Greater Vancouver Employment Statistics - April 2023
Posted on May 05, 2023 in Community
Canadian Employment (April 2023)
Canadian employment rose slightly to 20.13 million in April, up by 41,400 (0.2 percent). The Canadian unemployment rate held steady at 5 percent, unchanged since December. Employment gains were concentrated in wholesale and retail trade (+24,000); transportation and warehousing (+17,000); and information, culture, a...
Quick way to Pay off your Mortgage
Posted on May 03, 2023 in Mortgage News
How to Pay Off Your Mortgage Faster
When it comes to homeownership, many of us dream of the day we will be mortgage-free.
While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!
1. Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start paying...
While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!
1. Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start paying...
Greater Vancouver Real Estate Market Update - April 2023
Posted on May 02, 2023 in Market Update
Prices continue rising across Metro Vancouver as home buyer confidence returns
With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along wi...
BCREA 2023 Second Quarter Housing Forecast
Posted on May 02, 2023 in Economics
BC Housing Market Expected to Strengthen
The British Columbia Real Estate Association (BCREA) released its 2023 Second Quarter Housing Forecast today.
Multiple Listing Service®(MLS®) residential sales in BC are forecast to decline 6.6 per cent to 75,530 units this year. In 2024, MLS® residential sales are forecast to post a strong rebound, rising 19...
Multiple Listing Service®(MLS®) residential sales in BC are forecast to decline 6.6 per cent to 75,530 units this year. In 2024, MLS® residential sales are forecast to post a strong rebound, rising 19...
Greater Vancouver Monthly GDP - February 2022
Posted on Apr 28, 2023 in Economics
Canadian Monthly Real GDP Growth (February 2022)
Canadian real GDP inched up 0.1 per cent in February, following a 0.6 per cent jump in January. Both goods-producing and services-providing sectors of the economy grew 0.1 per cent. Growth was led by the public sector (+0.2 per cent), professional, scientific and technical services (+0.6 per cent), a...
OSFI Set To Tighten Banking Regulation
Posted on Apr 24, 2023 in Economics
Great News On The Inflation Front
On April 18, Canada's national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator plans on doing about it.
Accor...
