Dominic Darmanin

Cell: 604-788-1476 |

Interest Rates and Housing ~ You're Not Going To Believe This!

The Bank of Canada (BoC) claims that strong economic indictors necessitate increasing its benchmark interest rate for the first time in seven years. This is to ward of the spectre of inflation which the BoC considers to be one of its top priorities. For the BoC determining what “inflation” is rests on the Consumer Price Index or CPI. But what goes into the CPI isn't necessarily reflective of the actual expenses of Canadians....

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I write a lot about China because our future is inextricably tied to the policy decisions of its government and the investment decisions of its citizens. Kenneth Rogoff is an economics professor at Harvard and had previously been the chief economist and research director at the International Monetary Fund from 2001-2003; he stated that he could see China exporting a recession to every other country with its soaring debt. Put simply, “China has fueled its explosive growth via a massive credit...

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Compared to many other major cities in the world the Vancouver downtown condo market is still relatively affordable. According to a study by the National Bank, the price-to-income ratio of condos in Vancouver compared to 17 other major cities world wide ranks us 14th in terms of affordability.

National Bank studied the average prices of 90-square-metre (970-square-foot) condos in 18 large markets worldwide, as well as the average family income in these cities, to demonstrate relative affordability....

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