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June 2012 - Posts

22 June 2012
May Real Estate Statistics for the Columbia Valley
are now available at http://statistics.rockieswest.com Read More...
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22 June 2012
Federal Government Changes to Mortgage Lending
June 21, 2012 For the fourth time in the past four years, the Federal Government has announced further action to restrict mortgage credit. The new measures include: The maximum amortization on a prime mortgage will be reduced from 30 to 25 years. Mortgage Read More...
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15 June 2012
Shifting Regional Demand Produces Similar Results
Vancouver, BC – June 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in the Kootenay area was up 40.6 per cent to $58.8 million in May Read More...
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06 June 2012
BC 2012 Second Quarter Housing Forecast
Home buying activity in the province is expected to remain at a moderate pace through 2013 as headwinds in the global economy limit economic expansion here at home. Residential sales through the Multiple Listing Service® (MLS®) in British Columbia Read More...
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05 June 2012
Bank of Canada Interest Rate Decision - June 5, 2012
No surprises from the Bank of Canada’s interest rate decision this morning. The Bank opted to keep its overnight rate at 1 per cent, where it has been for nearly two years. The statement released in support of the interest rate decision noted that, Read More...
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01 June 2012
Canadian Q1 GDP Growth and US Employment
The Canadian economy grew at a 1.9 per cent rate in the first quarter of 2012, as growth in consumer spending slowed and business investment accelerated. Economic growth fell short of Bank of Canada expectations of 2.5 per cent though a pick up in second Read More...
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