentage point today and the major banks have already started to respond by lowing their prime lending rate by an equal amount. This will help to spurr on the Spring
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Remax Canada released their Decade in Review report late last week and it revealed some interesting facts about the Vancouver real estate market . From 1997 - 2007 Vancouver did NOT have the highest residential MLS® average price appreciation in Canada.
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Not Chandler again! Didn't we have enough about him last year. He too has run out of money and his H & H and Garden City projects are too be completed by someone else. CBC broke the news just after midnight last night on their website. Take a
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I will be down at the BC Real Estate Convention (in Ballroom A, B & C at the Vancouver Convention and Exhibition Centre at Canada Place) today from 4 till 6pm which is when it ends. This is the last day of this free convention/ trade show covering
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Or rather, it stops hitting walls. CBC reported the other day that Bill Eden's Eden Developments had stopped construction of its only active development, the Sophia. In a situation eerily similar to the Riverbend development that cancelled the contracts
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This is the 4th year for the BC Real Estate Convention and it has gotten bigger every year. It must be the cost of admission. It is free! There will be exhibitors from many different real estate related fields, including developers both local and international),
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Looking for something to do in Vancouver this weeekend? Then head inside to the BC Home + Garden Show which is on from today through Sunday at BC Place stadium in downtown Vancovuer. I am try to get some information from the show's website but the
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