Canadians continue to grapple with the increased cost of living, and the Bank of Canada’s latest hike to interest rates this week will add more pressure to variable rate mortgage holders, as well as those...
Blog & News: Vancouver Real Estate Market
INTEREST RATE ANNOUNCEMENT FROM BANK OF CANADA
The Bank of Canada has lowered its overnight policy rate for the second time this month, taking the rate down a further 50 basis points to 0.25%. This is what the Bank considers as its effective lower bound...
COVID-19 AND ITS POTENTIAL IMPACT ON THE BC HOUSING MARKET
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2020 market report, Bank of Canada, BC housing market, bcrea, British Columbia Real Estate, covid-19, covid-19, economic data, Economic impact of COVID-19, Impact of COVID-19, Interest rates, low mortgage rates, Mortgage payments, Mortgage rate, Real estate market forecast, real estate transaction, stress test
The COVID-19 outbreak has caused a steep decline in interest rates, however, it is uncertain as to how severe the impact will be on economic activity. Considering the importance of tourism and our trade...