604homesblog

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 weakness in the U.S. economy; ongoing turbulence in global financial markets; and sharp ...

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 component fell 0.1% in April and the land component posted a 0.2% increase. On a ...

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 Report (MPR), economic developments have been broadly in line with expectations. However, the ...

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 of the real estate market was delayed by the  ... recent mortgage innovation that ...

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 Group, discuss how the 50-plus demographic is affecting the Canadian housing market and ...

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, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations ...

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 market and whether or not the boom is over. The Globe and Mail's Report on Business ...

The article below first appeared in the REALTORlink newsletter for REALTORs on Febreuart 8, 2008. Trouble ahead? Will the US economy impact our real estate market? The downturn in the US economy has some Metro Vancouver home owners and home buyers worried and asking, “Could it happen here?” The US situation Right now in the US, a ...