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Please support Ukrainian people in their fight for freedom: https://globalnews.ca/news/8643966/how-to-help-ukraine/

How British Columbians can help Ukrainians as fighting with Russia intensifies | Globalnews.ca Here are some helpful sources for how British Columbians can support people in the Ukraine following the Russian invasion this week.

The housing market has been catching up after COVID-19 lockdowns earlier this year stymied the spring selling season. Borrowing costs have also been low amid the COVID-19 response from the Bank of Canada.http://ow.ly/CSEj50ChNOn

Vancouver real estate: Housing market posts 2nd-best October on record as sales rise 29% The Real Estate Board of Greater Vancouver says October home sales were up 29 per cent compared to a year ago, making it the second-best October on record.

“There have been 16 sales over $10 million in the last five months so the luxury market appears to be bouncing back,” Major informed the Straight.

Vancouver real estate: $23-million Shaughnessy mansion sold as luxury home market bounces back in 2020 Nov 8, 2020 - Luxury real-estate market rises in Metro Vancouver and the Fraser Valley.

Proceeds from the sale of the property at 1081 Burrard Street will go towards funding the construction of the new St. Paul’s Hospital in the False Creek Flats neighbourhood.

St. Paul’s Hospital site sold to Concord Pacific for nearly $1 billion Providence Health Care has completed the sale of St. Paul's Hospital and the land on Burrard Street in Vancouver for nearly $1 billion to Concord Pacific.

That testing rate has already been lowered twice in this pandemic, first in mid-March when it dropped 15 points from 5.19 per cent to 5.04, and then again in May when it dropped another 10 points to 4.94 per cent.

Canada's mortgage 'stress test' level falls for 3rd time since pandemic began | CBC News The bar at which the finances of mortgage borrowers gets tested has just been lowered, making it easier for would-be home buyers to reach.

Home sales in the Greater Vancouver area are starting to return to more typical levels after dipping to four-decade lows in April, while prices continue to edge up from 2019.

Greater Vancouver home sales start to tick up, with prices holding steady | CBC News The Real Estate Board of Greater Vancouver says home sales are starting to return to more typical levels, while prices continue to edge up from 2019. The board reports 2,443 residential sales last month for the month of June.

The phenomenon is not limited to Vancouver. Prices of houses and condos in Toronto were also higher in May than they were in February.

Globe editorial: Not even the pandemic slowed Vancouver real estate City council must not back off on new housing

Led by land sales and the multi-family rental sector, the total dollar value of commercial real estate transactions in the Lower Mainland soared to $2.15 billion in the first three months of 2020, a 37.2% increase from the $1.57 billion recorded in the first quarter (Q1) of 2019.

Multi-family rental sales soar 900% in Lower Mainland Land and multi-family lead as commercial real estate transactions surged 37% in Q1 to $2.1 billion

The central bank said Wednesday its target for the overnight rate will remain at 0.25 per cent.

It said the impact of the pandemic on the global economy appears to have peaked, although uncertainty about how the recovery will unfold remains high.

Bank of Canada holds rate, says economy may have dodged pandemic’s worst-case scenario The central bank now expects GDP to decline between 10 and 20 per cent in second quarter

The reason why housing prices didn’t plummet in April, despite sales dropping by more than half, is that supply and demand declined together, says Marc Desormeaux, a senior economist at Scotiabank.

Coronavirus is shaking up Canada's housing market, but don't expect a crash - Macleans.ca Immigration, which drove hot markets like Toronto and Vancouver, is the wildcard

Ontario-based Skyline Commercial Real Investment Trust (REIT) – http://ow.ly/owdI50zQN4C – has acquired a Class A, four-site industrial portfolio in Calgary for $132 million. The deal closed on March 25.

Calgary industrial portfolio sells for $132M Ontario-based Skyline Commercial Real Investment Trust (REIT) – www.skylinecommercialreit.ca – has acquired a Class A, four-site industrial portfolio in Calgary for $132 million. The deal closed on. . .

CREA economist Shaun Cathcart on how the overheated markets before the crisis could become a source of strength after

Ignore the gloomy forecast — property prices are not poised to decline 18%

Home prices are holding up during the coronavirus pandemic despite lockdowns.

The most recent sign of resiliency comes from the Teranet-National Bank House Price Index for April, a composite of 11 major markets, is up 5.3 per cent from a year earlier.

Real estate resilient during COVID-19 but CMHC warns about debt’s effect The CEO of the Canada Mortgage and Housing Corporation says Canadians' addiction to debt will come back to haunt them.

The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent, sources tell Mortgage Broker News.

Bank of Canada to drop qualifying rate Borrowers will enjoy a sliver of extra buying power

The world’s biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities created by the pandemic.

