Interest rate down by another .25 per cent
Posted on Jul 24, 2024
The message is clear from the Bank of Canada, and it should at least be encouraging for homeowners: record-high interest rates are now trending in the right direction with a drop of .25 per cent. The “overnight rate” is down to 4.50 per cent.
The latest cut is the second in a row — both of them by a quarter of a per cent — after four years of zero c...
Housing starts drop…will the interest rate?
Posted on Jul 17, 2024
With another Bank of Canada announcement coming next week (July 24), the impact of high interest rates continues to slow the housing industry. Investors or contractors have little interest in starting when they don’t know what the end game will be.
Will there be buyers? At what price? At what cost? The higher interest rates are discouraging some of...
Just the facts: reflecting on the job markets
Posted on Jul 10, 2024
Employment begets the economy and the economy begets the real estate market. This blog is a simple factual report on employment in Canada, courtesy off the B.C. Real Estate Association.
Last month, Canadian employment was slightly unchanged from May, to 20.516 million, a drop of less than one per cent, leaving unemployment one per cent higher than i...