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...
BC Housing Speculation
Starting the year strong with a 3.6% increase in resales following the declines shown in the fourth quarter of 2018, there’s still speculation about the year ahead according to the latest CREA home sale data. Positives aside, the general consensus for...
Housing in BC Continues To Cool
Vancouver's red-hot housing marketing continued to cool last month as home sales fell to the lowest level seen in January in the last 10 years. Although The Real Estate Board of Greater Vancouver says that sales are 39.3 per cent lower this January than...
BC Housing Expected To Cool In 2019
Reports from market watchers claim that 2019 could be one of the more affordable years to buy a condo in B.C., thanks to the increased supply and regulatory measures that have contributed to suppressing home sales. The Real Estate Board of Greater...
Vancouver Asks Province To Rescind Real Estate Tax
Vancouver Mayor Kennedy Stewart recently sent a letter to Premier John Horgan asking the provincial government to rescind a new tax on real estate, even though Mayor Stewart claims to support the tax. The tax, called a school tax surcharge, was first...
Bank of Canada Raises Interest Rate to 1.75%
The Bank of Canada can finally see “home” on the horizon with the latest increase of interest rates now levelling out. Governor Stephen Poloz and his deputies on the Governing Council raised the benchmark interest rate a quarter point to 1.75 percent, as...
Protecting the Rent?
The B.C. government has announced changes to the province's annual allowable rent increase formula that are expected to save many renters hundreds of dollars next year. Premier John Horgan and Housing Minister Selina Robinson announced Wednesday that...
Location, Location, Location?
A controversy was recently brought to light in the Okanagan Real Estate market - a Global News investigation found some discrepancies on the Multiple Listing Service (MLS) between listing locations and actual locations of properties. In a market like...
A Downsize for Baby Boomers
While the spotlight for small homes tends to revolve around the younger generation and potential for money saving, it seems as though smaller spaces may have a new buyer in town. In a recent report by Royal LePage, it was found that the baby boomers...
