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April 2013

Found 2 blog entries for April 2013.

BCREA ECONOMICS NOW Bank of Canada Interest Rate Announcement - April 17, 2013 The Bank of Canada kept its target overnight rate at 1 per cent this morning. In the statement  accompanying the decision, the Bank forecast that the Canadian economy will gain momentum through the year following a weak second half in 2012, but slow growth through the first half of this year will limit real GDP growth to just 1.5 per cent in 2013 before rising to 2.8 in 2014. The Bank's revised forecast means that the economy is now projected to return to full capacity in mid-2015, rather than in 2014 as previously predicted. A more persistent output gap will keep downward pressure on inflation, which is now expected to gradually rise to the 2 per cent target rate by mid-2015.…
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Ron’s Candid Comments on the Victoria Real Estate Market - April 2013 "Our Spring Market has Sprung with the warm weather and flowers and while sales did pick up over the previous month as they have done consistently in history, the volume of sales is still substantially below last and prior years’ levels. The bottom line is that “The Buyers’ Market Continues” with great selection, continuing low interest rates (to those who qualify which has become increasingly challenging for many) and downward pressure on prices from sellers in distress who don’t have the liberty to wait for better times and who are competing for reluctant buyers. There really are some great opportunities arising and it’s a particularly good time to “move up” in the market."  

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