Category: News

Fears of double dip being overplayed

Fears of double dip being overplayed

Don’t listen to the naysayers, says the Conference Board of Canada, a double-dip isn’t in the cards.

Dire warnings of a return to recession fail to recognize one key factor, the board said: a slow recovery from this recession was expected.

Pace of housing price increases continues to slow

Pace of housing price increases continues to slow

Housing prices rose for the 15th straight month in July, but by the smallest margin in four months, according to a national index released Wednesday.

And for the first time in four months, prices failed to rise above the previous month’s in all of the six metropolitan areas measured in the Teranet-National Bank house price index.

Vancouver Real Estate

Vancouver records sharp increase in housing starts

Vancouver is one of five metropolitan areas in Canada that recorded sharp year-over-year increases in housing starts in August, according to figures released Tuesday by the Conference Board of Canada.

Vancouver Real Estate

Banks hold most of the cards in mortgage game

To understand the housing market and where it’s headed, it’s a good idea to take a close look at the big banks.

As providers of more than 60% of home loans in Canada they are major players, determining everything from who gets to be a buyer to what people can afford to pay.

Regional construction job numbers slip in August

Regional construction job numbers slip in August

Construction employment in the Lower Mainland-Southwest region decreased in August, according to Vancouver Regional Construction Association’s (VRCA) analysis of today’s Labour Force Survey from Statistics Canada.

Bank of Canada

Bank of Canada boosts overnight lending rate

Bank of Canada governor Mark Carney raised the overnight lending rate a quarter percentage point on Wednesday morning, in line with most analysts’ expectation.

Carney raised the trend-setting rate from 0.75 per cent to an even 1 per cent.