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 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.
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