Canadian home buyers continue to accept and adjust to the new realities of the market, but that doesn’t mean they are happy about it. A home ownership survey conducted earlier this year suggests nearly 40% of homeowners see themselves as being (or having been) “house poor”. That means they are spending more than 30% of […]

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 […]

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%

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; […]

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 […]

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 […]

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 […]

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 […]

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, […]