Newly Launched Fundible Allows Canadians to Buy Before Selling

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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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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The Bank Of Canada Is Unlikely To Raise Rates & Real Estate Needed Higher Rates Last Year

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 […]

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Real estate Q&A: Expert highlights trends in latest B.C. property value assessments

Over the weekend, homeowners learned how their property value had changed in the last year with the release of the latest assessment data. B.C. Assessment updated its website to reflect values calculated in July of last year, and many noted significant increases in value. Among those who saw a spike were the owners of B.C.’s […]

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Latest data from BC Assessment paints a grim picture for young, hopeful buyers, experts say

The latest data from BC Assessment shows significant increases in property values across the Lower Mainland. It’s another blow for young people hoping to buy, experts say. The numbers, which are based on market values as of July 1, 2021, were released Sunday, showing increases hovering around 20 per cent and higher across the region […]

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