January 2015

Bank Of Canada Interest Rate Drop

Posted on Jan 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 co...

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Posted on Jan 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...

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

Posted on Jan 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...

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Canadian real estate market outlook 2015

Posted on Jan 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 expec...

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