Housing market slowdown: How have things changed for buyers?

Possibilities and challenges have emerged from the cooldown, says mortgage executive. The housing and mortgage markets may have cooled off substantially in recent weeks – but that’s bringing opportunity for buyers including greater choice and less competition from rival bidders, according to a prominent industry figure. Shubha Dasgupta (pictured), president and CEO of the Pineapple […]

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How a Mortgage Pre-Approval Can Protect You from Rising Rates

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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Record-breaking number of new home listings in the Fraser Valley, while house prices soar in Metro Vancouver

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 […]

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Home sales set for the second ‘most remarkable’ year in Canadian real estate history

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. […]

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