Mortgage Rate Outlook

After an initial upward adjustment in global interest rates following the US presidential election, bond markets have since adopted a wait and see approach to US economic policy. As a result, the yield on the benchmark five-year bond has stayed constant through the first quarter of the year. Consequently, Canadian mortgage rates have also remained relatively unchanged. However, we could see some upward movement in interest rates over the second half of 2017, due to a stronger Canadian economy and a large degree of policy incoherence in the United States.

 

http://www.bcrea.bc.ca/docs/economics-forecasts-and-presentations/mortgagerateforecast.pdf

Read full post

WV MAYOR CALLS FOR RE-INVIGORATION OF WEST VANCOUVER

The mayor won the room but can the room win West Vancouver?

That was the question Wednesday night after Mayor Michael Smith beseeched the sold-out West Vancouver Yacht Club crowd to reinvigorate the community with new development and political advocacy.

“I’ve lost a lot of friends in the last few years,” Smith said. “They move out.”

- See more at: http://www.nsnews.com/news/mayor-calls-for-reinvigoration-of-west-vancouver-1.11514656#sthash.15LCC3KH.dpuf

 

http://www.nsnews.com/news/mayor-calls-for-reinvigoration-of-west-vancouver-1.11514656

 

Read full post

City of North Vancouver Mayor calls for Downtown Subway Tunnel Study

City of North Vancouver Mayor Darrell Mussatto says it’s time to start discussing the possibility of a rapid transit line to downtown Vancouver via a tunnel under Burrard Inlet.

The North Shore has yet to see its long-promised third SeaBus and 10-minute rush- hour service but Mussatto said, it’s already time to start thinking longer term.


http://www.nsnews.com/news/city-of-north-vancouver-mayor-calls-for-downtown-subway-tunnel-study-1.10826638 

 

Read full post