Contractors anticipating busy year in 2024
Posted on Jan 14, 2024
Among the growing number of more promising outlooks for real estate this year is one from the Independent Contractors and Businesses Association. A story in Business In Vancouver reports that results of an annual survey showed that ICBA members anticipate that 2024 will be a better year than expected.
Seven of every eight contractors expect to be as...
Real estate news with the year nearing its end
Posted on Dec 20, 2023
Some late news to wrap up 2023...
Watch for ambitious plan called BC Builds
From Business in Vancouver: A housing program called BC Builds will be unveiled early in the New Year and is expected to be the “marquee piece of February provincial budget.” It’s an ambitious multi-billion-dollar construction plan to build affordable homes for middle-class b...
American interest rate news encouraging for Canada
Posted on Dec 13, 2023
The announcement from down south that the United States did not change its interest rate, for the third straight time, is at least encouraging news for its neighbours to the north. While rates in the two countries are not linked, they generally follow the same trends.
On top of that, America’s Federal Reserve has “set the table” for multiple cuts in...
Thoughts on the outward migration of labour
Posted on Nov 08, 2023
Businesses of every stripe seem to be having difficulty keeping employees, and part of the reason is the lack of affordable housing that’s not many kilometres and many traffic jams from work. The result, as raised in the current issue of Business In Vancouver, is an “outward migration of the labour force” from…pick an area.
While “Vancouver” would b...
No change in Bank of Canada interest rate
Posted on Oct 25, 2023
In an announcement that was greeted with both relief and expectation, the Bank of Canada decided to leave its overnight interest rate at five per cent. Accompanying the news release is a cautionary note that the Bank is prepared to raise the rate further if needed.
The effect of the stability of its "no change" decision, hopefully, will have a posit...
More from September real estate stats
Posted on Oct 11, 2023
As an extension of the real estate statistics from September, here are some one-liners that you may find interesting:
• Of the 578 detached homes sold in Metro Vancouver, the selling price for more than half (343) was between $1.5 million and $3 million.
• Of the 989 condos (apartments) sold in September, most of them (752) were between $400,000 and...