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 News
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BANK OF CANADA RAISES KEY INTEREST RATE TO 0.75 PER CENT
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BANK OF CANADA RAISES KEY INTEREST RATE TO 0.75 PER CENT |
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The Bank of Canada raised its benchmark policy rate Tuesday by 25 basis points to 0.75 per cent, even though it scaled back its growth outlook on the belief budget cutting among households and governments in advanced economies is expected to "temper" the pace of the global recovery.
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| GDP in Canada is now expected to expand 3.5 per cent this year and 2.9 per cent in 2011, the central bank said, compared to its previous outlook in April of 3.7 per cent and 3.1 per cent growth, respectively. | |
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2010’s First Dip In Home Prices
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2010’s First Dip In Home Prices
There’s one thing about price declines: They’re good at making people ask: “Now what?” The answer is pure speculation, as usual, because housing—like the economy, interest rates, and the weather—can’t be predicted long term. | |
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Metro Vancouver developers spearhead rental apartment construction mini-boom
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Metro Vancouver developers spearhead rental apartment construction mini-boom
Metro Vancouver developers, in the first half of 2010, have started work on the highest number of purpose-built rental apartments than in corresponding periods in the past five years, Canada Mortgage and Housing Corporation reported Friday. | |
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iPad real estate applications
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iPad real estate applications
The way people view real estate information is changing, and with sales of over a million in the U.S., Apple’s iPad offers access to a new generation of real estate apps. This multi-touch tablet computer allows users to scroll through listings on its 9.7-inch screen with a flick of their finger and comes with a digital compass on 3G models to display a house hunter’s current location. | |
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