Finance

Budding Success

Budding Success

    While it’s still early to tell what the rest of the year’s market activity will look like, one thing’s for sure - 2020 is off to a great start, setting up the spring market perfectly.  It’s reported that there was an over 23% increase in average market...

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Cold Weather, Hot Market

Cold Weather, Hot Market

    While 2019 may have been off to a slow start, we certainly ended it strong. With lower inventory and higher sales than December last year, the market is looking a lot warmer than the weather heading into this new decade. All this, and the fact that homes...

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Election Impacts on Housing

Election Impacts on Housing

    Following the recent federal election, many of you are probably wondering what’s in store for the housing economy in the coming years. While we saw an uptick in home sales in September, the question of sustainable growth continues to pop up, among things...

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Active Listings on the Rise!

Active Listings on the Rise!

    Last month, the Bank of Canada announced that they would be lowering the mortgage qualifying rate for the B-20 Stress Test in hopes that it would allow more people to access the real estate market. This good news came after the BC Real Estate...

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Mortgage Qualifying Rates Reduced

Mortgage Qualifying Rates Reduced

    Following a recent BC Real Estate Association report claiming housing sales would have been 10% higher in 2018 had it not been for the B-20 Stress Test, the Bank of Canada adjusted the qualifying rate for mortgages for the first time since 2016. Although...

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May Heats Up the Market

May Heats Up the Market

    While most of the Canadian market is slowing down and showing signs of a pricing decline later this year, the month of May had the best sales activity yet. Although affordability continues to remain questionable, reports indicate that housing prices are...

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Affordable Homes Leading The Way

Affordable Homes Leading The Way

    The trend across most real estate markets in British Columbia all seem to be affected by the cooling housing market. Fortunately, one area that’s on the rise in recent months is our beautiful city Kelowna, particularly for properties valued in the...

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Mortgage Rates Fall As Bond Yields Drop

Mortgage Rates Fall As Bond Yields Drop

    As fixed mortgage rates continue to fall over recent weeks, what’s become good news for some Canadians has become bad news for others. While the cost of financing mortgages has gotten cheaper, mortgage-holders are the unexpected contributors to some of...

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