December 2015

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

Posted on Dec 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...

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West Vancouver To Curb Monster Homes*

Posted on Dec 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...

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2016 RE/MAX Housing Market Outlook Report

Posted on Dec 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:

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Amazing Average Sale Price Increases

Posted on Dec 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 b...

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Bank of Canada Holds Rate Steady

Posted on Dec 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 growt...

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Foreign Investor Stats Revealed

Posted on Dec 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...

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