Real Estate News - North Vancouver, North Burnaby, TriCities BC

Real estate news and updates from REALTOR® Nina Campbell. Nina gives the insider tips and resources for buying and selling real estate in North Vancouver, North Burnaby, and TriCities - Port Coquitlam, Port Moody, and Coquitlam.

 
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Latest news from BCREA Economics Now states that Canadian consumer price inflation picked up marginally in February, registering 1.2 per cent year-over following a 0.5 per cent increase in January. The Bank of Canada's core inflation index, which excludes the eight most volatile components of the CPI like energy and food, rose 1.4 per cent year-over-year in February, a moderate acceleration from January's 1 per cent increase.  Inflation in BC registered only 0.9 per cent year-over-year in February. 


Subdued by sluggish growth in the Canadian economy over the past six months, inflation continues to trend well under the Bank of Canada's two per cent target.  As economic growth improves in the latter half of 2013 and into 2014, inflation should gradually move back toward 2 per cent. Until then, we expect that the Bank of Canada will remain on hold and that longer term interest rates that impact mortgage pricing will hold near historic lows.

 

It looks like it would be a good time to see your mortgage broker and take advantage of the longer term low interest rates. 

 

If you have any questions or would like more information please feel free to contact me either by email at nina@ninacampbell.ca or on my cell at 604-209-1225. If you get my voicemail or are sending me an email, please leave a detailed message and how I can best reach you so that I can get the information you need before returning your call or email. If you have any feedback in regards to the information you are receiving, I would love to hear from you.

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Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for the Real Estate Board of Greater Vancouver. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog can be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full

 

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