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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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WEST VAN'S IMMIGRANT POPULATION UP

The North Shore continues to be one of the most attractive regions in Canada for new immigrants, according to Statistics Canada’s recently released 2016 census figures.

Since 2001, West Vancouver’s population has grown by 259. However, the municipality’s immigrant population rose by 3,840, bringing West Van’s overall percentage of immigrants from 36 to 44 per cent.

http://www.nsnews.com/news/west-van-s-immigrant-population-up-1.23082818

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