Blog & News: Vancouver Real Estate Market

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Posted in Bank of Canada, BC housing market, BCREA, Canada mortgage rates, Credit markets, Effective lower bound, Financial plan, Funding, Interest rate, Interest rate change, Market statistics, Market update, mortgage payments, Programs, Reduction in rates, Short-term funding market

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...

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Posted in 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...

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