The Globe and Mail has a great article by Heather Scofield about the recent slash to the interest rates… to 1958 levels. She writes… “The Bank of Canada has joined the global campaign to prevent a broad recession from spiralling into an economic disaster, cutting interest rates to a 50-year low and dropping its focus [...]
Archive for December 11, 2008
Bank of Canada Slashes Rates Significantly
Making Sense of Today’s Housing Market
Came across this interesting article in the Vancouver Sun by Dave Watt, shedding some light onto the differences between the local market and the larger scale US market collapse. The article closes with the following excerpt… “While the current rate of foreclosures in the U.S. is nearly five per cent, only 0.28 per cent of [...]
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