Increased consumer confidence with more Canadians adapting to the mortgage stress tests and millennials reaching peak homebuying age. We are told to look for a 3.7% increase in the national average home price, plus continued low interest rates. Great time to review your financing and purchasing power. Give us a call today, to get ready […]

For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages. The market’s return to balance is good news for both buyers and sellers, however its important to put the 30 per cent year over year increase in sales into context. September’s sales […]

Mortgage rates are expected to remain at roughly their current level through to the end of 2020 according to a new forecast. The British Columbia Real Estate Association’s Economics team says that, notwithstanding any major changes to the economic landscape, the 5-year qualifying rate is set to remain at 5.19% in the fourth quarter of […]

With the electioneering gathering pace, two real estate and mortgage industry bodies have welcomed some recent pledges by the federal parties. Toronto Real Estate Board says that it is pleased that parties are making housing affordability a key part of their election campaigns, especially the Liberals’ commitment to expanding the First Time Home Buyers Plan […]

The average Canadian household was worth less in 2018 than in the previous year. The average net worth of $678,792 was down $7,594 (1.1%) in 2018 according to a study by Environics Analytics. While real estate values gained $6,336 (1.6%) other factors erased this gain as equities contributed to a $10,045 (3.4%) drop in liquid […]

Real estate organizations from across Canada are urging federal election parties to cut barriers to homeownership. Several bodies representing real estate agents have united in their message to politicians to reduce the challenges facing homebuyers including the mortgage stress test and zoning restrictions. They are also keen for the next government to allow 30-year amortizations […]

The Liberals have promised to increase limits and make some other changes to the First-Time Home Buyer program, if they win the federal election. The flagship program, introduced earlier this month, has been criticized for limits which exclude potential buyers of homes in the priciest markets such as Toronto and Vancouver. But the party says […]

A new report shows disparity in home price trajectories across Canada, including some large decreases. The CENTURY 21 analysis of home prices reveals that some communities have seen some steep decreases in price per square foot in the past year, most notably in British Columbia. BC’s decreases are led by some significant downturns in Vancouver, […]