1 Jun

Policy Update for New Minimum Qualifying Rate

General

Posted by: Kimberly and Cindy Walker

As announced by the Office of the Superintendent of Financial Institutions (OSFI) and the Department of Finance, a new minimum qualifying rate will be used for all mortgages, effective June 1, 2021.  The revised calculation of the minimum qualifying rate for both insured and conventional mortgages will be the greater of the contract rate plus […]

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27 May

Another Happy Client!

General

Posted by: Kimberly and Cindy Walker

Olza T. I highly recommend The Walker Real Estate Team. My first experience at selling a home I loved for almost 20 years was made easier with Cindy’s support and positive attitude. She never allowed me to get discouraged. Thank you for doing such a great job Cindy. I called her a spitfire!

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5 Jun

Housing Market Picks Up Buyers/Sellers Adapt to Environment in South Surrey/White Rock

General

Posted by: Kimberly and Cindy Walker

Real estate is an essential service and it is one of the most important economic drivers in BC’s economy. Physical distancing, virtual tools and strict personal safety protocols, yet we’re seeing more and more transactions happening daily. It’s important for buyers to note that prices overall remain stable. We are not seeing a lot of downward pressure,  because for many areas there is a shortage of inventory. We are even seeing multiple offer situations where buyers are paying asking price. When supply and […]

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11 May

Residential Market Commentary – Pandemic Predictions

General

Posted by: Kimberly and Cindy Walker

Longer term outlooks for the housing market are mixed, depending on which indicators are being considered. The gloomiest projections are coming from Canada Mortgage and Housing Corporation.  The agency expects it will be, at least, the end 2022 – nearly three years from now – before housing prices recover to pre-recession levels.  CMHC head Evan […]

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