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 […]Read more "A mortgage rate of less than 1% now available in Canada"
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"
A cross-country comparison of housing markets reveals housing markets are showing remarkable resilience except in Alberta and Saskatchewan. Recently released data by the Canadian Real Estate Association (CREA) shows that national residential real estate sales are accelerating faster than new listings, and prices are up in most places except the Prairies. Housing prices are also […]Read more "Canadian housing showing strength, but not all markets are firing equally"
The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) saw the second-highest number of both property sales and new listings ever recorded in July. The FVREB processed a total of 2,100 sales in July, an increase of 22.2 per cent compared to sales in June and an increase of 44 per cent compared […]Read more "Sales and new listings reach near record-setting numbers in the Fraser Valley"
London saw its high-end prices fall most significantly in the second quarter; Cape Town saw the most growth in the sector High-end housing markets across the globe, beleaguered by the coronavirus pandemic and the accompanying damage to the economy, have reached their lowest rate of annual growth in almost a decade, according to the […]Read more "Luxury Real Estate Across the Globe Sees Lowest Rate of Growth in a Decade"
MORE than 70 farmers from throughout British Columbia have found new opportunities in farming communities through the B.C. Land Matching Program (BCLMP). Delivered by Young Agrarians, the BCLMP connects new, young and established farmers with landholders seeking to lease their properties to ensure their land stays in production or starts producing food. Since the pilot launch, […]Read more "More farmers get access to affordable, available farmland in B.C."
Tidy up the garage, clean the patio furniture or finally get around to that DIY project…we all have a list of projects around the house that seems to grow faster than you can finish it. Now that you might be spending more time around the house, why not use this as an opportunity to start a […]Read more "8 Around-the-House Projects to Tackle"
CREA economist Shaun Cathcart on how the overheated markets before the crisis could become a source of strength after Shaun Cathcart, senior economist at The Canadian Real Estate Association, talks to Financial Post’s Larysa Harapyn about the state of Canada’s real estate in the wake of the pandemic and how the overheated market could […]Read more "Ignore the gloomy forecast — property prices are not poised to decline 18%"
Click the links below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single family homes for cities across B.C. Abbotsford Bowen Island Burnaby East Burnaby North Burnaby South Cloverdale Coquitlam Kelowna Ladner Langley Maple Ridge Mission Nanaimo New […]Read more "Monthly Market Update"