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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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City of North Van Raises Building Standards

New homes in the City of North Vancouver are slated to be a little more expensive and a lot more efficient.

City council unanimously endorsed new construction guidelines in accordance with the B.C. Energy Step Code at an Oct. 2 meeting. The change is slated to come into effect as of Dec. 15.

http://www.nsnews.com/news/city-raises-building-standards-to-combat-greenhouse-gas-emissions-1.23063400 

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