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So the September stats from the Real Estate Board came out yesterday and it was great new with prices up 400% and sales up by 1 billion units. Okay, just kidding, the news was bad. Sales were down 42.9 per cent compared to last September. As well 28.8
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Last time the Bank of Canada (BOC) was expected to drop the overnight interest rate they did not . This time they were expected to leave it where it was at, and they did. Siting Three major developments are affecting the Canadian economy: the protracted
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This was the headline of the British Columbia Real Estate Associations (BCREA) news release today. BCREA Chief Economist says “Rising fuel and food prices are impacting the housing market, as many potential homebuyers take a wait and see approach
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Straight from my Daily Economic Update from RBC (I wish they would quote the source of the stats. Maybe it is RBC itself.): The new housing price index was flat in April with the annual pace of increase slowing to 5.2% down from 6.1% in March. The house-only
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Many had been expecting another rate from the Bank of Canada today, but low and behold they have decided to stick with the status quo. Here is the announcment from the BoC. Bank of Canada – Prime Rate Unchanged - 4.75% Since the April Monetary Policy
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Quite the splashy title for the old RBC. As has been widely reported the Canadian market generally has cooled although it is cooler in some parts of the country (Calgary and Edmonton) than in others. The reports starts out talking about how the slow down
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Linda Leatherdale, money editor of The Toronto Sun and host of MONEY LINE on Rogers Television, Lisa da Rocha, vice president, marketing and communications, Royal LePage Real Estate Services, and David Cravit, senior vice president, marketing, The 50Plus
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Hello again! I've been on holiday and also just been a bit lazy with the blog lately. I am trying to get back on the ball, as it were. Today the British Columbia Real Estate Association released their Spring 2008 Housing Forecast . I also heard BCREA
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Well, that's nothing new. Vancouver real estate is in the news almost everyday. The Vancouver Sun online has a story today titled 15 Real Estate Myths & Realities: The List. The article also includes the transcript of an interview by Christy Clark
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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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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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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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This one is straight from the daily RBC Economic Update by RBC Economist Rishi Sondhi that is subscribe too. You too can subscribe to these as well as many other reports from the RBC Ecomonics team . They are useful for keeping an eye on the Canadian
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Carole Taylor, wearing her new, greener shoes, released the budget yesterday in Victoria. The big news has been about the carbon tax that was introduced , but for first time homebuyers driving around in their cars looking for their first home the big
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The British Columbia Real Estate Association released the following report today on the B.C. real estate market. Always remember that real estate is very, very local and what is happening across the province, or even across town may have not effect on
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