Tony’s Latest Updates – July 17,2015

July 17, 2015 under Tony's Latest Updates
On Wednesday, the Bank of Canada dropped rates by 25 basis points in efforts to prevent a prolonged recession. It is the second time within the past six months and as a result the prime lending rates charged by banks also fell. Prime is now as low as 2.70% reducing the cost of variable rate mortgages and line of credits. During the month of June, BC residential sales were up 26% from the same month last year and th
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Vancouver detached home prices up more than 12% in Q2: Royal LePage

July 16, 2015 under Useful Articles
By Emma Crawford Hampel July 14, 2015, 9:40 a.m A diminishing supply of detached homes in Vancouver led to a dramatic price increase for … A diminishing supply of detached homes in Vancouver led to a dramatic price increase for this home type in 2015’s second quarter, according to Royal LePage The average price for a detached home in Vancouver was $1,247,125 in Q2, which is up 12.6% compared with the
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Calgary house prices forecast to decline 2.4% this year: Royal LePage

July 14, 2015 under Useful Articles
MARIO TONEGUZZI, CALGARY HERALD More from Mario Toneguzzi, Calgary Herald Published on: July 14, 2015 | Last Updated: July 14, 2015 3:29 PM MDT Calgary house prices are expected to decline this year compared with 2014. JONATHAN HAYWARD / THE CANADIAN PRESS Average prices in major housing categories have remained relatively flat in Calgary for the first half of this year but they are forecast to decline by 2.4 pe
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UK inflation falls back to zero in June

July 14, 2015 under Useful Articles
By Szu Ping Chan 9:57AM BST 14 Jul 2015 Consumer prices inflation falls back to zero in June, as shops begin their summer sales The ONS said falls in clothing and food prices were the main factors behind the June fall Photo: PA Inflation fell to zero in June, as shops started their summer sales and an ongoing supermarket price war continued to push down food prices. Price growth, as measured by the consumer prices
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