The data from the 2011 Canadian Census was released this week, and, not surprisingly, the greater Victoria region continues to grow. Also not surprisingly, growth tended to centre on areas with available land for new houses to be built.
This morning at its June 1, 2010 meeting, the Bank of Canada raised its key overnight lending rate (the rate at which it lends funds to chartered banks) one-quarter per cent (25 basis points) to 0.5%, its first rate hike in almost three years. What can we expect? Banks will be increasing their prime lendingContinue reading “Bank Of Canada Raises Interest Rate to 0.5% At June 2010 Meeting”
To the surprise of many analysts, this morning at its April 21, 2009 meeting, the Bank of Canada cut its key overnight lending rate (the rate at which it lends funds to chartered banks) another half-percent to 0.25%, continuing the trend of historic low rates in an effort to stimulate the economy. Since December 2007,Continue reading “Bank Of Canada Cuts Interest Rate to 0.25% At April 2009 Meeting”
UPDATE: CLICK FOR THE APRIL 21st, 2009 INTEREST RATE ANNOUNCEMENT This morning at its March 3, 2009 meeting, the Bank of Canada cut its key overnight lending rate (the rate at which it lends funds to chartered banks) another half-percent to 0.5%, continuing the trend of historic low rates in an effort to stimulate theContinue reading “Bank Of Canada Cuts Interest Rate to 0.5% At March 2009 Meeting”
As a REALTOR®, I’m always taking notice of how other businesses market and brand themselves. I get inspiration for ideas from other people and businesses all the time. One thing I’ve noticed is that politicians in our current Federal election campaign have been all about branding and marketing their campaigns, rather than telling us whatContinue reading “Is The Election Campaign All About Branding and Buzzwords? [Video]”
http://www.viddler.com/player/9443e171/ –Tim Ayres – Sooke Real Estate Professional Your comments are welcomed and encouraged! Just use the form or link below this post. You can bookmark this post using the button below, or get free updates using the big buttons on the sidebar!
Tightening of restrictions also eliminates zero-down-payment mortgages. Yesterday, the Canada Mortgage and Housing Corporation (CMHC) announced that it was pulling the plug on 40-year amortization periods for mortgages, stating that it will no longer provide its government-backed insurance for these products. Consumers will also have to come up with minimum 5 per cent down paymentContinue reading “CMHC Says No More 40-Year Mortgages In Canada”
Nothing to comment on these numbers, but view the Sooke real estate statistics for June here. Courtesy VREB: Sales Soften, Prices Remain Stable July 2, 2008 Sales of homes and other properties in the Greater Victoria area softened last month though prices continue to remain stable. Victoria Real Estate Board President, Tony Joe, notes thatContinue reading “Victoria BC MLS® Real Estate Statistics – June 2008”
No surprises here, inventory up, sales are down. More evidence of balance in the real estate market (although with the number of new listings, I’m not sure just how ‘balanced’ it is!) was revealed today with the release of the Victoria Real Estate Board‘s May MLS® statistics. Despite a 25% increase in listings available forContinue reading “Victoria BC MLS® Real Estate Statistics – May 2008”
Greetings, search engine visitors! For April Statistics, released today, June 2, 2008, click here! As choices increase and buyers decrease, pressure is on to price it right! There is still fuel in the fire of the Victoria and Sooke real estate market, but decidedly less from a year ago. The April statistics were released today,Continue reading “Victoria BC MLS® Real Estate Statistics – April 2008”