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Wednesday, January 13, 2010 - Bank of Canada calls talks of housing bubble premature

A Bank of Canada official called talks of a Canadian housing bubblepremature in a speech in Edmonton Monday, adding higher interest ratesare not the solution to cooling the current surge in housing demand andprices."If the bank were to raise interest rates to cool the housing market now- when inflation is expected to remain below target for the next yearand a half - we would, in essence, be dousing the entire Canadianeconomy with cold water, just as it emerges from recession," said DavidWolf, ... Full Article...
posted in News at Wed, 13 Jan 2010 12:35:18 -0800

Tuesday, January 5, 2010 - Vancouver 2009 stats as per the Real Estate Board

REBGV StatsSlow start, strong finish for housing market in 2009After beginning the year at near record low sales levels, buyers? confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.The Real Estate Board of Greater Vancouver (REBGV) reports that total unit sales of detached, attached and apartment properties in 2009 reached 35,669, a 44.8 per cent increase from the ...
posted in News at Tue, 05 Jan 2010 19:04:02 -0800

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