Just the Stats... November 2009

November 4th, 2009, Jody Copple

Posted in Market Update

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November 3, 2009

REBGV October StatsHigh sales levels spur rise in home valuesVANCOUVER, B.C. – November 3, 2009 – Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in ...

November 2009 Market Update

November 4th, 2009, Jody Copple

Posted in Market Update

November Market Update

Since the market correction last winter, the market has bounced back nicely to test previous highs, both in the number of sales and in benchmark prices. The summer of 2009 surprised many analysts and market-watchers with both its resiliency and fervour, and clients have asked what will happen in the fall and winter.

No one really knows what the market will do, but tr ...


Mortgage Rate Update

November 4th, 2009, Jody Copple

Posted in Market Update

Here are the latest rates for residential mortgages courtesy of Michael Friedman with Origin:   mfriedman@shawcable.com

 

 

Michael Friedman Best Interest Rates as of - Nov 03, 2009

The table below compares ORIGIN mortgage rates with those of current mortgage lenders.

 

...
 Terms

Posted Rates

ORIGIN Rates

 6 Mo

4.65%

4.60%

 1 Yr

4.55%

Bank of Canada Maintains Interest Rates

October 24th, 2009, Jody Copple

Posted in Market Update

Bank of Canada maintains interest rates

The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on October 20th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent.

 

The Bank acknowledged that recent indicators point to the start of a global recovery, and that econ ...


October 2009 Market Update

October 2nd, 2009, Jody Copple

Posted in Market Update

     
 

October 2009


   
 

October Market Update

GDP and the Housing Market

On September 30th, Statistics Canada released a report stating that Canada's GDP 'stalled' in July, reversing its June growth of 0.1% to slide back to no growth in July. While these numbers seem small, economists had expected Canada's GDP to grow by 0.5% and the figures sugg ...