Vancouver Median Home Prices Drop 9%!
This week we unpack the recent Bank of Canada decision to hold interest rates steady at 5% and we review the latest stats for the month of August from the REBGV. With respect to interest rates the market got the hold it was hoping for and considering our recent history of 10 rate hikes and 3 holds, this decision came at a crucial juncture for Canada's economic landscape. The central bank's press release revealed that while inflation remained stubbornly high, the Canadian economy actual...