Blog by William Lew

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February Stats 2009

March 3rd, 2009
News Release
FOR IMMEDIATE RELEASE:
Property listings decrease, as February sales improve
VANCOUVER, B.C. - March 3, 2008 - Residential housing sales in Greater Vancouver rose 94 per cent in February compared to the month before, with 1,480 sales registered in February compared to 762 sales in January, which was the slowest month for housing ...

Bank of Canada

March 3rd, 2009

Our trusted mortgage broker Matthew Chan keeps us updated on the latest financial market conditions.

Today, the Bank of Canada dropped its key overnight rate by another half percentage point to ½%. This is the lowest ever overnight lending rate. The Prime for most major banks is now 2.50%.

Policymakers have indicated that rates can be expected to stay low as inflation returns to the ...

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