Multiple offers, sold over asking price
Posted on Sep 25, 2022
That's what happened for one happy Nexus Realty homeowner in the final days of September, and the number of listings on Duchess Avenue in West Vancouver is now two.
The apartment on the sixth floor at 1480 Duchess sold after three offers were presented, with two more potential buyers waiting in the wings.
As you would expect with that much interest...
Housing starts key to housing supply
Posted on Sep 18, 2022
Statistical analysts know that you can sometimes cherry-pick to make numbers do what you want, and such could be the case in the latest news from Canada Mortgage and Housing Corporation, commonly referred to as CMHC.
For example, in a recent article, CMHC pointed out that the "trend in housing starts" was up slightly from July to August: 267,309 uni...
Bank of Canada overnight rate now over 3 per cent
Posted on Sep 07, 2022
The widely-anticipated interest-rate increase was confirmed on Wednesday by the Bank of Canada. This was the bank's announcement:
"The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also continuing its policy of quantitative tightening.
"The global and Canadi...