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Most homeowners don't compare mortgage rates on renewal

by Steve Randall16 Aug 2017|  repmag.ca Using websites to compare travel products has become widespread but the same does not appear to be true when it comes to financial products including mortgages. Although 60% of those cold...

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Strong Residential Sales Despite Summer Slowdown

From the Okanagan Mainline Real Estate Board KELOWNA, B.C. – Aug 4 th , 2017. Residential sales in the Okanagan region of Revelstoke to Peachland moderated slightly in July, with 961 sales posted to the Multiple Listing Service (MLS®),...

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Has Vancouver’s 15% tax done its job?

by Justin da Rosa | 31 Jul 2017   From repmag.ca “Short answer: No,” according to one expert. “We saw an immediate stop to real estate in Vancouver and a 23% drop in average price, looking at the entire lower mainland...

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Three big banks raise prime lending rates following rate hike from Bank of Canada

by The Canadian Press | 12 Jul 2017 - From RepMag Three of Canada's biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank. Royal Bank of Canada (TSX:RY), the...

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Bank of Canada Interest Rate Decision

July 12, 2017  |  Source: bcrea.bcca The Bank of Canada announced this morning that it is raising its target for the overnight rate by 25 basis points to 0.75 per cent. In the press release accompanying the decision, the Bank...

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Toronto luxury market hits new record while Vancouver slumps

by Steve Randal | 11 Jul 2017 | RepMag.ca Sales of homes priced at $1 million or more were up sharply in the GTA in the first half of 2017 while Vancouver felt the impact of the foreign buyers’ tax. Luxury sales in the GTA jumped...

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STRONG CANADIAN ECONOMY COULD SIGNAL CHANGE IN INTEREST RATES

Mortgage Rate Outlook For the past six months, the relative calm in the Canadian economy meant that mortgage rates were guided more by external factors than domestic ones. Most prominent has been the quieting of previously bullish sentiment...

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BC Home Sales to Exceed 100,000 Units for Third Consecutive Year

BCREA 2017 Second Quarter Housing Forecast from bcrea.bc.ca Vancouver, BC – June 19, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 Second Quarter Housing Forecast today. Multiple...

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BoC’s Wilkins hints at interest rate rise

by Steve Randall | 13 Jun 2017 | repmag.ca The next policy move from the Bank of Canada could be a rise in interest rates. Senior deputy governor Carolyn Wilkins spoke at the Asper School of Business yesterday and said that there...

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Okanagan Home Sales Spike in May

KELOWNA, B.C. – June 6 th , 2017. Home sales across the Okanagan region of Revelstoke to Peachland took a sharp upward turn in May, with 1132 homes sold, a 38% increase over April, but 6% fewer sales than this time last year, reports...

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