In a scheduled announcement on September 8th, 2021, the Bank of Canada kept its target for the overnight lending rate at its effective lower bound of 0.25%. The Bank will also be maintaining its Quantitative Easing program with a target of up to $2 billion of Government of Canada bonds weekly. The Bank said Canadian economic growth in the second quarter...
Ottawa, ON, September 15, 2021 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed between July and August 2021. HIGHLIGHTS National home sales edged back 0.5% on a month-over-month basis in August;Actual (not seasonally adjusted) activity was down 14% on a year-over-year basis;The number of newly listed properties ticked up...
A report funded by the Canadian liquefied natural gas industry estimates that creating a 56-million-tonnes-per-year LNG industry in B.C. would result in nearly 100,000 jobs. The Conference Board of Canada report, funded by the Canadian LNG Alliance, examines a scenario where 56 million tonnes per year of LNG is produced by 2034, including an expansion of the $40-billion LNG Canada project now under...
BC Northern Real Estate Board MLS® home sales decline from last August but remain above average The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 491 units in August 2021. This decreased by 8.9% from August 2020. Home sales were 8.1% above the five-year average and 14.1% above the 10-year average for the month of August. On a...