The Bank of Canada announced this morning that it is lowering its target for the overnight rate by 0.25

BCREA ECONOMICS NOW Bank of Canada Interest Rate Announcement - July 15, 2015 The Bank of Canada announced this morning that it is lowering its target for the overnight rate by 0.25 percentage points to 0.5 per cent. In the press release accompanying the decision, the Bank emphasized that while this additional stimulus is required to help return the economy to full capacity given a contraction of GDP over the first half of the year, vulnerabilities associated with household imbalances could edge higher. Although core inflation remains close to the Bank's 2 per cent target, growth in the Canadian economy has stagnated. Today's rate cut should help to partially offset the negative impacts of low energy prices in the parts of Canada hardest hit by the dramatic decline in oil prices and oil and gas activity while providing further stimulus to regions like British Columbia that are enjoying more robust growth. For housing, the impact in markets like Vancouver or the Fraser Valley that are already experiencing very strong demand may be relatively muted. For other markets that been more negatively affected by low energy prices, including some areas of Northern BC, this may help spur housing demand For more information, please contact: Cameron Muir Brendon Ogmundson Chief Economist Economist Direct: 604.742.2780 Direct: 604.742.2796 Mobile: 778.229.1884 Mobile: 604.505.6793 Email: cmuir@bcrea.bc.ca Email: bogmundson@bcrea.bc.ca The British Columbia Real Estate Association (BCREA) is the professional association for more than 18,500 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients. Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Foreclosure - Court Order Sales as of Oct.4, 2104 for Prince George BC

The foreclosures are slowly inching down here in Prince George. Here is a link to the pdf file of what is available as of today.




Want to be on the Foreclosure List? If you wish to be on the foreclosure list to have up to date notices sent to you please fill out the online request form. Click Here

Cheers!
Dean Birks

MLS Foreclosure list for Prince George & area as of Dec.14, 2013

Here is a link to down the pdf list of the foreclosures in the Prince George market as of today.

http://www.deanbirks.com/4a_blog_post.php?post_id=28753

Cheers
Dean Birks

Foreclosure numbers remain constant for last few years

At any given time the foreclosure numbers remain about the same. As of this entry 26 homes are in foreclosure. Here are the details of those 26.

Foreclosures in the Prince George area stable

Not a whole lot new as of today. The average forclosures (court ordered sales) at any one time is around the 30 unit mark. Like in previous posts if your looking for that great deal give me a call as 9 times out of 10 I can get better results for my clients with regular MLS® listings. If your interested to discuss how its done just email or call me.

Cheers

Foreclosures up

Just checking in on the total foreclosures for Prince George BC and area and as of today they are at 34.

I believe we will see this kind of number and even a further increase this spring & summer as most of the mill closures and layoffs and just bad economic times occured about 12 to 20 months ago. So for those unfortunate to be laid off etc, their UI, support income or savings has or is most likely come to an end. Also those that stop making payments on their homes mid last year would be seeing the lending institution starting the foreclosure process about now.

Dean Birks
Prince George Real Estate

Foreclosure Update as of Jan.25, 2010

Prince George Real Estate - Just some quick comments on the Prince George foreclosure list count and how you can get a list emailed to you. List is for City & Rural Prince George Real Estate.