Canadian Monthly Economic Growth Q2 - 2023
Posted on Sep 03, 2023 in Economics
Canadian real GDP fell by 0.2 per cent from the prior month in June, following a 0.2 per cent increase in May. The decline was led by weak wholesale trade, which contracted 3 per cent. Construction activity contracted for the second consecutive month, falling 0.6 per cent primarily due to lower residential building construction (which has been down...Things to do in Vancouver BC - September 2023
Posted on Aug 31, 2023 in Community
Looking for things to do in Vancouver while you are on Vacation this month, or maybe you're looking to entertain the family over the labour day long weekend. Check out these fun things going on in the city:1. Vancouver International Film Festival (VIFF)
Join the Vancouver International Film Festival, running from September 7th to September 17th, 202...BC Housing Market Stays Strong Despite High Rates – Q3 Update
Posted on Aug 29, 2023 in Market Update
The British Columbia Real Estate Association (BCREA) released its 2023 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 2.8 per cent to 78,640 units this year. In 2024, MLS® residential sales are forecast to post a modest rebound, rising 6.1 per cent to 83,425 units. “The...Greater Vancouver Real Estate Statistics - July 2023
Posted on Aug 02, 2023 in Market Update
Strong sales push Metro Vancouver home prices past the rate hike in July.Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region total...
Bank of Canada Interest Rate Announcement -July 12, 2023
Posted on Jul 12, 2023 in Mortgage News
The Bank of Canada raised its overnight rate by 25 basis points to 5 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy has been stronger than expected but is expected slow as higher interest rate work their way through the economy. On inflation, the Bank cited the recent easing of inflation...Strong June Job Growth Won’t Please the Bank of Canada
Posted on Jul 11, 2023
It's a Close Call Which Way the Bank Will Go