While the big lenders were hesitant to pass on the Bank of Canada’s interest rate cut last week, this week there’s talk of a price war, with Royal Bank of Canada being the first to take the plunge. [Read more…]
Archives for January 2015
Despite the Bank of Canada’s announced rate cut, Finance Minister Joe Oliver has said he will not interfere with the housing market or force banks to lower their interest rates.
Vancouver hit a new record for high end sales in 2014.
Vancouver has been identified as one of the most unaffordable cities in the world in a study of major property markets. [Read more…]
The latest Teranet-National Bank Composite House Price Index revealed a slight drop in Canada’s house prices last December. Repeat sales of single-family homes also slipped by 0.2 per cent from the month earlier. [Read more…]