VANCOUVER, B.C. – January 5, 2010 – After 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 apartm ...

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The Bank of Canada kept their overnight rates at their effective lower bound of 0.25%. The Boc reiterated its conditional commitment to do so until mid-2010. This decision affects floating rate (Variable rate) mortgages and Home Equity Lines of Credit. These products remain at or close to historical lows. Prime lending rate remains at 2.25%. Full commentary attached for your review