Vancouver home prices up more than 11 per cent since last July, CREA says Home prices in Canada rose nearly nine per cent since last July, driven by the expensive housing markets in Vancouver and Toronto, according to Canadian Real Estate Association statistics. Not surprisingly, year-over-year price growth was the highest in Metro Vancouver at
From our very own Dr Sherry Cooper: The Bank of Canada cut its overnight rate target by 25 basis points to an historically low 0.5 percent today. The loonie immediately plunged to 77.5 cents U.S., down a full cent. The disparity between monetary policy in Canada and the U.S. is especially evident today as Janet
The Bank of Canada is getting what seems like unusual advice from one of the country’s leading real estate companies. Royal LePage says it’s worried a further rate cut might add fuel to some of Canada’s already red hot housing markets — a position that may seem at odds with a typical stance from realtors
