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, […]

Conventional 5 Year Fixed Rate Special: 3.44% up to 30 years Insured 5 Year Special: 3.34% and Prime -1.00%

Canada’s housing market likely to remain subdued this year but should see an uptick in 2020 as the impact of policy changes begin to ease. Sales are expected to remain weak amid lower access to mortgages caused by rising interest rates and stress tests. However, prices will rise in 2019 following a stabilization in 2018. […]

As the spring buying season approaches, Metro Vancouver’s housing market continues to exhibit weakness with buyers firmly in control. February’s data from the Real Estate Board of Greater Vancouver shows a 32.8% drop in sales year-over-year to 1,484, more than 42% below the 10-year average for the month. Sales were up 34.5% compared to January. […]