Canadian mortgage rates are the lowest in history. Can they go any lower?

Canadian mortgages rates are at a record low, but should potential home buyers lock in rates right now or will rates go any lower? Not by much, but yes, rates will go lower is the answer from several analysts citing the Bank of Canada’s policy, competition among lenders, seasonal factors and the pandemic’s impact on […]

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Preparing Your Property For Winter

While decorating your home for the holidays can be a fun, family affair, prepping your home in practical ways for the impending colder weather is a necessity you don’t want to skip. Follow these 7 steps to get your home winter-ready! Clean Your Gutters  Prevent roof damage by cleaning your gutters before the first snowfall. […]

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Going Away for the Winter: How to Secure Your Home

A winter escape is a popular choice among many Canadians. With crossborder travel reopened, many snowbirds are eager to flock south again this winter. The Canadian Snowbird Association (CSA) estimated 30% of Canada’s more than one-million snowbirds vacationed for the winter in 2020/2021 and predicted that number increased to about 90% during the 2021/2022 season. With so […]

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Canadian Home Sales Fall 3.9% in September—Now 12% Below 10-Year Average

Up until September, Canadian home sales seemed to be settling after a period of noteworthy drops; however, that all changed last month. Before we get into the latest housing data, let’s preface things by saying one month doesn’t make a trend. The latest real estate data released from the Canadian Real Estate Association (CREA), shows […]

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Canadian Housing Markets See Home Sales Declines Soften

While it may have been the sixth consecutive month-over-month decline for Canadian housing activity, August’s home sales only dipped 1% from July—the smallest decrease seen during this slowdown period. “Along with a stabilization of demand/supply conditions in many markets, [it] could be an early sign that this year’s sharp adjustment in housing markets across Canada […]

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Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises

Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales has also seen benchmark prices return to levels not seen since last year. In August, the Fraser Valley Real Estate […]

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