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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Condo sales are at an all time high in the Fraser Valley and the Lower Mainland, before you set your sights on the condo unit and complex you think are right for you (and likely enter into competition), read this guide to help you find your perfect home. Hire a professional Realtor® to represent […]
Read more "15 INSIDER TIPS TO BUYING A CONDO"
In all the excitement and packing, buying & selling, many people forget to take care of some essential items before they move. Don’t look past these 5 things you need to take care of, or it could cost you $$$.
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The super-heated housing market in Metro Vancouver cooled slightly in May but the Greater Vancouver Real Estate Board says sales still remained active. A statement from the board says 4,268 homes changed hands across the region last month, a 13 per cent drop compared with April. While May didn’t match record-breaking activity seen earlier in […]
Read more "Vancouver housing market less intense in May but sales, listings still strong: GVREB"
The Real Estate Board of Greater Vancouver says more than 4,900 homes were sold in the region last month, a 14-per-cent decrease from March. April sales were up 342 per cent from the same time period last year when the market slowed dramatically due to the COVID-19 pandemic. The composite benchmark price for all residential […]
Read more "Demand for Metro Vancouver real estate remains high as prices grow, board says"
For the eighth consecutive month, Fraser Valley real estate saw record-breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record-breaking months, last set in 2015/2016. In April, the Fraser Valley Real Estate Board […]
Read more "Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices"
Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday. Nearly five months after the changes were first proposed, the Department of Finance and Canada Mortgage and Housing Corporation (CMHC) have enhanced the eligibility criteria for buyers in Toronto, Vancouver and Victoria. As a recap, the FTHBI is a shared-equity program whereby […]
Read more "First-Time Home Buyer Incentive 2.0 Now Available"
Canadian real estate prices have been rising quickly, but it’s never been like this before. Canadian Real Estate Association (CREA) data shows home prices made a big jump in March. Over the past 12 months, home prices increased more than they did over the previous 4 years. That’s just at the national level. More than a half-dozen […]
Read more "Canadian Real Estate Markets Crammed Up To 15 Years Of Price Gains Into One Year"
For 26 years, the real estate boards of Greater Vancouver and the Fraser Valley have teamed up for the REALTORS Care Blanket Drive. Real estate agents across the Lower Mainland would join with their clients and a network of of charitable organizations to collect and distribute blankets and lightly-used clothing. This year they opted to throw […]
Read more "Realtors Care Blanket Drive raises 50k for housing related charities"
The Liberal government wants to ramp up aid for first-time real estate buyers in some of the country’s priciest markets. Making good on a 2019 election promise, the latest federal fiscal update mentions revamping the First-Time Home Buyer Incentive (FTHBI) for those seeking to purchase a house in Vancouver, Victoria and Toronto. With the program, […]
Read more "Will the new First-Time Home Buyer Incentive drive up home prices?"
How would you like a mortgage with an interest rate of less than one per cent? That’s what HSBC, Canada’s seventh-largest bank by assets, is now advertising. The lender’s website now shows it is offering a new five-year variable mortgage rate of a mind-boggling low 0.99 per cent. It is a first in Canadian history in terms of bank-advertised rates, according […]
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Buckle up in your bubble, as we head into the last month of 2020 and down the rabbit hole of stagnating provincial health policies. The B.C. Health Authority has again enacted the “essential only travel policy” province wide, because of our rising positive COVID-19 testing numbers. We are told that Christmas this year will be […]
Read more "A test of resilience for long-standing B.C. Markets"
Home sales up 29% compared to October 2019 The Real Estate Board of Greater Vancouver says October home sales were up 29 per cent compared to a year ago, making it the second-best October on record. The board says its agents sold 3,687 homes last month, up from 2,858 sold in October 2019. Home sales […]
Read more "Vancouver housing market posts 2nd-best October on record"