Canada's #1 Negotiators

January 2009 - Posts

• Bank of Canada decreased its overnight target rate by 50 bps

  As expected, the Bank of Canada (BOC) decreased its overnight target rate on January 20th by 50 bps. It is now at a historical low 1%. So, there’s not much room for further stimulus on the interest rate front from the Bank of Canada! It's expected Read More... Posted Thursday, January 22, 2009 11:40 AM by PING SHU | 0 Comments

• 2,500 GTA Housing Resales in December, 74,000 in 2008

  TORONTO, January 9, 2009 –Toronto Real Estate Board Members reported 2,577 sales in December 2008, compared to the 4,646 recorded during the same month in 2007, and the 4,447 recorded in December 2006, TREB President Maureen O’Neill announced Read More... Posted Monday, January 12, 2009 2:55 PM by PING SHU | 0 Comments Filed under: Announcements

• Housing Starts Moderate in December

  OTTAWA, January 9, 2009 — The seasonally adjusted annual rate 1 of housing starts was 177,300 units in December, down marginally from 178,000 units in November, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts in Read More... Posted Friday, January 09, 2009 11:53 AM by PING SHU | 0 Comments