Greece Grabs Headlines But China Is Far More Important     While all the attention has been on Greece, the Chinese stock market has fallen nearly 30 percent in the past month as the economy slows and margin calls increase. Photo: AFP   China has more than 120 times the population of Greece and is […]

No need for policy on foreign investment says BCREA HomeMarket Update by CRE11 Jun 2015 Share on facebookShare on twitterShare on linkedinShare on google_plusone_share   The British Columbia Real Estate Association has published a report on the implications of foreign buyers on the housing market in the province. It has concluded that there is no […]

by Jamie Henry | 22 May 2015   David Wolf of Fidelity Investments says that the Bank of Canada may end up slashing interest rates to zero in the next 6 to 18 months. With oil prices showing more strength and the Canadian dollar increasing its value, Wolf says the non-energy exports that governor Stephen […]

Why Are Bond Yields Rising? Will Mortgage Rates Follow? Bond markets have tanked in the past several weeks, driving yields upward. Hundreds of billions of dollars have been wiped out in global bond markets. Ten-year government bond yields in Canada have risen 50 basis points (bps) in the past month as Treasury yields have jumped […]

Rate cut talk gathers pace by Jamie Henry | 11 Feb 2015   More experts are joining the voices calling for a further cut in interest rates when the Bank of Canada announces its decision next month. The bank’s senior deputy governor Carolyn Wilkins said yesterday that “the economy still has room to grow” and […]

Major cuts to come from BoC? by Justin da Rosa | 04 Feb 2015   The voices predicting a further Bank of Canada rate cut have become a chorus, with another bank stating it believes the central bank still has additional basis points to slash. HSBC Bank PLC has predicted the BoC will lower its […]

Bank Prime: 2.85% Best Variable Rate: 2.15% Best 5 Year Rate: 2.79% Analyst explains why banks haven’t matched the BoC’s rate by Justin da Rosa | 29 Jan 2015 The big banks’ decision to lower their prime rates – but not fully match the mark set by the Bank of Canada – was about balancing […]

Oliver says there’s no housing bubble by Jamie Henry | 29 Jan 2015 Some people will never be convinced but yesterday federal finance minster Joe Oliver again repeated the government’s opinion: “we don’t think there’s a bubble.” He said that the CMHC and the Organization for Economic Cooperation and Development agree. Oliver said that the […]

News Release – Fraser Valley Real Estate Board – December 2, 2014 2014 trend towards increased sales and steady pricing continues into November  SURREY, BC – The Fraser Valley Real Estate Board processed 1,136 sales on its Multiple Listing Service (MLS®) in November, an increase of 15 per cent compared to the 986 sales during […]