Housing prices remain soft, sales flat, throughout the Fraser Valley

Posted on Nov 02, 2022

SURREY, BC – 

Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories.

In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®), an increase of 0.4 per cent compared to last month and a 53.5 per cent decrease...

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Inflation, rising interest rates create caution across Metro Vancouver’s housing market

Posted on Nov 02, 2022

VANCOUVER, BC – November 2, 2022 – 

Home sale activity across the Metro Vancouver* housing market continued to trend well below historical averages in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in Oc...

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Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

Posted on Oct 26, 2022

FOR IMMEDIATE RELEASE
Media Relations
Ottawa, Ontario
October 26, 2022

The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening.

Inflation around the world remains high and broadly based. This reflects the strength...

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