Tag: Canada

Greater Montreal home sales grow 16 per cent to set new record in July

MONTREAL — Summer vacations haven’t dampened demand in Greater Montreal’s real estate market which saw sales grow by 16 per cent to a new sales record in July. The Quebec Professional Association of Real Estate Brokers says residential sales hit 3,698 for a 53rd consecutive monthly increase. Sales of single-family homes and condominiums climbed 16 per cent to 2,012 and 1,313 respectively. Plexes with two to five dwellings increased 23 per cent…
— Read on www.msn.com/en-ca/money/real-estate/greater-montreal-home-sales-grow-16-per-cent-to-set-new-record-in-july/ar-AAFr7yu

Heated Vancouver housing market moderating for first time in three years: CMHC

Vancouver’s housing market stability has gone from “highly vulnerable” to moderate for the first time in three years, according to the new assessment from Canada Mortgage and Housing Corp. The shift comes as the CMHC has also dropped its red flag on real estate price acceleration in the Vancouver market, taking it from a “moderate” rating in May to “low” today. These assessments, contained in CMHC’s third-quarter report released Thursday, won’t…
— Read on www.msn.com/en-ca/money/topstories/heated-vancouver-housing-market-moderating-for-first-time-in-three-years-cmhc/ar-AAFct35

Negative-Yield World Lures Central Bankers to Canada Muni Market – Bloomberg

From a suburban office in Victoria, British Columbia, Peter Urbanc finds himself spending more and more time fielding calls from reserve managers and institutional investors halfway around the world.
— Read on www.bloomberg.com/news/articles/2019-08-01/negative-yield-world-lures-central-bankers-to-canada-muni-market

Bank of Canada unlikely to follow any Fed interest rate cut: experts

The U.S. Federal Reserve is widely expected to cut its interest rate Wednesday for the first time in over a decade — a big step, though one unlikely to pull Canada’s central bank out of its holding pattern any time soon. The Bank of Canada sent signals earlier this month that the Canadian economy is very much on its own path and, at least in the short term, has no reason to follow any move by the Fed to lower rates.
— Read on www.msn.com/en-ca/money/topstories/bank-of-canada-unlikely-to-follow-any-fed-interest-rate-cut-experts/ar-AAF72iO