October 2018

Prime Lending Rate Increase

Posted on Oct 24, 2018

As was universally expected, the Bank of Canada's Governing Council hiked overnight rates this morning by 25 basis points taking the benchmark yield to 1.75%. This marked the fifth rate-increase since the current tightening phase began in July 2017.

The bank's rate is now set at 1.75%. That's the highest it's been in almost a decade, dating back to...

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September's Real Estate Update!

Posted on Oct 01, 2018 in Market Update

Hello dear friends, 

Hope you all are doing well, or at least better than Vancouver's Real Estate. 

Probably you have been hearing that the market is experiencing a downward trend in the past months! Well, September is no exception. In the Metro Vancouver (on average), Sales are decreasing, Active Listings are increasing, and Days on the Market are als...

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