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 […]Read more "Canadian mortgage rates are the lowest in history. Can they go any lower?"
One of Canada’s most resilient and prolific sectors has been its real estate market. The residential market has mainly been on a consistent rise for the last several years. Canadians already know this. It is the reason for the buzzing activity in the housing market since the 2008 financial crisis. As immigration increased, so did […]Read more "Waiting for Cheaper Real Estate? Canada Housing Is Due for a Crash"
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."
A new report from the British Columbia Real Estate Association shows June home sales rose 17% year-over-year Why it matters: The BCREA’s chief economist says sales surged back to pre-COVID-19 levels last month. While sales have normalized, active listings are down and certain markets are reporting upward pressure on prices. New B.C. real estate […]Read more "B.C. home sales ‘surge back’ to pre-COVID levels"
Number of sales doubled from May to June as province gradually reopened, says real estate board Property sales in the Fraser Valley bounced back in June as buyers and sellers adapted to COVID-19 measures, according to the region’s real estate board. The Fraser Valley Real Estate Board says it had 1,718 sales in June, more […]Read more "Fraser Valley real estate sales surges in June after COVID-19 slump"
Thinking of buying a house and plan on borrowing money for a mortgage in the coming months? Next month, you may have a harder time securing a mortgage. Come July 1, it will be harder for Canadians to qualify for a new mortgage due to changes announced last week by the Canada Mortgage and Housing […]Read more "Canada Mortgage and Housing Corporation tightens lending standards"
Interest rates around the world have fallen sharply amid a pandemic-induced economic crisis, and the result is that it has never cost less to borrow money to buy a house in Canada. Rates on Canadian mortgages have fallen to their lowest levels ever, with one bank ― HSBC Canada ― now offering a five-year, fixed-rate mortgage at […]Read more "Canadian Mortgage Rates Hit All-Time Low"