Daily Market Update

by REP23 Jan 2015
Lower dollar to bring Chinese investors
The low dollar, the interest rate cut and the recovery of the American economy should mean good news for the real estate markets in most places in B.C., experts say. But the plummeting cost of oil and the resulting instability of the Canadian economy could hurt domestic demand and spell bad news for resort areas such as the Okanagan, which rely on people from Alberta buying vacation homes. Read the full story here

Interest rate cut to boost smaller markets
The interest rate cut is also doing good things for smaller markets in Ontario. According to the president of the Sarnia Real Estate Board, even lower interest rates will certainly maintain momentum in the local resale market. The Bank of Canada stunned economists by cutting its key interest rate a quarter point to point-75 per cent Wednesday. Read the full story here.

Commercial real estate to face challenges ahead
A weakening global economy, sliding oil prices, a burgeoning development pipeline and a possible interest rate hike in the United States will create both risk and opportunity in the Canadian commercial real estate sector in 2015, according to Avison Young’s 2015 Canada, U.S. and U.K. Forecast. Read the full story here

Income-price gap growing: TD 
Hamilton has one of the biggest gaps in the country between average household income and the average price of a house — and that gap is growing. Only Vancouver, Victoria, Montreal and Toronto had higher income-to-house-price ratios last year, according to data from TD real estate economists. What does this mean for real estate in the booming housing market. Read the full story here

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