Blog by Beach Crescent Condos
Market Update
January 21st, 2009Yesterday was historic on two counts and both will impact on Canada. Firstly Barack Obama was sworn in as the 44th President of the United States. At a time when people are looking for hope he seems to be the right person in the right place. I don't think his election will change the US economy overnight but he does appear to understand the magnitude of the problem and he certainly seems to i ...
RBC Rates
January 20th, 2009Bank of Canada met today and decided to decrease prime rate. As a result, RBC has decided to decrease its prime lending rate by 50 basis points to 3.00 per cent from 3.50 per cent, effective January 21, 2009. That means that our rates are as follows: 1) Variable Closed at prime (3.00%) plus 0.80% resulting in 3.80% today. 2) Variable Open at prime (3.00%) plus 1.00% resulting in 4.00% today. ...
Ben is in the Vancouver Sun !!!!
January 8th, 20092009 Outlook
January 8th, 2009
I found this interesting article that brings a few points of view
on the year to come.
Follow the link below to view the PDF.
2008 brought improved housing affordability to Greater Vancouver
January 5th, 2009
The record-breaking real estate market cycle in Greater Vancouver,
longer
than normal at seven consecutive years, ended in 2008 amidst global economic challenges. The change brought relief
from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December
2001 to $648,421 by December 2008.
The Real Estate Board of Greater Vancouver (REBGV) report ...
than normal at seven consecutive years, ended in 2008 amidst global economic challenges. The change brought relief
from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December
2001 to $648,421 by December 2008.
The Real Estate Board of Greater Vancouver (REBGV) report ...