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Blog by Micah Verceles

Jobs up. Rates steady.

January 13th, 2020
The Canadian economy just keeps playing into the hands of the Bank of Canada as the central bank continues to resist pressures to trim interest rates.

The latest jobs report has given the Bank yet more ammunition to defend its position. The December figures showed a nice recovery following the sharp drop in November. The economy netted 35,200 additional jobs last month and the unemployment ra ...

The Real Estate Board of Greater Vancouver - December 2019 Stats

January 7th, 2020
Home sales decline below long-term averages in 2019 despite increased demand to end the year

The Metro Vancouver* housing market experienced below average sales activity and moderate price declines in 2019.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three per cent increase from the 24,619 sales re ...

Residential Market Commentary - 2020 foresight

January 6th, 2020
The New Year is here, we are heading into a new decade and by most accounts all is right in Canada’s housing market.

2019 has been a turnaround year in the industry, particularly through the second half. The Canadian Real Estate Association, the big realtors and the Canada Mortgage and Housing Corporation all expect an ongoing recovery through 2020. But each has its own interpretation of “rec ...