July 2008 - Posts

28 July 2008
2008 Mid Year numbers resemble “Buyers Market”

KREB MEDIA RELEASE 2008 Mid Year numbers resemble “Buyers Market”. Nelson, BC July 11, 2008 – Midway through 2008, the year in real estate resembles a “buyers market”. A buyers market can be categorized as a real estate market Read More...

0 Comments

Filed under: Real Estate, Market Conditions, real estate market, Columbia Valley real estate

 

15 July 2008
YOUNG PROFESSIONALS LIKELY TO TAKE ADVANTAGE OF STABILIZING COTTAGE MARKET

Survey finds cottages are the preferred long-term investment, compared to stocks and bonds TORONTO, June 26, 2008 — Echoing the trend observed in Canadian cities this year, the country’s recreational property market is returning to a more Read More...

0 Comments

Filed under: Real Estate, Market Conditions, real estate market, canada's housing market, Royal LePage Real Estate Services, recreational property report

 

15 July 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. Three major developments are Read More...

0 Comments

Filed under: Market Conditions, Canadian interest rates, Bank of Canada, Canadian economic forecast

 

10 July 2008
Ottawa revamps mortgage rules

KEVIN CARMICHAEL © The Globe and Mail Wednesday, July 09, 2008 OTTAWA — The federal government says it will no longer guarantee 40-year mortgages, one of a handful of measures aimed at guarding against a U.S.-style housing bubble. The Finance Read More...

0 Comments

Filed under: Buyer Information, housing, real estate market, canada's housing market, Canadian economic forecast