Foreclosures List in BC, Neighbourhood Market Reports, Bank of Canada Rates, and Wintertime in Banff!

Micky Kandola - The Realtor With Soul

Team 3000 Realty

micky@therealtorwithsoul.com
604.780.2770
https://www.therealtorwithsoul.com

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Foreclosures List in BC

Here is a list of the latest foreclosures in BC.

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If you have any questions, please call/text 604-780-2770.

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Wintertime in Banff

I had a quick 5 day winter Rockies tour in Banff and it was one of the rare times I got to see the beautiful Canadian Rockies in the winter.

It was majestic. I never get tired of the beautiful mountains.

When I’m home I always feel like the mountains are calling me and I feel at home in their grandeur.

This is the view from the back of the Banff Springs Hotel.

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Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

Global economic developments have evolved broadly in line with the outlook in the January Monetary Policy Report (MPR). Global growth continues to slow, and inflation, while still too high, is coming down due primarily to lower energy prices. In the United States and Europe, near-term outlooks for growth and inflation are both somewhat higher than expected in January. In particular, labour markets remain tight, and elevated core inflation is persisting. Growth in China is rebounding in the first quarter. Commodity prices have evolved roughly in line with the Bank’s expectations, but the strength of China’s recovery and the impact of Russia’s war in Ukraine remain key sources of upside risk. Financial conditions have tightened since January, and the US dollar has strengthened.

In Canada, economic growth came in flat in the fourth quarter of 2022, lower than the Bank projected. With consumption, government spending and net exports all increasing, the weaker-than-expected GDP was largely because of a sizeable slowdown in inventory investment. Restrictive monetary policy continues to weigh on household spending, and business investment has weakened alongside slowing domestic and foreign demand.

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Neighbourhood Market Reports

Here are the latest market reports sorted by city and property type.

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For any questions, call/text 604-780-2770.

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Here’s how much house $1 million can buy in Canada’s major real estate markets today

Despite several consecutive hikes in interest rates over the past year, home prices in Canada have remained relatively stable thanks to low inventory. In major housing markets across the country, a $1-million price tag is not uncommon, but the type of property available at this price point can vary from one city to another.

In examining what a budget of approximately $1 million – give or take $50,000 – can buy in Canada’s major housing markets, Royal LePage determined that the average home in Canada valued between $950,000 and $1,050,000 in December of 2022 had 3.2 bedrooms, 2.6 bathrooms and 1,763 square feet of living space, inclusive of all property types. Data for the report was provided by Royal LePage’s sister company RPS Real Property Solutions, a leading Canadian real estate valuation company.

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Empty Nester

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Here's a little montage which takes us from an empty nest box to first egg.

The British Trust for Ornithology has a BlueTit Diary page which sets out their nesting and breeding habits and states that usually blue tits spend between one and two weeks building their nest.

Some even build their nest in only a few days.

This female took between 6 and 7 weeks!

Such a perfectionist.

It might go some way to explain why this nest was so deep.

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"The Realtor with Soul"
My address is: Micky Kandola Team 3000 Realty 20232 Fraser Hwy Langley, V3A 4E6 Canada	Powered By HippoContact