Real Estate Market Changes
According to the Canadian Real Estate Association’s (CREA) newest statistics, August has seen a softening of sales for the 6th month in a row across the country. Although the MLS Home Price Index dipped down 1.6% since July 2022, it is still elevated 7.1% compared
Real Estate Sales Fall as Fixed Rates Stabilize
Real estate in the Fraser Valley has once again seen sales, and subsequently prices, fall for the fourth straight month. In the government’s effort to hamper inflation’s rapid growth and the harm it would bring to the real estate market they have continued to
Prime Rate Increases
The Bank of Canada raised its overnight lending rate yesterday by 1% in what looks like a big effort to try and get ahead of inflation. All of the major banks and lenders in turn followed by increasing their prime rates by 1% as well.
Where are Rates headed
There seems to be lots of uncertainty lately in regards to interest rates and we are getting a lot of questions on where things are headed. Here is a brief summary of both fixed and variable rates to help you make an educated decision based
April Housing Stats
The Fraser Valley Real Estate Board issues a monthly statistics paper that gives an overview and dissects real estate activity throughout the Lower Mainland. This includes a summary of MLS activity for the Fraser Valley area in addition to monthly and yearly correlations. A recent
Budget 2022 Housing Benefits
Finance Minister Chrystia Freeland released the new 2022 Federal Budget in early April. Highlighting the Budget were several proposed measures to ease the troubles of housing access - particularly for first time home buyers, affordability, and foreign ownership. Freeland’s Budget proposes the Tax-Free First Home
BC Assessment
Are you a homeowner in BC? If so, then you have received a BC Assessment in the mail. You are not alone if you have wondered what the process is for determining your homes’ value. BC Assessment is an “independent, provincial Crown corporation, governed
Fixed vs Variable Rates
The question most asked by clients in the last month has been do I go with a fixed rate or a variable rate for my new mortgage? Not only is this important to ask now in a changing interest rate environment but is a
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