The following news release was issued by Real Estate Board of Vancouver today: Federal budget offers good news for homebuyers and homeowners VANCOUVER, B.C. – January 29, 2009 –Yesterday’s federal budget offered a number of initiatives to benefit homebuyers and homeowners in our communities. “The housing measures tabled in yesterday’s budget will go a long [...]
Archive for the ‘Economic News’ Category
Federal budget offers good news for homebuyers and homeowners
Banks provide relief with Mortgage Cuts
Here’s some good news for Buyer looking to advantage of recent interest rate cuts. With these low rates and some great buys on the Whistler property market now is the time to buy! Globe & Mail, January 21st, 2009 Consumers pinched by the credit crunch are getting some relief as lenders lower their rates on [...]
Just Another Boom & Bust
With all this talk of economic crisis, some are losing sight of the fact that these cycles happen again and again. In an interesting article The links between now and 1958 Jacqueline Thorpe from the financial post puts things into perspective. She writes… “In these times of economic ‘crisis’ it bears keeping in mind how [...]
Bank of Canada Slashes Rates Significantly
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 [...]
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