Category: News

Banks move to bump up mortgage rates

Banks move to bump up mortgage rates

Some Canadian banks are hiking their variable mortgage rates, seeking to pump up its profit margins as it becomes evident that interest rates will remain low for some time to come.

Active home sellers bring greater selection to the Greater Vancouver housing market

Active home sellers bring greater selection to the Greater Vancouver housing market

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,571 in July, a 14 per cent increase compared to the 2,255 sales in July 2010 and a 21.2 per cent decline compared to the 3,262 sales in June 2011.