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Yearly Archives: 2009
Bank of Canada leaves rates unchanged
Bank of Canada forecast, The Bank of Canada met this morning and has left rates unchanged. Much media anticipation was looking for Mr. Carney to follow Australia’s increase but has stated that different influences are present here in North America and we may not see any increases until 4th quarter of 2010 possibly. Continue reading
Posted in Housing Market
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Housing market sees improvement
May 2009 housing forecast. BC conditions have improved. Forecasters predicted a 13% decrease when only an 8% decrease realized. We are starting to see balanced markets on the coast and island. Record low interest rates reduce the carrying cost of an average home. Source: BCREA Continue reading