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Bank of Canada increases its benchmark interest rate, updates its 2022 outlook
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Today, in its second scheduled policy decision of 2022, the Bank of Canada made good on its pledge to increase interest rates in the face of higher inflation. For the first time since the pandemic began to hurt the economy in March 2020, the Bank raised its overnight benchmark rate to 0.50% from 0.25%. As […]
Read MoreRecord Volume of New Listings – February 2022
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Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings. Sales remain strong at 18 per cent above the 10-year average, with the highest month-over-month increase in active listings in the Fraser Valley in 20 years. Although the market is still far […]
Read MoreColdest Night Of The Year 2022
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Hello All, “Coldest Night White Rock/South Surrey” Thanks again to our special friends and family for all your incredible donations, this year raising $183,000, with money going to families in our local community for programs including: rent bank to keep families in homes, with over 70% paying back the loan. Counselling for families and individuals, […]
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