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This week
Canadian consumer price inflation dropped from 3.4% in December to 2.9% in January, opening the door to a Bank of Canada interest rate cut in the coming months.
BC's provincial government has announced that as of January 1, 2025, a 20% levy (the so-called "flipping tax") will be applied to the increase in the value of homes that are sold within 2 years of having been purchased (with exceptions).
The yield on 5-year government of Canada bonds (which strongly influence 5-year fixed mortgage rates) currently sits at 3.61%, down from a recent local peak of 3.80%.
the rennie outlook 2024
Our annual compendium of housing, demographic, and economic predictions for the year ahead.
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The Vancouver Region experienced declines in both home sales and listings last year as high interest rates weighed on housing market activity.
PODCASTS
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What’s in store for 2024?
February 2024 • Episode 60
all or nothing
January 2024 • Episode 59
market practicalities of macro-ality and seasonality
December 2023 • Episode 58
it’s finally safe to say that rates have peaked
November 2023