Back in August I was asked to comment on Radio Real Estate Show about Mark Carney’s, the Bank of Canada governor, statement that the recession was over. At that time I said that time would tell to see if he was right. Based on most recent data it appears he was accurate. In a news
The Bank of Canada announced yesterday that they were holding their overnight rate steady. This means prime rate will remain at the ultra low level of 2.25% for a while yet. What is more important is the bank’s commentary. They reiterated their commitment to hold rates at the current level until the end of the
In one of the most optimistic reports I have read, Central 1 Credit Union is forecasting record sales and pricing on BC housing for 2010. They anticipate sales to increase 30% and the annual median price to rise to a record $391,000 in 2010. The driver of this, as in many reports and forecasts, I
