April 9th, 2020
Interest-rate drops usually fuel housing sales, but this time they will be more than offset by the “unprecedented paralysis of economic and social activity” during the COVID-19 pandemic, causing BC … [read more]
April 9th, 2020
The impact of the coronavirus outbreak on the housing market of British Columbia remains uncertain, but analysis of possible scenarios paints a need for a lower qualifying rate for home … [read more]
Comments Off on The Impact of COVID-19 Outbreak on Economy & House Prices in BC
April 8th, 2020
As a realtor, you know and understand the excitement that homeowners experience when selling their homes. For lots of people, whether it’s a single or multi-family home, selling their home … [read more]
Comments Off on Common Frustrations for Homesellers
April 8th, 2020
Homebuyers were coming in hot in February across many of Canada’s major markets. Toronto and Vancouver appeared to be set up for particularly strong spring seasons, with the former ramping … [read more]
Comments Off on Historically Low Mortgage Rates to Support Housing Recovery
April 8th, 2020
February ushered in another month of extremely strong annual sales and price growth for the Canadian housing market, as the supply of homes improved in some major cities. Home transactions … [read more]
Comments Off on CREA National Home Sales Surge 27%
April 7th, 2020
Being denied a mortgage loan can seem to shatter your dreams of home ownership. But arming yourself with knowledge before sitting down with a lender can improve your chances of … [read more]
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April 7th, 2020
The investor demand for multi-family homes in Metro Vancouver appears to have surged after the recent lending-rate cuts, according to Western Investor. The sudden interest in apartment buildings came amid … [read more]
Comments Off on Demand for Multi-Family Apartment Buildings Surged After The Recent Rate-Cuts
April 7th, 2020
Home Resale Market was Gaining Momentum Prior to Covid-19 At the national level, resale home prices were gaining momentum in February. The 0.4% monthly gain in the Composite index was … [read more]
Comments Off on Resale Market was Gaining Momentum Prior to Covid-19 & Teranet–National Bank HPI Updates
April 6th, 2020
Although blind luck can sometimes play a part in helping a home sell quickly, most of the time it is the result of hard work and a well-developed plan. Since … [read more]
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April 6th, 2020
The spring market in Canada’s major housing pockets would likely be dampened by the coronavirus outbreak, according to market watchers. The potential lockdowns in some cities across the country and … [read more]
Comments Off on It will Take A While Before Property Buyers & Sellers Adjust to COVID-19 Situation
April 6th, 2020
The latest BCREA Market Intelligence Report: Sketching Out the Potential Impact of COVID-19 on the BC Housing Market explores the potential impacts of COVID-19 on BC home sales and prices … [read more]
Comments Off on BCREA Market Intelligence Report March 2020
April 6th, 2020
It may look like Metro Vancouver’s March home sales have beaten the COVID-19 pandemic, with a 46.1% increase year over year and a 17.4% jump from February to 2,542 sales, … [read more]
Comments Off on Metro Vancouver Rush of Spring-Market Transactions was from Pre-COVID-19 Pandemic
April 5th, 2020
It continues to be a great time for landlords. Monthly rents have been increasing for years, vacancies remain at historic lows, and a really big benefit for landlords is that … [read more]
Comments Off on Today’s Landlords : The Right Time to Fine-Tune & Improve The Processes
April 5th, 2020
Digital transformation has permanently shifted how consumers make purchasing decisions and interact with the business world at large. In order to adapt to those changes and stay relevant to their … [read more]
Comments Off on Modern Agents • Homebuyers Technology
April 5th, 2020
You have listed your home for sale and are hoping for a buyer that will fall in love with it and give you the best price for it, maybe even … [read more]
Comments Off on What to Do When an Investor Wants to Buy Your Property?
April 4th, 2020
As a homeowner, you have to maintain, renovate or remodel your property at some point in time. If you’re a real estate investor or landlord, it is absolutely critical to … [read more]
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April 4th, 2020
What is equity? You’ll often hear the term equity when it comes to homeownership, but you may not even know what that means even if you already own a home. … [read more]
Comments Off on Understanding The Home Equity • Pros & Cons of Home Equity Loans
April 4th, 2020
The Bank of Canada (BoC) has announced an emergency rate cut to its trend-setting Overnight Lending Rate, as the Canadian government moves to reduce the economic repercussions of the COVID-19 … [read more]
Comments Off on Why is The Bank of Canada Makes Emergency Rate Cut • Stress Test Changes Delayed?
April 3rd, 2020
Investing in and buying a new home is a major milestone in most people’s lives. When you make the decision to move forward with purchasing a home as your family … [read more]
Comments Off on Find A Realtor That’s Right for You & Your Family
April 3rd, 2020
Owning a home is a big step toward securing yourself financially for the future. With each mortgage payment, you are building equity. But with the cost of living going up … [read more]
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April 3rd, 2020
A dramatic 0.5% reduction in the Bank of Canada overnight lending rate on March 13 – the second such cut in 9 days – in response to the virus pandemic … [read more]
Comments Off on Emergency BOC Rate Cut will Add Fuel to Housing Sales
April 3rd, 2020
SURREY, BC – The most up to date Multiple Listing Service® (MLS®) data from the Fraser Valley Real Estate Board (FVREB) indicates COVID-19 has put the market on pause, as … [read more]
Comments Off on Preliminary Impact of COVID-19 on Fraser Valley Housing Market
Comments Off on BCREA Any Homebuyer Stimulus Due to Lower Interest Rates will be Offset by Economic Paralysis