Will interest rates go lower and real estate prices rise further? CMHC has recently predicted that the current real estate boom will come to an end next year with more moderate growth rates. Although it may be hard to believe that prices will continue to rise, there is little evidence to the contrary. Interest rates are not expected to change greatly and there seems to be minimal risk of a recession. Mone
Vancouver city council votes to tear down viaducts. The Georgia and Dunsmuir viaducts are coming down.
By Mike Howell, Vancouver Courier Oct. 28, 2015, 8:35 a.m. The Georgia and Dunsmuir viaducts are coming down. In a 5-4 vote Tuesday night, the ruling Vision Vancouver council agreed with a staff recommendation to proceed with a $200-million plan to demolish the elevated roadways that have served as a link from Chinatown and Strathcona to downtown since the 1970s. “We’re basically trading an agi
Mortgage rates have moved higher this week. Both fixed term and variable rate mortgages have risen. Customers should not take this as a change in the trend of rates given the economic news across the globe. No industrialized nation is considering raising the cost of borrowing any time soon; with the possible exception of the US. Borrowers should bear in mind that longer term fixed rates can rise while short
Barbara Yaffe: Vancouver economy booming, but will everyone prosper? Population and economic growth is expected to continue, but that means higher house prices
BY BARBARA YAFFE, VANCOUVER SUN COLUMNIST OCTOBER 2, 2015 Vancouver Shipyards new steel cutter at Seaspan Sub-Assembly Building in North Vancouver. The federal ships being built at the Seaspan subsidiary are among the reasons manufacturing is booming in Vancouver. Photograph by: Arlen Redekop , Vancouver Sun The Vancouver area is poised to be the fastest-growing metropolitan economy