December 2009 - Posts

10 December 2009
PROVINCE INCREASES NEW HOUSING REBATE THRESHOLD

VICTORIA – The Province is proposing to increase the threshold for the B.C. HST new housing rebate from $400,000 to $525,000 to ensure that, on average, purchasers of new homes up to $525,000 pay no more tax due to harmonization, Finance Minister Read More...

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10 December 2009
Fifteen markets to set new records for average price in 2009

In the midst of one of the most tumultuous economic periods in recent history, residential real estate has proven to be a safe harbour, with sales and average price expected to post gains in most major Canadian cities in 2009, according to a report released Read More...

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10 December 2009
Bank of Canada holds steady on rates

CBC News The Bank of Canada kept its benchmark lending rate at 0.25 per cent Tuesday, reiterating its conditional commitment to hold rates steady until the middle of 2010. "While significant fragilities remain, global economic developments have been Read More...

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