Quick version update: The Bank of Canada (BOC) increased its benchmark rate by 0.25% yesterday.  Prime rate which affects variable rate mortgages and Home Equity Lines is now 6.70% The central bank is now expected to put a pause on rate hikes to let the 8 consecutive rate increases this past year influence our economy […]

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening. Adjustable-rate holders will see their payment increasing for approximately $15 per every $100,000 mortgaged. The Bank of Canada is currently […]

Date: Saturday, February 25, 2023 – 4 pm to 7 pm What: Participants register to walk 2km + 5km – No fees Fundraising: Donations are directed to the much-needed Sources Community Center, South Surrey/White Rock bringing hope to those in need, including the housed/unhoused Where: Memorial Park, Marine Drive, East Side of Former Train Station. Meet Under the […]

Renovated Top Floor Unit SOLD⭐️⭐️⭐️⭐️⭐️ 302 – 1264 Merklin Street New Price: $599,000 2 🛌 2 🛁 Bayswater Penthouse. Rain screened: 2008, includes roof, windows, skylights & decks. Well run building – Nov 2022 Building Inspection on File. Boutique 6-unit building: 2 residences on each floor, no joining walls. Spacious 1236 sq. ft. bright open […]

Real Estate Rule Changes in BC Home Buyer Rescission Period – Buyers now have 3 business days to do their due diligence. If a buyer rescinds their offer, 0.25% of the purchase price will be paid to the seller Ban on Foreign Buyers – Buyers must have a Canada Permanent Resident Card or be a […]

A special thank you to our loyal friends, family, and clients for trusting us with their real estate and mortgage transactions. We have successfully been part of the Fraser Valley Real Estate Board Medallion Club for 26 years and counting. We will look forward to 2023 and another successful year in Real Estate! www.WalkerRealEstate.ca #mortgages […]

Date: Saturday, February 25, 2023 4 pm participants register for 2 km or 5 km walk – No fees 5 pm warm up/walk starts – 6:45 closing ceremonies/draws Fundraising: Donations are directed to the much-needed Sources Community Center, South Surrey/White Rock bringing hope to those in need, including the housed/unhoused Where: Memorial Park, Marine Drive, […]

There is no crystal ball that will give us answers to what lies ahead (for the housing market) given that the unprecedented rate hikes in 2022 were spurred on by a pandemic, war, and oil shock (all at once).  The question is are we done yet?  No one truly knows.  But if history can teach […]

New Price: $1,918,000 16472 89 Avenue Fleetwood Estates. European built executive 4,554 sq. ft. plan. Freshly updated features main floor formal living/dining with 10 ft. ceilings, front office, white kitchen, vaulted ceiling, updated stainless appliances, open to family room and southern exposed private deck & year garden. Upper level spacious master suite, 3 secondary bedrooms. […]

302 – 1264 Merklin Street New Price: $648,000 Bayswater Penthouse. Rain screened: 2008, includes roof, windows, skylights & decks. Well run building – Nov 2022 Building Inspection on File. Boutique 6-unit building: 2 residences on each floor, no joining walls. Spacious 1236 sq. ft. bright open south/east corner plan, renovated in 2012 & updated again […]