Real Estate in the News

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Real estate news stories that we’ve been following this week.

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Bank of Canada keeps benchmark rate at 0.5%
Economists had been expecting the bank to keep its trend-setting target for the overnight rate where it is now. A few believe, however, that another cut might be possible later in the year unless the economic picture improves.

Three words to sum up Canada’s economy: ‘Best. Recession. Ever.’
Outside of the hottest housing markets in Canada, and the slump in Alberta, the economy is holding up well. Also read “The Bank of Canada has officially begun its “wait-and-see” era“.

Average Toronto-area home sale price fell to $602K in August
Sellers market conditions remain with a tight supply of home son the market as we head into the fall selling season.

Google technology might be future of real estate marketing
Hi-resolution imaging and virtual reality systems might just bring Google into the real estate technology forefront.

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