Bank of Canada maintains overnight rate target at 3/4 per cent OTTAWA, March 4, 2015 /CNW/ - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. Total CPI inflation in Canada has fallen as expected, reflecting the significant drop in oil prices. Core in ...

March 4, 2015 Commercial real estate sales top $6 billion in the Lower Mainland in 2014 The Lower Mainland’s commercial real estate market hit a five-year high in 2014 in terms of the number and value of sales within the year. There were 1,963 commercial real estate sales in the Lower Mainland in 2014. This is 7.3 per cent above the 1,829 sales i ...

March 3, 2015 Home buyer and seller activity outpaces historical averages in February Conditions within the Metro Vancouver* housing market continued to strengthen in February as home sale and listing totals came in well above the region’s ten-year average for the month. The Real Estate Board of Greater Vancouver (REBGV) reports that resid ...

BC's 2% Transition Tax on new homes wrapping up March 31, 2015 March 31, 2015 is the last day the 2% Transition Tax will be in effect. This temporary tax is applicable on the sale of a new home that was 10% or more complete as of April 1, 2013. However, if ownership and possession take place on or after April 1, 2015, the 2% tax will not apply, as it ceases to exist on April 1. For informa ...

February 3, 2015 Home buyers remain active despite reduced selection The first month of 2015 saw home sale activity above historical norms, while the number of homes listed for sale trended below typical levels.     The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,913 on the Mult ...

REBGV: DEC. 2014   Stats January 5, 2015 Home sale and listing activity reach historical norms in 2014 It was a typical year for the Metro Vancouver housing market in certain respects. The region’s home sale and listing totals for 2014 both rank fifth when compared against the past 10 years of activity, while home prices increased. The Real Estate Board of Greater Vancouver (REBGV) reports th ...

REBGV: Commercial real estate market less active in the third quarter. The third quarter of 2014 was the least active of the year so far in the Lower Mainland’s commercial real estate market. This is according to data from Commercial ...Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV). The total dollar value of commercial sales in the regi ...

December 2, 2014 Metro Vancouver home sales remain strong Our November stats video takes a look at where the market is and where it might be heading.  Home buyers in Metro Vancouver remained active in November, a month that is traditionally a quieter time of year for real estate.The Real Estate Board of Greater Vancouver (REBGV) reports that residential ...

November 4, 2014 Metro Vancouver home sales above average in OctoberHome sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,057 on the Multiple Listing Service® (MLS®) in October 2014. This represents a 14.9 per cen ...

    September 26, 2014 Land sales lead commercial real estate activity in the first half of 2014 An increase in the number of land sales in the Lower Mainland helped nudge commercial real estate sales for the first half of the year above 2013 totals, according to data from Commercial Edge, a commercial real estate system oper ...