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Blog by Adriaan Schipper

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Historically normal activity keeps the Greater Vancouver housing market in a balanced state

December 2nd, 2011

Historically normal activity keeps the Greater Vancouver housing market in a balanced state

The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,36 ...

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Canada�s economy surges ahead

December 1st, 2011

http://mulhernmortgages.wordpress.com/2011/12/01/canadas-economy-surges-ahead/

Canada’s economy surges ahead

Canada’s economy surges ahead

Christine Dobby Nov 30, 2011 – 7:06 PM ET

Link to Financial Post Article

The Canadian economy was not as bad as first feared in the third quarter. In fact, it was much better than almost anyone had hoped.

Fuelled by record monthly output from the oil-and ...

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Canada�s slowing economy may need rate cuts: OECD

November 28th, 2011

Canada’s slowing economy may need rate cuts: OECD

By Greg Quinn

Bloomberg

Canada’s economy is slowing because of weaker foreign demand and may need new stimulus from the central bank and government if things get worse, the Organization for Economic Cooperation and Development said.

Gross domestic product will grow 1.9% next year, the Paris-based OECD predicted Monday, down from its May foreca ...

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Realty market unfazed by global crises

November 21st, 2011

http://www.theprovince.com/business/Realty+market+unfazed+global+crises/5717908/story.html

Realty market unfazed by global crises

Canadians continued to buy more houses -and pay more for them- in October, according to a monthly report from the Canadian Real Estate Association released Tuesday.

The report showed national resale activity rose 1.2 per cent in October, building on September's g ...

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Bank of Canada could slash interest rates in a big way next year

November 18th, 2011

Bank of Canada could slash interest rates in a big way next year

Chris Wattie/Reuters

Bank of Canada Governor Mark Carney.

John Shmuel Nov 9, 2011 – 4:10 PM ET | Last Updated: Nov 10, 2011 2:30 PM ET

As the nail biter in Europe continues this week, two economists are predicting the Bank of Canada will move to cut rates in a big way next year.

Sheryl King, an economist at Bank of America Merri ...

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New RE/MAX Global Website

November 10th, 2011

RE/MAX, LLC, the recognized real estate leader, has launched a new website, www.global.remax.com, the first truly global resource for consumers, with hundreds of thousands of home listings in countries around the world. The site features customized search tools that allow buyers to search for properties in 30 languages, translate currencies and find the latest international real estate news. ...

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Metro Vancouver home prices propelled by existing housing stock: surveyMetro Vancouver home prices propelled by existing housing stock: survey

November 8th, 2011

Metro Vancouver home prices propelled by existing housing stock: survey

By Brian Morton, Vancouver Sun November 7, 2011 11:16 AM

METRO VANCOUVER — The calibre of Metro Vancouver's existing housing stock is a big reason average home prices soared 128 per cent from 2000 to 2010, from $296,000 to $676,000, according to a Re/Max report released Monday.

“While supply and demand, population growt ...

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To buy or rent: that is the question

November 3rd, 2011

To buy or rent: that is the question

By Harvey Enchin, Vancouver Sun October 24, 2011

In a report earlier this year, Royal Bank of Canada chief economist Craig Wright suggested home ownership for a growing number of Canadians has become an impossible dream. That’s certainly true in Vancouver, where the affordability index is at record highs, with the average home price at nearly 10 times ...

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Bank of Canada holds rate at 1%

October 25th, 2011

http://www.cbc.ca/news/canada/story/2011/10/25/carney-bank-canada-rate.html

The Bank of Canada kept its target for the overnight rate steady at 1.0 per cent on Tuesday, citing a worsening global economy for the need to maintain the current level of stimulus.

The bank hinted it may have to keep its benchmark interest rate that low for an extended period, surprising those who have been expect ...

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BMO expects no rate hike untill 2013

October 5th, 2011

BMO expects no rate hike until 2013

Posted: Oct 4, 2011 3:01 PM ET

A big Canadian bank predicts the slumping economy will put interest rates on hold, or moving lower, until at least until 2013.

In an interest rate outlook released Tuesday, the Bank of Montreal said it does not expect interest rates to rise again until the early part of 2013.

That's about six months later than earlier forecas ...

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Adriaan Schipper

RE/MAX Crest Realty (Westside)

Blog by Adriaan Schipper

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Historically normal activity keeps the Greater Vancouver housing market in a balanced state

Historically normal activity keeps the Greater Vancouver housing market in a balanced state

Share
Canada�s economy surges ahead

Canada’s economy surges ahead

Share
Canada�s slowing economy may need rate cuts: OECD

Share
Realty market unfazed by global crises

Realty market unfazed by global crises

Share
Bank of Canada could slash interest rates in a big way next year

Bank of Canada could slash interest rates in a big way next year

Share
New RE/MAX Global Website

Share
Metro Vancouver home prices propelled by existing housing stock: surveyMetro Vancouver home prices propelled by existing housing stock: survey

Metro Vancouver home prices propelled by existing housing stock: survey

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To buy or rent: that is the question

To buy or rent: that is the question

Share
Bank of Canada holds rate at 1%

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BMO expects no rate hike untill 2013

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