|
March 2023 Market Update |
Bank of Canada holds interest rate steady
The Bank of Canada decided Wednesday to keep its trend-setting interest rate right where it is, at 4.5 per cent. It's the first time in more than a year that the central bank has decided not to raise its interest rate. Although it will come as encouraging news to borrowers, the move was widely expected, as the bank signalled at its previous policy meeting and in statements since then that it was leaning toward keeping its rate steady. |
|
|
|
|
|
|
|
|
|
|
|
|
|
B.C. Real Estate NewsBRITISH COLUMBIAHere's how much the cost of owning a home in BC has fallen since last year (DailyHive) New housing starts in B.C. to decline despite record spending (Vancouver Sun) LOWER MAINLANDVancouver leads nation in office completions, lowest vacancy rate (BIV) VICTORIA & VANCOUVER ISLANDGreater Victoria real estate market limps into 2023 (Times Colonist) |