What Canada’s housing boom looks like
National sales of existing homes increased 1.2% from the previous month, building on a gain of 2.5% in September. Price gains however cooled to 5.5%, the smallest gains since January.
A total of 397,561 resale units have traded hands so far this year, CREA said, up 1.8% from levels in the first 10 months of 2010.
Here’s what you ...
Posted by Amanda Day
on November 17, 2011
Interest rates to remain on hold for longer
The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on October 25, 2011. This marks the ninth consecutive announcement in which interest rates have been held steady.
The tone of the accompanying statement was very dovish, with the Bank noting that “the global economy has slowed markedly ...
Posted by Amanda Day
on November 4, 2011