October 2009 - Posts

20 October 2009
October Real Estate Newsletter

Read our October newsletter just released. We hope that you enjoy our timely articles depending on the season and the real estate market conditions. You can receive your personal copy of this newsletter each month by subscription (and you can unsubscribe Read More...

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Filed under: Buyer Information, real estate market, Columbia Valley real estate, BC real estate statistics, BC Real Estate Association, BCREA, Newsletter

 

20 October 2009
Bank of Canada Maintains Overnight Rate

OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. Recent indicators point to the start of a global recovery Read More...

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Filed under: Canadian interest rates, Bank of Canada, mortgage rates

 

15 October 2009
BC Housing Market Gains Momentum

Vancouver, BC - October 15, 2009. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 68 per cent to 8,576 units in September compared to the same month last Read More...

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Filed under: Real Estate, Market Conditions, BC real estate statistics, BC real estate market, BC Real Estate Association, BCREA

 

08 October 2009
'Delayed Start’ in Canadian Real Estate Market and Undersupply Lead to Perceived Housing Boom

- Lag in seasonal sales cycle brought on by the recession, coupled with undersupply, creates illusion that market is booming - TORONTO, October 8, 2009 - Canada's housing market is on the road to recovery but is experiencing a pronounced undersupply Read More...

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Filed under: Real Estate, Market Conditions, canada's housing market, Royal LePage Real Estate Services