Bank Of Canada Interest Rate Drop

(January 23, 2015)

Bank of Canada interest rate drop may boost Vancouver housing market

Bank of Canada surprised markets Tuesday with cut to key overnight lending rate

By Lisa Johnson, CBC News Posted: Jan 21, 2015 1:16 PM PT Last Updated: Jan 21, 2015 2:22 PM PT

Already ranked as one of the most unaffordable cities in the world, Vancouver's heated real estate market could get a further push, after the Bank of Canada c... read more.

(January 23, 2015)

How the Bank of Canada’s interest cut will affect mortgage rates


The Canadian Press January 21, 2015
(Adrian Wyld/The Canadian Press)

Economists say rates will dip slightly in response to the Bank of Canada’s surprise move Wednesday to cut its trend-setting interest rate to 0.75 per cent.
(Adrian Wyld/The Canadian Press)
TORONTO – Canadian homeowners have likely gained a reprieve from an expected increase in mortgage rates this year... read more.

Would Vancouver benefit from NYC’s idea of taxing condo owners who leave homes empty?

(January 13, 2015)

Jill Drews January 13, 2015 9:02 am News 1130


VANCOUVER (NEWS1130) – Vancouver is one of many cities grappling with the issue of what to do about foreign-owned condos that sit unoccupied.New York City is mulling over a special property tax for owners who don’t live there.They’re calling it the pied a terre tax. In this case, owners would pay 0.5 to 4 per cent of the market value of their property i... read more.

Canadian real estate market outlook 2015

(January 12, 2015)

Sooner or later mortgage rates will rise and house prices will start to moderate. Why this is the year the market will finally start to turn

by Romana King 
From the January 2015 issue of the MoneySense magazine.real estate outlook
Buy a house. Don’t buy a house. Soft landing. Crash landing. As we start the new year, the question on everyone’s mind is: What can we expect from Canada’s housing market? Once again, expert... read more.