Bank of Canada Maintains Overnight Rate at One Percent

& BC Real Estate Update, Prestigious, Victoria Real Estate Update.

Bank of Canada Interest Rate Announcement – March 5, 2014 The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1 per cent. In its accompanying statement, the Bank noted that the economy is preceding largely on the path the Bank projected in its January Monetary Policy […]

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3 Bedroom Family Home Close to Amenities in Victoria BC

& BC Real Estate Update, Prestigious, Victoria Real Estate Update.

  The perfect starter home or downsizer in a centrally located area. This 3 bed/1 bath home boasts oak floors, newer thermal windows and wood burning fireplace to relax by on winter evenings. An east facing backyard with large deck and mature fruit trees is a perfect place for the kids to run around, plant […]

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BCREA Reports Increase in Sales and Prices in January – Real Estate News

& BC Real Estate Update, Prestigious, Victoria Real Estate Update.

Vancouver, BC – February 14, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 4,244 residential sales were recorded by the Multiple Listing Service® (MLS®) in January, up 24.5 per cent from January 2013. Total sales dollar volume was $2.4 billion, an increase of 36.8 per cent compared to a year […]

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Month End Statistics on Real Estate In Victoria

& BC Real Estate Update, Victoria Real Estate Update.

It is hard to believe that it is already February. I think that we are all ready for some longer days and more sunshine. The Victoria Real Estate Board released their numbers for January. There were 342 Net Unconditional Sales (sales where subjects were removed but keys have not yet changed hands) and there were […]

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BC Residential Sales Forecast to Increase 4.8% in 2014

& B.C. Real Estate, BC Real Estate Update, Prestigious, Victoria Real Estate Update.

Housing Demand to Trend Higher BCREA 2014 First Quarter Housing Forecast Update  The British Columbia Real Estate Association (BCREA) released its 2014 First Quarter Housing Forecast Update today. BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 4.8 per cent to 76,450 units this year, before increasing a further 7 per cent to […]

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BCREA Economics Now- Bank of Canada Interest Rate Announcement

& B.C. Real Estate, Banking, BC Real Estate Update, Blog Post, Economics, Victoria BC, Victoria Real Estate Update.

The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1 per cent.  In its statement, the Bank once again highlighted that inflation remains stubbornly below the Bank’s 2 per cent target due to significant excess supply in the Canadian economy, as well as heightened competition in […]

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