Lower Mainland rental, real estate markets hold steady amid COVID-19

(May 04, 2020)

Lower Mainland rental, real estate markets hold steady amid COVID-19

BY PAUL JAMES AND LISA STEACY Posted May 3, 2020 9:38 pm PDT Last Updated May 3, 2020 at 9:45 pm PDT
Downtown Vancouver and Canada Place are seen here from the NEWS 1130 Air Patrol in the summer of 2019. (Source: Riley Phillips/NEWS 1130)
Vacancy rates have only gone up from 1 per cent to about 1.1 per cent since mid-March.
Re... read more.

How Coronavirus crisis could impact Vancouver Real Estate

(April 15, 2020)

Posted Apr 15, 2020 12:31 pm PDT

VANCOUVER (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 real estate values in Metro Vancouver.

The economic numbers coming in seem to get worse every time an update is provided, but given the low supply of homes on the m... read more.

Provincial Mortgage Rates to remain flat due to COVID-19: BC Real Estate Assoc.

(April 01, 2020)

With the prime rate just under 3 percent, mortgage rates in BC could remain stagnant according to the BC Real Estate Association.

Chief Economist, Brendon Ogmundson told Vista Radio the effects of the coronavirus will vary depending on how long this lasts.

“This extends into mass layoffs and a big impact on employment if the trickle-down is a little more permanent and that is going to affect housing... read more.

Several Banks match Bank of Canada with 50 basis point cut to prime interest rate

(March 10, 2020)

Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent, effective March 5.

The moves by the Royal Bank, Toronto-Dominion Bank, Scotiabank and the Desjardins Group match the Bank of Canada’s decision Wednesday to drop its key lending rate by 50 basis points, which was itself a matching of what the U.S. Federal Reserve had cut a day... read more.

(March 03, 2020)

Want help with your nutrition plan? Battling chronic pain or other health issues? Working to reach your fitness goals? The Health and Wellness Show (THAWS) is the perfect place to speak with experts and find new inspiration!

THAWS returns to Tradex in Abbotsford March 14 and 15 from 10 a.m. to 5 p.m. There are 200 exhibitors to inspire you and help you reach your goals.Check out vendors showcasing... read more.