My friends. I hope you and your families are all staying safe and taking care during these difficult times our community’s been faced with. Since most of us are being asked to stay home with some financial assistance provided for BC renters, BC workers,...
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...
Earlier this year the government introduced the Speculation Tax in an attempt to slow the accelerated housing price growth in the province of BC. Now, several months after this regulation was implemented, reports are claiming that, as of July, the...
Can you feel that warm spring sun finally coming out?! With a bit of luck, winter should finally be behind us; which means summer is just around the corner. This year has already been off to a great start, with our first month reporting a year-over-year...
With a white Christmas around the corner (yay!), it’s time to talk about 2020 and what to expect in real estate this coming year. In retrospect, 2019 was shockingly consistent considering the many happenings throughout the year a change in mortgage...
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...
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...
While the weather may be cooling down, Kelowna’s housing market continues to heat up. Western Investor just selected Kelowna as the #1 hot-spot for real estate investment in Western Canada, largely due to our city’s increasing levels of housing...
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...
