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MORTGAGE RATE FORECAST......BCREA


As the year ends, it's worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve was its usual upward sloping shape, with markets expecting gradual rate increases by the Bank of Canada. Based partly on those expectations, Canadian mortgage rates were climbing. However, within 8 months the yield curve in Canada had inverted, bond yields tumbled, and Canadian mortgage rates were once again heading lower.


https://www.bcrea.bc.ca/economics/mortgage-rate-forecast/


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23-Storey Residential Tower Proposed for North Vancouver

A 23-storey residential tower is being proposed for the Central Londsale neighbourhood of North Vancouver, following City Council's decision to bring the development to public hearing in the fall. 

The 166-unit development would be located at 1441 St. Georges Avenue, just west of the 14-storey Royal George rental building, which has stood in the area since 1968. The Royal George would be refurbished and be brought up to modern building codes as a part of the development. Nine additional rental units would also be added to the existing building. 

http://www.rew.ca/news/23-storey-residential-tower-proposed-for-north-vancouver-1.21496704

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