Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada, not surprisingly, announced today that they will maintain the overnight rate at one per cent. The bank improved their outlook on the Canadian economy and noted that the global financial crisis has been stabilizing in the past few months. The news, however unsurprising, was met with…

Greater Toronto REALTORS® Release August Mid-Month Resale Market Figures

TREB (Toronto Real Estate Board) released their mid month numbers yesterday: There were 3,214 sales through the TorontoMLS® system during the first 14 days of August, representing more than a 22.5 per cent increase compared to the same period in August 2010. Year-to-date sales through the 14th of August were…