Greater Vancouver home sales trend toward buyers’ market over summer

Real estate market stable at year-end

Home sales activity strong through Olympic period

Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010

OTTAWA, Jan. 19 /CNW Telbec/ - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.

T ...

Metro Vancouver charts increase of 89-per-cent over same time last year

 By Derrick Penner, Vancouver SunAugust 6, 2009

 Home sales in the Lower Mainland burst out of their long slump in July as first-time homebuyers, lured by lower prices and rock-bottom interest rates, flooded into the market.

Both Metro Vancouver and Fraser Valley real estate boards reported record home sales for the month ...

Market conditions drive strong June housing sales

First-time buyers are now the driving force behind a Metro Vancouver real estate market that’s showing increasing signs of recovery, according to a report released Wednesday by RE/MAX.

“This survey says that people are confident in their jobs and taking advantage of record low interest rates and the price depreciation that’s occurred,” Elton Ash, regional executive vice-president, RE/MAX of W ...

OTTAWA — As expected, the Bank of Canada cut its key benchmark-lending rate Tuesday by another 50 basis points, to a record low of 0.50 per cent, to spur an economy that it acknowledged is deteriorating at a faster pace than expected, and indicated it would, if required, begin buying back government bonds in an effort to stimulate the economy.

In what analysts are calling a "bold" statement, ...