Canada's Headline Inflation Cools in February
Posted on Mar 21, 2023 in Economics
Further Decline in Inflation in February Will Keep the Bank of Canada On Hold in April
All eyes will be on the Federal Reserve tomorrow when they decide whether to hold rates steady because of the banking crisis or raise the overnight rate by 25 basis points (bps). Before the run on Silicon Valley Bank, markets were betting the Fed would go a full 5...
Home staging for a quick sale
Posted on Mar 21, 2023 in Community
How to Stage Your Home for a Quick Sale in Vancouver
When it comes to selling your home in Vancouver, presentation is everything. A well-staged home can make a big difference in how quickly it sells and how much you get for it. Here are some tips for staging your home for a quick sale in Vancouver.
1. Declutter: Before you start staging, it's importa...
Greater Vancouver Inflation - February 2023
Posted on Mar 21, 2023 in Community
Canadian Inflation (February 2023)
Canadian prices, as measured by the Consumer Price Index (CPI), rose 5.2 per cent on a year-over-year basis in February, a decrease from the 5.9 per cent rate in January. This large drop was mostly due to base year effects, as inflation increased strongly this month last year. Grocery prices continue to rise too-qu...
Housing Market Could Be Poised For A Spring Rebound
Posted on Mar 16, 2023 in Market Update
The Canadian Real Estate Association says home sales in February bounced 2.3 from the previous month. Homeowners and buyers were comforted by the guidance from the Bank of Canada that it would likely pause rate hikes for the first time in a year. The Canadian aggregate benchmark home price dropped 1.1% in February, the smallest month-to-month decli...
Canadian Housing Interest Rate Announcement - February 2023
Posted on Mar 15, 2023 in Economics
Canadian Housing Starts (February 2023)
Canadian housing starts rose 13 per cent to 243,959 units in February at a seasonally-adjusted annual rate (SAAR). Starts were down 2 per cent from February of 2022. Single-detached housing starts rose 2 per cent to 64,281 units, while multi-family and others rose 17 per cent to 179,677 (SAAR).
In British Colum...
Three US Banks Fail and Markets Freak Out
Posted on Mar 15, 2023 in Economics
US Policymakers Take Emergency Action To Protect Depositors At Failed Banks
Silicon Valley Bank (SVP) had a sterling reputation among the many tech start-ups it helped to finance. What brought SVB down was an old-fashioned bank run set off in 2021 by a series of bad decisions.
That year, the stock market boomed, interest rates were near zero, and the...
