B.C. housing sales expected to ease this year but rise in 2011: survey
Filed Under Main Content · Tagged: Economic Conditions, Employment Growth, Erosion, Fraser Valley, Housing Sales, Metro Vancouver, Mortgage Rates, Real Estate Association, Residential Sales, Second Quarter, Survey, Upward Pressure, Valley Areas, Vancouver Province, Vancouver Sun, Vancouver Victoria
Vancouver Sun- Residential sales across the province are expected to ease by three per cent this year to 82,350 units before increasing four per cent in 2011 to 85,900 units, according to the B.C. Real Estate Association.
Waning demand, upward pressure on mortgage rates and tighter lending restrictions will moderate consumer demand this year, particularly in the Metro Vancouver, Victoria and the Fraser Valley areas, the association said in its second quarter housing forecast released Monday.
Improving economic conditions, however, are expected to counter-balance some of the erosion and stronger economic and employment growth next year will push home sales higher…
B.C. housing sales expected to ease this year but rise in 2011: survey
BoC maintains 0.25% rate: Analysts’ reaction – FP Posted
Filed Under Main Content · Tagged: Bank Of Canada, Benchmark Rate, Economists, Fp, Rate Analysts, Second Quarter
Financial Post- As expected the Bank of Canada said Tuesday it will maintain its benchmark rate at 0.25% continuing a plan started last year to keep the rate unchanged through to the second quarter of 2010. Here’s what some of Canada’s economists had to say about the matter…
BoC maintains 0.25% rate: Analysts’ reaction – FP Posted
Week Ahead: Bank of Canada likely to hold rate
Filed Under Main Content · Tagged: Ahead, Bank Canada, Bank Of Canada, Economic Downturn, Economic News, Inflation Threat, Interest Rate, Interest Rates, Principle, Second Half, Second Quarter, Unexpected Rise
Times Colonist- Interest rates and inflation are among the principle subjects of the coming week’s Canadian economic news.
On Tuesday, the Bank of Canada is scheduled to issue as decision on interest rates. It’s expected to keep the overnight interest rate at a historically low 0.25% and restating the commitment to keep it that way until — at earliest — the second half of this year.
When the bank put interest rates this low in April last year in an effort to ward off a frightening economic downturn, it said the rates would remain at that level until the end of 2010’s second quarter, barring any unexpected rise in the inflation threat…
Week Ahead: Bank of Canada likely to hold rate
B.C. housing more affordable than a year ago: RBC report
Filed Under Main Content · Tagged: Economics, Home Ownership, Housing Prices, Rbc, Second Quarter, Vancouver Sun
Vancouver Sun- An RBC Economics report on home ownership released Wednesday indicates housing is more affordable than it was a year ago. But the report, which spans the April-to-June second quarter of 2009, may already be dated, as housing prices have edged up during the summer months…
