Today’s Interest Rates

January 15, 2015 under Interest Rates
Best Variable rate: 2.25%*, Best 3 year fixed: 2.29%*, Best 5 year fixed: 2.54%*, Some conditions apply. *O.A.C. E.&O.E.  
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CMHC tracks apartment turnover in Vancouver’s hot rental markets

March 30, 2016 under Useful Articles
BY DERRICK PENNER, VANCOUVER SUN MARCH 29, 2016 The Canada Mortgage and Housing Corp. has embarked on an effort to record the rate at which apartments in Metro Vancouver’s hot rental markets change hands to better understand market dynamics. DARRYL DYCK / THE CANADIAN PRESS Photograph by: DARRYL DYCK , Vancouver Sun Results from Canada Mortgage and Housing Corp.’s first-ever rental turnover survey in M
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Poll shows Albertans gloomy on economy

March 30, 2016 under Useful Articles
AMANDA STEPHENSON, CALGARY HERALD More from Amanda Stephenson, Calgary Herald Published on: March 29, 2016 | Last Updated: March 29, 2016 5:54 PM MDT   Nearly nine in 10 Albertans have a negative view of the provincial economy, a new poll shows. In an online survey conducted by Insights West, 88 per cent of respondents described economic conditions in the province as “very bad” or “bad,” while only 10 p
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Burnaby outpaces Vancouver in tower development

March 22, 2016 under Useful Articles
By Jeff Lee, Matt Robinson & Brian Morton, Vancouver Sun March 21, 2016 Metrotown Towers in Burnaby, BC Wednesday, May 29, 2014. Photograph by: Jason Payne , Vancouver Sun Burnaby is putting up a forest of highrise residential towers over the next 25 years, far outstripping anything contemplated by Vancouver. Targeting land around rapid transit nodes and four malls — Metrotown, Brentwood, Lougheed and Edmo
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Metro Vancouver home sales set record for February The sales in February were 56.3 per cent above the 10-year sales average for the month.

March 3, 2016 under Useful Articles
By JOANNE LEE-YOUNG, Vancouver Sun March 2, 2016 Last month was the highest selling February on record for the Metro Vancouver housing market, according to the Real Estate Board of Vancouver. Photograph by: Jason Payne , PNG METRO VANCOUVER — Last month was the highest selling February on record for the Metro Vancouver housing market, according to the Real Estate Board of Vancouver. Residential property sa
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Tony’s Latest Updates – March 3, 2016

March 3, 2016 under Tony's Latest Updates
The local real estate market conditions are accelerating.  Last month was the highest selling February on record for the Metro Vancouver housing market. Clients purchasing a property are faced with unconditional offers hoping to win against multiple bids. It’s never been more difficult to purchase a home.  Inventory levels continue to trend lower, with the exception of a few areas along with elevated demand. 
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Barbara Yaffe: Urbanization trend in B.C. can only intensify

February 24, 2016 under Useful Articles
BY BARBARA YAFFE, VANCOUVER SUN FEBRUARY 23, 2016 While smaller communities across B.C. face declining population numbers, places like Vancouver, Victoria and Nanaimo are the focus of increasing densification and urbanization. Photograph by: DARRYL DYCK , THE CANADIAN PRESS A weak currency and slumping global commodity prices are indirectly contributing to a rush on Lower Mainland real estate. The two forces are
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Tony’s Latest Updates – February 2, 2016

February 4, 2016 under Tony's Latest Updates
January 2016 real estate results are out and as you probably could expect sales and prices are up.  Last month’s sales were up 32% over January 2015.  The benchmark price for a detached property in Metro Vancouver now sits at $1,294,000.   Did you know that average price of a detached home in Tsawwassen increased 72% within the past 13 months. Click here if you would a copy of the Real Estate Stats. Over the
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Tight Metro Vancouver markets push average house price to new record $1.83 million

February 4, 2016 under Useful Articles
By Derrick Penner, Vancouver Sun February 2, 2016 The average price for a detached home in Metro Vancouver soared to a new record of $1.83 million in January in a market that continues to see hot demand, but a now shrinking supply of homes for sale. METRO VANCOUVER – Home sales in January eased off December’s torrid pace around Metro Vancouver, but remain in high gear with buyers piling into markets mark
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Canada’s real estate problem

February 4, 2016 under Useful Articles
by Luke Kawa and Erik Hertzberg 03 Feb 2016 The Canadian economy was largely stagnant through the first 11 months of last year, shrinking by 0.09 percent. In light of the collapse in oil prices, however, things could have been worse. But the relative resilience of headline growth belies the extent to which the economy is now being supported by one sector: real estate. Softness in the economy has been concentrated i
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Tony’s Latest Updates – January 15, 2016

January 14, 2016 under Tony's Latest Updates
The New Year has begun with plenty of apprehension. Financial markets around the world have turned negative with Asia leading the charge on worries of an economic slowdown. The Canadian economy is not bearing much better and the outlook here is worrisome. Although many lenders have broadly increased mortgage rates the Bank of Canada is expected to drop the bank rate next Wednesday. The Bank’s governor has eve
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