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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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CMHC sees sharp fall in insured mortgages

by Steve Randall | 31 May 2017 from repmag.ca The number of new mortgages insured by the CMHC fell sharply in the first quarter of 2017 as new lending restrictions made an impact. In its quarterly report, the corporation said that it...

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Bank of Canada Interest Rate Announcement - May 24, 2017

The Bank of Canada announced this morning that it is holding the target for its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that inflation is broadly in line with the Bank's projection,...

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HSBC Makes 'Big Bet' on Canada in Bid for More Market Share

by Bloomberg | 23 May 2017 | From RepMag.ca by Doug Alexander HSBC Holdings Plc is getting aggressive in Canada -- and one needs to look no further than its latest mortgage rate for proof of broader ambitions. HSBC Canada is offering...

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BC Home Sales Turn Higher, Inventories at 20-Year Low

From BCREA Vancouver, BC – May 15, 2017. The British Columbia Real Estate Association (BCREA) that a total of 9,865 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, down 23.9...

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'30% probability' of Canadian housing bust

by Bloomberg | 16 May 2017 by Matthew Brockett for Rep Magazine In a report on house prices in G-10 nations -- those with the 10 most-traded currencies in the world -- Goldman Sachs finds they are most elevated in small, open economies...

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Loonie, bank bonds drop as Moody's downgrades Canada lenders

            by Bloomberg | 11 May 2017 By Doug Alexander, Allison McNeely and Maciej Onoszko for RepMag Canada’s dollar and bank bonds declined after Moody’s Investors Service...

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Canadian Building Permits - May 9, 2017

From BCREA The total value of Canadian building permits declined 5.8 per cent to $7 billion in March,the second consecutive monthly decline.  BC posted the largest decrease at the provincial level due to fewer permit...

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