Monthly Market Update 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 […]Read more "Monthly Market Update"
The Canada Mortgage and Housing Corporation report predicts Metro Vancouver will have a balanced housing market, with moderate increases to home prices. The Metro Vancouver housing market will see higher sales and modest price increases over the next two years, according to a Canada Mortgage and Housing Corporation forecast. The CMHC report, released Thursday, forecasts income […]Read more "Metro Vancouver home prices will see modest increases over next 2 years: CMHC report"
Canada’s housing market continues to rebound this fall from last winter’s chill. The Canadian Real Estate Association (CREA) reported that benchmark prices rose 0.5% in September from August, and 1.3% year-over-year. The aggregate benchmark price for the 19 cities CREA tracks is now $629,200. The benchmark is the best metric we have for measuring “typical” […]Read more "Canadian Housing Market Rebounds in September"
Understand your housing options, choose your priorities and select your homebuying professionals. Think long term when buying a home. What kind of home do you need now? What will you need in 5 to 10 years? Consider: the location and neighbourhood the size of the property and home the type of home — for example, detached, […]Read more "Find the Right Home"
Are you financially ready to own a home? Look into these 5 calculations and questions before you meet with your broker or lender. Compare how much you currently spend on expenses and debt payments with the amount you have saved or invested. How much can you afford to spend on housing each month without risking your financial health? […]Read more "Are You Financially Ready to Own a Home?"
Buying a home is a big decision. Ask yourself 5 questions before you decide if you’re ready to own a home. Am I financially stable? Do I have the financial management skills and discipline to handle this large a purchase? Am I ready and able to take responsibility for all the costs that come with being a […]Read more "Decide if Homeownership is Right for You"
The government’s First-Time Home Buyer Incentive (FTHBI) comes into effect today. The program, aimed at making it easier for young people to buy their first home by lowering new buyers’ monthly mortgage payments. According to the program, which was introduced by the Liberals in their 2019 budget, the federal government will absorb five per cent […]Read more "Here’s what you need to know about the First-time Home Buyer Incentive"