Corina Marin

Residential home sales are down substantially in May from the same month a year ago, with Victoria and Metro Vancouver showing the sharpest drop, according to a survey released Monday by the B.C. Real Estate Association (BCREA).

Despite that, Victoria and Metro Vancouver have also seen some of the highest price increases over the 12-month period, although that trend is not expected to last.
...

Bank of Canada Raises Key Interest Rate Today

The Bank of Canada raised its key interest rate by a quarter point today, and most lending institutions are expected to respond by increasing their prime lending rates by a quarter point. This marks the first rate increase by the Bank since 2007.

In its statement the Bank noted that "the economy grew by a robust 6.1 per cent in the first quar ...

Bank of Canada Holds Key Rate Steady

The Bank of Canada announced this morning that it is leaving its key interest rate unchanged, but signaled that it might begin raising interest rates in the coming months.

The Bank stated that with recent improvements in the economic outlook, the need for extraordinary policies such as its commitment to keep its key target rate at the lowest possible l ...

March 10...Getting ready for rising rates: our Top Tips

It's been a great ride. The past few decades have been an enormous boon to homeowners - who benefited from historically low lending rates and a stellar rise in the values of their homes. Even now, there are no dire predictions of housing market chaos. But when the Bank of Canada told us that rates could rise later in 2010, it seemed lik ...

Ottawa, February 16, 2010
2010-011

GOVERNMENT OF CANADA TAKES ACTION TO STRENGTHEN HOUSING FINANCING


The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada's housing market and continue to encourage home ownership for Canadians.

"Canada's housing market is healthy, stable and supported by our country's solid ...