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Wednesday, March 8, 2023 - JUST RELEASED

Bank of Canada Interest Rate Announcement - March 8, 2023 As signalled in its previous interest rate announcement, The Bank of Canada maintained its overnight rate at 4.5 per cent this morning. In the statement accompanying the decision, the Bank noted that restrictive monetary policy is weighing on demand and it expects weak economic growth for the next couple of quarters. That weak growth should moderate wage growth in a currently tight labour market and ease competitive pressures on prices, ... Full Article...
posted in General at Wed, 08 Mar 2023 15:56:10 +0000

Saturday, March 4, 2023 - Signs of stability in Fraser Valley create opportunities for home buyers and sellers

House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October The Fraser Valley Real Estate Board (FVREB) processed 898 sales on its Multiple Listing ServiceŽ in February, an increase of 43.5 per cent over January but still only half as many as were recorded a year ago. February new listings were also up, by 5.7 per ... Full Article...
posted in General at Sat, 04 Mar 2023 01:46:15 +0000

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