A new Canadian startup is looking to shake up the homebuying process by allowing homeowners to make their next purchase before the sale of their current home. Fundible, which officially launched today in Alberta and Ontario, boasts 100% assured financing so that a homebuyer can make a financing-free purchase offer without having to worry about […]
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Over the past month, we have seen several fixed mortgage rate hikes from the banks and other lenders. We all suspected rates would rise eventually, but this is happening much sooner than expected. Do rising interest rates affect mortgage pre-approvals? Rising interest rates make mortgage pre-approvals much more relevant and meaningful. Not only does a mortgage pre-approval give you […]
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The benchmark price of a detached home in the Fraser Valley rose to nearly $1.7 million and over $2 million in Metro Vancouver. The average price of townhome in Metro is now over $1 million. Homebuyers might be eyeing the Fraser Valley after a record volume of new listings in February, while home prices soared […]
Read more "Record-breaking number of new home listings in the Fraser Valley, while house prices soar in Metro Vancouver"
Canadian real estate prices are some of the fastest growing in the world, and have been for some time. The US Federal Reserve (the Fed) updated its real home price index for Q3 2021. All G7 countries are seeing home price growth, but nowhere is quite like Canada. In Canada, real estate prices have grown almost double […]
Read more "Canada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices"
A new forecast by the BC Real Estate Association (BCREA) anticipates the province’s average home price will see year-over-year increases of 8.5% to $1.006 million, and 2.7% to $1.033 million in 2023. This is up from $927,800 in 2021, when there was a 18.7% year-over-year increase from the pandemic shock year of 2020. This year […]
Read more "Average BC home price will reach $1 million for the first time in 2022"
There were 2,135 new listings last month, an increase of 67.1 per cent compared with December. Homebuyers with an eye on the Fraser Valley may be in luck as real estate experts say home listings in the region surged in January. While the valley’s overall property sales cooled compared with December, the volume of new […]
Read more "Fraser Valley home listings surged in January: Real estate board"
he Real Estate Board of Greater Vancouver says January home sales in the area slowed from a record-setting pace last year as the number of properties available dropped. The B.C. board says home sales totalled 2,285 last month, an almost five per cent decrease from 2,389 in January 2021 and a 15 per cent fall […]
Read more "Vancouver-area home sales slowed in January as supply dwindled: real estate board"
2021 by all accounts was a record-breaking year for Canadian real estate — a blockbuster for sales, prices and low inventories. Such a pace is unsustainable, most agree, but how much of a comedown are we in for? “Canada’s housing market isn’t about to buckle,” writes RBC senior economist Robert Hogue in a recent report. […]
Read more "Home sales set for the second ‘most remarkable’ year in Canadian real estate history"
A growing force for good in business just met one of the hottest trends in education, courtesy of two local players. The Greater Vancouver Board of Trade (GVBOT) and BCIT have launched the ESG (Environmental, Social and Governance) Fundamentals Microcredential. This new program aims to help give British Columbians the skills they need to put the province at the head […]
Read more "With new micro-credential, Greater Vancouver Board of Trade and BCIT aim to raise the province’s ESG game"
Canadian bond yields are soaring, but the central bank isn’t expected to raise rates. At least not yet, according to an analysis from BMO Capital Markets. Government of Canada (GoC) bond yields showed a multi-year high for annual growth in 2021. This means rising market expectations of the overnight rate climbing in the near-term. Despite soaring […]
Read more "The Bank Of Canada Is Unlikely To Raise Rates & Real Estate Needed Higher Rates Last Year"