UPDATE: JUNE 10 INTEREST RATE ANNOUNCEMENT POSTED HERE April 22nd, 2008 In keeping with its mandate to keep inflation in Canada at the 2% target, the Bank of Canada today announced that it was lowering its overnight lending rate by 50 basis points (one-half per cent) to 3%. Citing deepening economic woes in the U.S.,Continue reading “Bank Of Canada Slashes Key Interest Rate by 0.5%”
Tag Archives: affordability
Bank Of Canada Cuts Interest Rate – Mar 4, 2008
UPDATE: APR 22, 2008 RATE ANNOUNCEMENT Key rate cut by 1/2 per cent Citing deepening woes in the U.S. economy that could further affect the Canadian and world economies, the Bank of Canada has slashed its key overnight lending rate by one-half per cent to 3 1/2 per cent. The Bank says that further economicContinue reading “Bank Of Canada Cuts Interest Rate – Mar 4, 2008”
Bank Of Canada Cuts Interest Rate – Jan 22, 2008
As expected, Bank of Canada cuts the key lending rate by 1/4 per cent. The Bank of Canada this morning announced its expected 1/4% cut in Canada’s mortgage-rate setting overnight lending rate. The anticipated move is made to ensure that the Canadian economy continues to grow, despite continuing struggles in the world economy dealing withContinue reading “Bank Of Canada Cuts Interest Rate – Jan 22, 2008”
Victoria BC Real Estate Board MLS® Statistics – October 2007
I don’t think you’d find a real estate professional in the Victoria area who’d tell you they expected 2007 to outperform 2006. Everyone said the market was plateauing, that we should expect properties to sit on the market for months, and see price reductions left, right and center. The doomsday prophets predicted the credit problemsContinue reading “Victoria BC Real Estate Board MLS® Statistics – October 2007”