Greater Victoria’s housing market picked up in October. The Victoria Real Estate Board (VREB) recorded 573 sales across its region, up 23.8% from 463 in September. October sales were still 7.1% below October 2025 and close to the five-year October average of 581. The rebound tells us more about how busy the market was than […]

By Dr. Sherry Cooper, Chief Economist, Dominion Lending Centres. October 28, 2026. Bank of Canada Raises the Overnight Rate to 2.5%, Says More May Be Needed Today, the Bank of Canada raised the overnight rate by 25 bps to 2.5%, joining the six other G-10 central banks that have tightened monetary policy to combat inflation. […]

Preliminary results show the B.C. Conservatives leading in 63 of 93 ridings, putting them on track for a majority government. Results remain subject to final counting. Source: Elections BC Lorne Doerkson campaigned on reducing regulatory barriers, expanding natural gas production, encouraging private investment and pursuing tax relief. Source: Global News For housing, the Conservatives promised […]

Interest rates remain a key question for homeowners approaching renewal. Canadian Mortgage Professional reports that CMHC chief economist Mathieu Laberge expects the Bank of Canada to hold its policy rate steady for the remainder of 2026, while leaving open the possibility of increases in 2027. That is an economist’s outlook, rather than a commitment from […]