Blog by Rob Chuter

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CMHC Housing Market Outlook Vancouver

November 9th, 2009
Home sales will continue at a brisk pace through the remainder of this year and into 2010. More sales combined with fewer active listings will push the average MLS® home price higher in 2010. 1 Home starts will pick up over the next 15 months, but remain below levels recorded in recent years. The upturn in the resale market will contribute to an increase in home starts as builde ...

Market update

October 23rd, 2009
Market Update Demand still Strong while Home Listings Increase VANCOUVER, B.C. – October 2, 2009 – Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouv ...

Just Sold

September 19th, 2009

Just sold the townhome located at # 4 22206 124 Th ave , Maple Ridge

Just Sold

July 12th, 2009

Just wanted to let you know that i have just sold 318 Ash Street In NEW Westminster which is an older home close to town woth great income potential

Just Sold

June 19th, 2009

I have just sold a cabin located at 125 Missezula Lake Rd  near Princeton!

Breaking news in the mortgage market

October 8th, 2008
October 8, 2008 at 9:20 AM EDT   OTTAWA — Major central banks took the extraordinary step of deeply cutting interest rates in an emergency co-ordinated move Wednesday, a development that serves to underline the deterioration of the world's banking system and threatened global recession.   Central banks in Canada, the United States, Britain, the European Union, Sweden and Switzerla ...

Bank of Canada keeps overnight rate target at 3 per cent

September 3rd, 2008
OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent. The three global developments highlighted in the July Monetary Policy Report Update continue to have a major influence on the Canadian economy. Two of them - the course of ...

Bank of Canada keeps overnight rate target at 3 per cent

July 15th, 2008
OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent. Three major developments are affecting the Canadian economy: the protracted weakness in the U.S. economy; ongoing turbulence in global financial markets; and sharp increas ...

Interest rates hold firm

June 10th, 2008
Bank of Canada keeps overnight rate target at 3 per cent OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent. Since the April Monetary Policy Report (MPR), economic developments have been broadly in line with expectations. ...

NORTH AMERICAN & INTERNATIONAL ECONOMIC HIGHLIGHTS

May 21st, 2008
What can we learn from the most recent numbers coming from the US? From the housing starts statistics we learn that housing starts of single-family units are now at the lowest level seen in seventeen years. But the rate of the decline is softening from 50% annualized rate to “only” 27%. But the more important message came from single-family housing permits that are now risi ...

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