News & Updates

BC Home Sales Forecast to Rise Through 2016

(February 11, 2015, posted in Real Estate)

Multiple Listing Service® (MLS®) residential sales in British Columbia are forecast to rise 2.4 per cent to 86,050 units this year and a further 3.9 per cent to 89,400 units in 2016. The ten-year average is 82,100 unit sales. Stronger economic conditions at home and abroad combined with favourable demographics and interest rates are expected to underpin provincial housing demand over the next two... read more.

Don't blame the financial crisis for low interest rates — they've been falling for 30 years

(February 10, 2015, posted in Economy)

There is lots in the media at the moment about how interest rates on government bonds in some developed countries are dipping below zero for the first time. This is indeed an historical moment, but it reflects a 30-year trend of collapsing yields rather than simply being a short-term phenomenon.

The chart below shows the interest rates on 10-year government bonds in the US, Germany, Japan, Switzerl... read more.

Top economic forecaster predicts Surrey will shine in the midst of national volatility

(February 07, 2015, posted in Economy)

At a time when Canadians’ growing debt-to-income ratios are triggering dire financial warnings, one of Canada’s top economists came to Surrey bearing good news yesterday.

“Surrey has a lot of things going well for it right now, with its population increase, location close to the border and affordability in terms of real estate,” said Douglas Porter, chief economist and managing director for BMO Cap... read more.

Vancouver housing market booming as B.C. reaps gain of Alberta residents

(February 04, 2015, posted in Real Estate)

The Vancouver region’s housing market is off to a hot start for 2015 amid forecasts that Alberta’s pain will be British Columbia’s gain.

The home price index (HPI) in Greater Vancouver for single-family detached homes hit a record $1,010,000 in January, jumping 8.4 per cent from the same month in 2014. The benchmark HPI, which strips out the most expensive properties, reached a new high of $641,600... read more.