Blog - Craig Doherty

Why a world in turmoil is still parking its cash in Canada — lots of cash*

(December 31, 2015)

With Canada’s economy struggling to rebound from recession, the nation’s government bonds were the best performers this year among major developed economies.

The slowdown at home has put the country’s top-rated government debt in something of a sweet spot. The central bank’s two rate cuts, and expectations for a third, bolster the value of existing bonds. And the country’s dimming economic outlook... read more.

West Vancouver To Curb Monster Homes*

(December 11, 2015)

On Monday, West Vancouver council took a small step toward dealing with monster homes and neighbourhood character, voting unanimously in favour of a set of proposed bylaws that address “building bulk”  in a way that staff describe as  “incremental in nature and phased over time.”
“This is an issue in the community and now we are seeing what we can do about it,” said Coun. Craig Cameron. “There’s stil... read more.

2016 RE/MAX Housing Market Outlook Report

(December 10, 2015)

Most regions in Canada's housing market have posted year-over-year gains in average residential sale price. Find out which regions are expected to see an increase next year in the 2016 RE/MAX Housing Market Outlook Report:

Amazing Average Sale Price Increases

(December 09, 2015)

Some amazing 12 month increases in the average sale price of homes in West Vancouver and North Vancouver. In addition, I've drawn out Lions Bay a community that has seen the upside of frustrated home owners missing out in multiple offer situations in North Vancouver. Those owners have turned their sights to those parts of the North Shore that are beautiful and proximate yet aren't a frenzy.

Year on... read more.

Bank of Canada Holds Rate Steady

(December 04, 2015)

The BoC announced its latest target for the overnight rate Wednesday morning.

The Central Bank decided to maintain its overnight rate at ½% Wednesday morning, citing economic growth that is in line with its October Monetary Policy Report. Still, economic recovery has not been strong enough to warrant a rate increase.

“In Canada, the dynamics of growth have been broadly in line with the Bank’s MPR ou... read more.

Foreign Investor Stats Revealed

(December 04, 2015)

Foreign owners made up a bigger share of the condominium markets in Toronto and Vancouver over the last year, according to the nation’s housing agency.

Foreign owners of condos comprised 3.5 percent of the market in Vancouver and 3.3 percent in Toronto, according to a report from Canada Mortgage & Housing Corp. which surveyed property managers. That’s up from 2.3 percent in Vancouver last year and... read more.