With economies around the world sputtering, commercial real estate prices are expected to come down. How much they’ll fall is the key question.

Loaded with cash, real estate buyers wait for sellers to crack - BNN Bloomberg With economies around the world sputtering, commercial real estate prices are expected to come down. How much they’ll fall is the key question.

Bank of Nova Scotia, for example, is no longer allowing home buyers to use funds from a home equity line of credit for a down payment on a rental property, according to a memo the bank sent to mortgage brokers.

Big banks are tightening lending standards for real estate investors: mortgage brokers Bank of Nova Scotia is no longer allowing home buyers to use funds from a home equity line of credit for a down payment on a rental property, according to a memo the bank sent to mortgage brokers

87 percent of Canadians were able to pay rent in full last month, according to Angus Reid Institute poll

87 percent of Canadians were able to pay rent in full last month, according to Angus Reid Institute poll May 17, 2020 - Housing activists have been predicting a large number of evictions in the coming months because of growing debts faced by tenants.

Watch out for Sept. 1, indebted Canadians — that's when the creditors will come calling

Watch out for Sept. 1, indebted Canadians — that’s when the creditors will come calling Kelley Keehn, personal finance educator, speaks about how our money habits have changed amid COVID-19

Despite the effects of the pandemic, the market seems to be balanced overall. It’s still a sellers’ market for condos under $700,000 and detached homes around $1.6 million, with bidding wars still occurring for these property types. The market for more expensive homes, however, appears to be favouring buyers. https://www.point2homes.com/news/canada-real-estate/whats-in-store-for-vancouver-real-estate.html

What’s in Store for Vancouver Real Estate? With buyers being wary of moving during a pandemic and sellers concerned about opening their homes for viewings, prices in Vancouver have plateaued.

The average cost to rent a one-bedroom Vancouver apartment decreased 2.3% month-over-month in April, according to new PadMapper data.

https://blog.padmapper.com/canadian-rent-trends

“Because the economic slowdown wasn’t based on real estate or true economic factors, this was health-related. So I mean, that is the big question mark. How quickly can the economy start to go again, but with the reduction of interest rates by the Bank of Canada, the pent up demand in the Greater Vancouver area is all pointing to a significant return to a strong market once things start to return to some kind of normal.”

How coronavirus crisis could impact Metro Vancouver real estate - NEWS 1130 With bad news about the economy due to the COVID-19 crisis coming out on an almost-daily basis, many are wondering what this all means for the value of real estate in Metro Vancouver

Ottawa trio unleashes rate cuts, $10B stimulus and lowered buffers.

Ottawa trio unleashes rate cuts, $10B stimulus and lowered buffers - BNN Bloomberg The move comes amid growing concern about the economic fallout of the spread of COVID-19.

A judge in Ontario’s Superior Court of Justice has ordered a trio of Bank of Montreal subsidiaries to disgorge profits generated on $102.9 million in undisclosed fees charged to about 200,000 holders of registered accounts such as RRSPs, RESPs and tax-free savings accounts over a 10-year period.

Court orders BMO subsidiaries to pay back profit on $102.9 million in undisclosed fees The order, which the bank intends to appeal, is the result of a class action lawsuit brought against BMO Nesbitt Burns, BMO InvestorLine Inc., and BMO Trust Company

Bank of Canada lowers its key interest rate by 50 basis points to 1.25 per cent

Bank of Canada cuts interest rate: Read the official statement

The TransUnion incident is much more limited than the high-profile data hack at credit monitoring agency Equifax Inc. in 2017...

TransUnion says data on 37,000 Canadians may have been compromised | CBC News The personal information of about 37,000 Canadians held by TransUnion may have been compromised this past summer, leaving both of Canada's credit monitoring agencies with data blemishes on their record.

According to the Canadian Real Estate Association, national home prices have increased for six consecutive months. The national home price index is up by 0.9 per cent since August 2019.

OPINION | The fall real-estate update: Economists predict gradual rebound | CBC News Spring is usually the hottest season for real estate but that wasn’t the case in 2019. We saw inventories build and prices trend downwards.

If you’re 55 or older, you can borrow as much as 55 per cent of the value of your home. Principal and compound interest don’t have to be paid back until you sell the home or die. To keep the loan in good standing, homeowners only need to pay property tax and insurance, and maintain the home in good repair.

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Don't-pay-til-you-die reverse mortgages are booming in Canada - BNN Bloomberg Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon.

Real estate associations representing nearly three-quarters of the realtors in Canada have called for federal parties to commit to ease mortgage rules as the election campaign gets underway.

Canadian realtors push for eased mortgage rules ahead of election

The Bank of Canada maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.

Bank of Canada maintains overnight rate target at 1 ¾ percent The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.