The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.
Many members seem to think that the Privacy Protected status on their listings will keep other members from ever contacting those clients/sellers in the future. That is not correct.
It simply means that other REALTORS® must not use the MLS® as their source for the information they use to communicate with the seller. This is specified in the Rules of Cooperation6.06, Privacy-Protected Listings, and on the Privacy Notice and Consent form.
Fraser Valley January home sales typical; new listings lagging
SURREY, BC – January’s property sales in the Fraser Valley came in 6 percent above the 10‐year average for the month, while new listings finished 11 percent below historical norms.
The Fraser Valley Real Estate Board processed 974 sales of all property types on its Multiple Listing Service® (MLS®) in January, a 21.9 percent decrease compared to sales in December 2019, and a 24.2 percent increase compared to the 784 sales in January of last year.
Specialty: Residential Properties, Development Properties
Area Covered: Surrey, Langley, Richmond, White Rock, Burnaby, New Westminister, Vancouver
Languages Spoken: English, Hindi, Punjabi
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