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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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WESTBANK TO TARGET 'LOCALS' FIRST

WESTBANK to Target "Locals" First for Upscale Horsehoe Bay Housing Project

A Vancouver developer is launching a Locals First sales campaign at its proposed upscale Horseshoe Bay project.

In mid-June, Westbank Corp. rolled out a splashy marketing campaign in Hong Kong about the development....

http://www.theprovince.com/business/local+business/westbank+target+27locals+first+upscale+horseshoe/12076329/story.html 

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