Quick analysis of Bank of Canada’s latest interest rate no-change
Posted on Jun 09, 2025
The Bank of Canada doesn’t take a summer vacation. The fifth of eight interest-rate announcements this year will be made in the middle of summer — July 30 is the listed date. In such volatile economic times, it’s likely to attract more attention than mid-summer news usually does.
The fourth announcement (June 4) produced the widely-anticipated resul...
Condo sales statistics worthy of interpretation
Posted on Jun 03, 2025
It’s impossible to avoid the headlines about condos and their place in the current real estate market.
“The condo market is slowing down”
“Metro Vancouver condo sales dropped 20 per cent”
“Vancouver condo market shows signs of crashing”
One realtor was even heard to say, on television, that there were more for-sale signs than posts to put them in t...
Right time for buyers, good news for sellers
Posted on May 10, 2025
Buyers who have been waiting on the sidelines before jumping into the real estate market may have found that “sweet spot” for doing so.
A story written for Canadian Mortgage Professional (CMP) this months is headlined: “Some Canadian homebuyers have best purchasing opportunity in decades”. The facts behind it are that a cooler market and declining i...
April’s Bank of Canada interest rate still 2.75 per cent
Posted on Apr 16, 2025
In these times of uncertainty, it was fairly certain that the Bank of Canada was going to put a hold on interest rates originally expected to continue their downward trend…and that’s what the Bank did.
In keeping its key policy rate at 2.75 per cent for the Bank’s scheduled April announcement, the press conference included this explanation from Bank...
More transparency about pending and closed sales
Posted on Apr 13, 2025
The Greater Vancouver Realtors is the largest, and only the third, real estate board in Canada to make sold listings available on Realtor.ca. In the interests of transparency, the GVR now shows: (1) sold listings that are searchable, (2) sold listings that include both “closed” and “pending” sales, and (3) sale prices, 30 days after the closing dat...
Reactions to Federal Reserve announcement
Posted on Mar 20, 2025
The announcement by the U.S. Federal Reserve that interest rates will not change was widely greeted by variations of the same message, which is that the Fed is waiting to get a read on the “new” economy that comes with a change in government, and whether it is headed towards inflation.
Here’s a sample of what is being said:
CNN Business: “[The decisi...