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 […]

Cottage v. mutual fund: Which is better?  In one of the hottest real estate markets in history, where would your money have grown faster?  Ted Rechtshaffen  Globe and Mail Update Published on Friday, Sep. 03, 2010 6:00AM EDT Last updated on Friday, Sep. 03, 2010 6:35AM EDT  Last week I wrote about four reasons to […]

News Release: September 2, 2010 2nd quietest August in decade presents opportunity for Fraser Valley buyers       (Surrey, BC) – The Fraser Valley Real Estate Board (FVREB) processed 997 sales on its MLS® in August, a decrease of 44 per cent compared to the 1,786 sales during the same month last year and 9 per […]

‘If ever there was a time to buy, it is now,’ John Greenwood, Financial Post · Thursday, Sept. 2, 2010 Bank of Montreal has chopped its benchmark five-year mortgage rate, aggressively throwing its weight behind what many are calling an increasingly wobbly housing market. “It’s a great time to buy a home,” Martin Nel, a senior […]

Marketing for small business is different Mary Teresa Bitti, Financial Post · Tuesday, Aug. 24, 2010 One of the biggest mistakes small business owners make is to view sales and marketing as the same thing, says Steve Gedeon, director of Ryerson University’s Entrepreneur Institute. “The typical narrow view of marketing is that it’s the stuff […]

Top 6 most indebted countries (and why) by Michael Sanibel, Investopedia.com The recent financial  crisis and recession have been a worldwide occurrence. The events in the United States since 2008 have garnered most of the headlines because the U. S. has the world’s largest economy and national debt, but the reality is that many countries […]