News Release: October 4, 2010 September previews fall real estate market in the Fraser Valley       (Surrey, BC) – After a slowdown in July and August, the Fraser Valley Real Estate Board (FVREB) saw a modest month-over-month increase in sales on its Multiple Listing Service (MLS®) in September and a decrease in overall inventory for […]

Top 20 grants & rebates for property buyers and owners      1. Home Buyers’ Plan Qualifying homebuyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Homebuyers who have repaid their RRSP may be eligible to use the program a second time. (Go to www.cra.gc.ca, enter […]

 Canada 2011: The Hangover North American & International Economic Highlights Not surprisingly, the Canadian recovery didn’t play out as advertised. While we did see a spike late last year and early 2010, the momentum has faded lately, largely as a result of a strong C$ and a softening US economy. Growth in the second half […]

With Fixed Rates At All Time Lows Now Is A Better Time Than Ever For Canadians To Think Fixed Rate Mortgages At Street Capital! Canadians are at their highest debt load ever, second only to the U.S. out of the G7 countries. Now is the right time to consolidate your clients debts and give them […]

Industry News   The recession may be officially over, but six in 10 Canadians are still surviving from paycheque to paycheque, a national survey showed Monday.    Fifty-nine percent of Canadian workers say they would be in financial trouble if their paycheque was delayed by just a week – the same proportion as last year […]

  YESTERYEAR’S BAD NEWS Vancouver Sun and Province headlines: Average Price Today’s Price 1974 “Realtors prowling like hungry tigers-We are not likely to see the high prices again $54,000 $925,000 1983 Real Estate prices will never recover $110,000 $925,000 1987 After the October crash “We are headed straight into a depression” $230,000 $925,000 1990 787 […]

Canada’s economic growth expected to continue in 2010: RBC Economics After rapid gains in the early part of the year, Canada’s economy slowed in the second quarter and is expected to rebound only modestly over the second half of the year, according to the latest Economic Outlook report from RBC Economics. RBC slightly pared back […]

Bank of Canada hikes rates, sees slower recovery (Reuters)By Louise Egan OTTAWA (Reuters) – The Bank of Canada raised its benchmark interest rate for a third consecutive time on Wednesday and sounded surprisingly hawkish despite predicting a more gradual than expected economic recovery. The central bank nudged its overnight rate target up 25 basis points […]

Bank of Canada expected to hike then pause on ratesBloomberg · Wednesday, Sept. 8, 2010 Bank of Canada Governor Mark Carney will probably raise borrowing costs today for a third and final time this year before pausing to gauge the strength of the economic recovery, economists said. Fourteen of 20 economists surveyed by Bloomberg News […]

Favourable U.S. data suggests Canadian rate increase Paul Vieira, Financial Post · Monday, Sept. 6, 2010 OTTAWA • What a difference a week makes in gauging the state of the Canadian economy. At the start of last week, few market players believed the Bank of Canada would raise its benchmark rate on Wednesday as concern […]