Well, maybe that’s optimistic as I’m sure there is more bad weather to come before the flowers bloom but warmer weather and less white stuff around does lift the spirits. The spring real estate market does wait for warm weather though and the buyers are out desperately looking for something to buy. I have never in my 40 years in the business experienced such a dearth of listings. So come on, sellers, take advantage of the situation. It can’t last forever!
Some items of interest:
Canada Mortgage and Housing Corporation (CMHC) has issued a report entitled
Housing Activity Stronger in 2010
Revenue Canada has put out an explanation of how the transition to HST will be managed in Ontario and British Columbia. You can find it at www.cra.gc.ca/harmonization.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.