The BoC Abandons its Rate Hike Bias

Two years ago the Bank of Canada (BoC) predicted 2% inflation and normalized growth by the end of 2013. Three years ago the BoC predicted 2% inflation and normalized growth by the end of 2012. Four years ago the BoC

Sale and listing activity continues to follow historical averages

Home buyer and seller activity in the Greater Vancouver housing market continues to far outpace 2012, yet is in line with the region’s 10-year averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater

The summer housing market remains active in Greater Vancouver

August activity in the Greater Vancouver housing market finished well above last year’s pace and slightly below the 10-year average for the month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached

Rising interest rates: Consumers, investors face sudden shift

Canadians accustomed to cheap money are quickly realizing that the era of rock-bottom rates could soon be coming to a close. Since the worst of the financial crisis, government interest rates in Canada and the United States have remained exceptionally

Canadian home sales rise 3.6 per cent in May over April

Prices were up 3.7 per cent year over year with the average Canadian house price at $388,910 in May, up from $375,062 a year earlier. The number of homes listed for sale was up almost 2 per cent in May

Spring months bring balance to Greater Vancouver housing market

While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring. The Real Estate Board of Greater Vancouver (REBGV) reports that

No Action from the BoC

There was no rate change to report from the Bank of Canada today, and nobody expected one. Canada’s base interest rate remains at 1.00%. It has held that level for 952 days, an unprecedented stretch of flat monetary policy. The

Spring delivers greater balance to Greater Vancouver housing market

A closer relationship between home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices in the Greater Vancouver housing market over the last three months.  The Real Estate Board of Greater Vancouver (REBGV)

Share

Member Of

Spectrum Canada CAAMP
Spectrum-Canada Mortgage Services Inc. is licensed as a mortgage broker in British Columbia under the Mortgage Brokers Act and pursuant to the Financial Institutions Commission – License number: X027170 and is also authorized to handle trust funds.