Monday, 23 December 2013 02:50 No risky business in 2014, Scotiabank says Written by  Grainne Burns Investors should calm down and carry on in 2014. That is the word from Scotiabank who are playing down the so-called risks that may affect market conditions next year. The big risks – high household debt, affordability issues and […]

Brokers beware of young buyers driving Audis by Justin da Rosa | 06 Jan 2014 Finance Minister Jim Flaherty said on CTV’s Question Period Sunday that he is monitoring the state of the housing market and is willing to intervene in the mortgage default insurance industry again if the need is felt. “I talk to […]

News Release: January 3, 2014 FRASER VALLEY’S HOUSING MARKET QUIET, YET STABLE IN 2013 (Surrey, BC) – Neither predictions of a huge crash or notable recovery came to pass in 2013 as Fraser Valley’s real estate market stayed slow and steady, similar to 2012’s market. Fraser Valley’s total sales volume last year was 13,663 a […]

Housing Market Experience Soft Landing. by MBN | 06 Dec 2013 The housing market is expected to experience a soft landing, as opposed to a hard correction, the Bank of Canada announced in its monthly overnight rate announcement this week. “The housing sector has been stronger than expected but is consistent with updated demographic data […]

BCREA ECONOMICS NOW Bank of Canada Interest Rate Announcement – December 4, 2013 The Bank of Canada once again opted to maintain its target for the overnight rate at 1 per cent. In its accompanying statement, the Bank highlighted that inflation continues to move below the Bank’s 2 per cent target due to significant excess […]

News Release: December 3, 2013   FRASER VALLEY’S HOUSING MARKET COOLS IN NOVEMBER      (Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®)  recorded 986 property sales in November, an increase of 9 per cent compared to the 905 sales during the same month last year, however a decrease of 21 […]

Good news for landlords. Buying and servicing a home in Canada is increasing, and that obstacle may prove enough for buyers to hold off from entering the market for now. Good news for landlords. Buying and servicing a home in Canada is increasing, and that obstacle may prove enough for buyers to hold off from […]

Survey focuses on two generations of buyers Front PageNov 11, 2013 By Jean Sorensen The millennials (known also as the children of baby boomers born between 1972-1992) and the post Second World War baby boomers (born 1946-1965) are making the greatest impact on the real estate industry today. “Both the boomers and the millennials want […]

News Release: November 4, 2013   FRASER VALLEY HOME SALES IN OCTOBER CONSISTENT WITH 10-YEAR AVERAGE      (Surrey, BC) – An increase in sales and a decrease in new listings last month resulted in Fraser Valley’s real estate market returning to typical activity levels for October – on par with that month’s 10-year average.   […]

Flaherty to discuss further changes with developers  MBN | 29 Oct 2013 Finance Minister Jim Flaherty will meet with developers to determine whether future interference in the housing industry may be needed. “Some of the economists this morning suggested that I have some conversations with some people in the building industry – some more conversations […]