• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
The Capital City Group Team

The Capital City Group Team

The Capital City Group Team - Josh Prowse - Victoria, BC

  • Home
  • Luxury
  • Search All Communities
    • Victoria
    • Victoria West
    • Oak Bay
    • Saanich
    • Sidney
    • Esquimalt
    • Highlands
    • Langford
    • Sooke
    • View Royal
  • Services
    • Buying A Home
    • Selling Your Home
  • News
  • Meet The Team
    • Reviews
  • Contact Us

Bank of Canada holds rates and changes tune.

January 23, 2013 by bromeus Leave a Comment

The Bank of Canada today announced it was holding it’s key Bank of Canadaovernight rate to 1% and corresponding Bank Rate to 1 1/4% stating that the “global economic outlook is slightly weaker than that Bank had projected in its October Monetary Policy Report“.  Economic expansion south of the border continues at a “gradual pace” while Europe as a whole remains in recession.

The slowdown in Canada in the second half of 2012 was “more pronounced than the Bank of Canada anticipated” while high consumer debt levels have been seen to have restrained household spending.

Perhaps it’s about time we reigned things in a little. on December 13, 2012 the Financial Post reported Canadians were “Carrying more debt than ever before” http://business.financialpost.com/2012/12/13/canadians-are-carrying-more-debt-than-ever-before/)

The Bank of Canada is anticipating moderate growth in consumption and a further decline in residential investment compared to historical highs.

The Bank of Canada sounded a little more humble for this announcement when referring to the withdrawal of monetary policy stimulus (rate hikes) indicating that although it will likely be required eventually, “the timing of any such withdrawal is less imminent than previously anticipated”.

To reads the whole article visit http://www.bankofcanada.ca/2013/01/press-releases/fad-press-release-2013-01-23/

And to view the half hour press conference visit http://download.isiglobal.ca/bocbdc/2013-01-23.html

WIN YOUR DOWN PAYMENT visit www.winyourdownpayment.com for details.

 

Filed Under: Real Estate News Tagged With: Bank of Canada, buying a home, Interest Rates, Investing, Key Overnight Rate, need a home, Real Estate Investing, real estate investment, Victoria Real Estate

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Featured Listing

Welcome to Nature’s front door. Experience the tranquility of nature from your private, nearly 1200 sq ft deck on this stunning property backing onto East Sooke park and retaining its natural rugged beauty. Built in 2016 and sporting many system updates including a 36 solar panel system, 9 kw generator, heat pump, a beautiful propane fireplace, heated flooring, a 2100 gallon cistern and a separate 19x20 garage/workshop.

Inside you’ll live in 1692 sq ft home featuring an open concept floorplan, 3 bedrooms with a generous walk in closet in the primary, one level living and a smart private layout between the primary, second and third bedroom provide ample space for family or office without the wasted space of a huge house.

Watch, listen, breath nature in your own west coast oasis. Call today for your private viewing $1,100,000

5557 East Sooke Sooke, British Columbia

3 Beds 2 Baths 4.790 Acres

You’ll find this cozy 1 bedroom ground floor condo in the Promontory has everything you need, without the extras you don’t. At 482 sq ft inside and 218 sq ft of private outdoor patio space, this is a great option for first time buyers, or investors and yes, bring your puppy. The unit allows 2 dogs AND 2 cats with no size restrictions.
The promontory features secure underground parking and a gym for the building’s use so throw away that gym membership and start saving today. If you’re a dog lover the Vic West off leash dog park is a short walk away, and of course so is downtown. 
Quit the renting, quit the roommates, and get the puppy you’ve wanted for years. This is it. $425,000

83 Saghalie 105 Victoria, British Columbia

1 Beds 1 Baths 482 SqFt

Find A Home

Stay Up To Date

Sign up to receive free real estate updates.

Search

Footer

Josh Prowse
Personal Real Estate Corporation
REALTOR®

Andrea Prowse
REALTOR®

Contact Us

  • Victoria
  • Victoria West
  • Oak Bay
  • Saanich
  • Sidney
  • Esquimalt
  • Highlands
  • Langford
  • Sooke
  • View Royal

Copyright © 2023 · The Capital City Group Team - Josh Prowse of Capital City Group · Privacy Policy · Log in