16 Apr

Home sales remain in a “holding pattern” says CREA

General

Posted by: Kimberly Walker

The spring season is a mixed one for Canada’s housing markets with some showing gains while others remain under pressure. More than a year on from the introduction of mortgage stress tests, the impacts are still being felt and new measures to help buyers have not yet taken effect. Despite some positive economic conditions, the […]

Read More
8 Apr

5 year feature rates

General

Posted by: Kimberly Walker

Insured Purchase/Transfer: Fixed 3.19% or ARM P-1.00% Conventional ARM (up to 80%, 25 year am): ARM P – 0.45% Conventional Special (up to 80%, 30 year am): Fixed 3.29%

Read More
8 Apr

IMF says Canada’s housing market is risky, similar to the bust

General

Posted by: Kimberly Walker

The International Monetary Fund has expressed concern about rising risk in the Canadian housing market. The IMF’s Global Financial Stability Report says that the risk has grown over the past two years and is near to levels seen during the financial crisis of the last decade. However, there’s a major difference between then and now; […]

Read More
3 Apr

17th Annual Garage Sale – Sat, April 27, 9 am

General

Posted by: Kimberly Walker

Location: Drive ways of targeted residents: Bell Park, Amble Greene, Elgin Park, Chantrell Creek, Morgan Creek and Grandview Subdivisions. We advertise in local paper/social media/Craig’s List and Kijiji, www.WalkerRealEstate,ca/Blog, plus provide signage and area maps Details or sign up contact: Kimberly Walker 778.828.6186 or kimberlywalker@dominionlending.ca (ensure you receive our confirmation) Final sign up date: April […]

Read More
3 Apr

Fraser Valley market sees typical spring increase in March sales

General

Posted by: Kimberly Walker

SURREY, BC — Last month, buyers in the Fraser Valley took advantage of the continued stability in home prices and the highest inventory levels for March since 2015. The Fraser Valley Real Estate Board processed 1,221 sales of all property types on its Multiple Listing Service® (MLS®) in March, a 24.3 per cent increase compared […]

Read More
29 Mar

RBC: Housing affordability has improved for the first time in 3 years

General

Posted by: Kimberly Walker

The last three months of 2018 finally brought some improvement to housing affordability across Canada. After more than three years of declining affordability, RBC Economics says its measure shows widespread improvement; although first-time buyers in the hottest markets are still facing a significant struggle. In its Housing Trends and Economic Report, RBC’s aggregate housing affordability […]

Read More
26 Mar

Lower mortgage rates as bond yield inverts

General

Posted by: Kimberly Walker

The current decline in the bonds market is good news for Canadian fixed-rate mortgage borrowers with rates heading lower. As the bond market yields invert – as they did Monday in Canada – the cost to banks of borrowing in the market declines, meaning they are able to finance mortgages at a lower rate and […]

Read More
21 Mar

Real estate bodies restate case for 30-year backed loans

General

Posted by: Kimberly Walker

More industry bodies representing real estate agents have given their views on the federal government’s latest housing measures. Reaction to the government’s budget measures remain mixed but the Canadian Real Estate Association, the British Columbia Real Estate Association and the Toronto Real Estate Board have all welcomed the focus on affordability for first-time buyers. However, […]

Read More