Majority (60%) of Canadian Homeowners Admit to Mistake Making When Buying a Home; Renovations (15%), Small Down Payments (14%), and No Home Inspection (13%) Among Top Concerns Affordability (46%) and Saving for Large Down Payment (32%) Top Reasons for Not Buying Until Now for First-Time Buyers Monday, April 29, 2013 Toronto, ON – When it […]

News Release: April 3, 2013 LOWER INVENTORY KEEPS HOME PRICES IN CHECK AS ‘SLOW BUT STEADY’ MARKET CONTINUES (Surrey, BC) – In March, the Fraser Valley Real Estate Board processed 1,128 sales on its Multiple Listing Service® (MLS®), a 20 per cent decrease compared to the 1,412 sales during the same month last year, and […]

Lost decade predicted for Canadian housing market 7 Home prices boom is now a bust; future increases will mirror rate of infl ation Think of it like an elastic ( being stretched). The snap back is going to be a lot harder.GRANT CONNORNATIONAL BANK FINANCIAL After years of growth, economists say the real estate boom is […]

News Release: March 4, 2013 POSITIVE SIGNS FRASER VALLEY HOUSING MARKET IS STARTING TO MOVE (Surrey, BC) – Sales on Fraser Valley’s Multiple Listing Service® (MLS®) in February experienced a typical ‘early spring’ surge, increasing by 48 per cent in one month going from 617 sales in January to 913 last month. However year-over-year, they […]

Good Morning!!   Great article on the effect of rates on housing affordability…     •           TSX    -50.76 to 12,650.87 •           DOW   -216.40 to 13784.17 •           Dollar   +.0007 to 97.45 •           Oil   -0.70 to 92.41 •           Gold   +5.40 to 1592.00   *these numbers have been taken from  www.tmxmoney.com  at 6:18 […]

Interest rates rising: Are you living on the edge?   By GoldenGirlFinance.com | GoldenGirlFinance.com   Canada’s benchmark interest rate has been at 1 percent for more than two years and, as a result, a lot of Canadians have gotten pretty comfortable floating along on a cloud of cheap debt. Unfortunately, most economists agree that the […]

Most Canadians dream about buying and owning their first home. A significant rite of passage, buying a home is not only a big financial deal, it’s a big life deal.   Most people assume it’s better to buy a home than to rent, and to be honest, I have a bias toward home ownership, too. […]

How Much Does The Mortgage Rate Matter?  Often times, borrowers are   fixated on their mortgage rate because it’s the one aspect of their home   financing they know to ask about. But, it’s important to look beyond mere   rates into the bigger picture surrounding what’s significant when it comes to   your specific mortgage […]

News Release: February 4, 2013 HOME SALES SLOW TO NEAR HISTORIC LEVELS IN FRASER VALLEY AS BUYERS WATCH AND WAIT FROM SIDELINES (Surrey, BC) – A total of 617 sales were processed through the Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) in January, a decrease of 23 per cent compared to 799 sales […]

BCREA revises Fraser Valley’s 2013 forecast On January 30, BCREA’s senior economist Cameron Muir released the first quarter housing market forecast for BC including breakdowns for Fraser Valley and Greater Vancouver. The 2013 predictions for Fraser Valley have changed since last fall, becoming more conservative. Muir still expects home sales to increase in 2013 compared […]