December 13th, 2022
The Bank of Canada (BoC) has raised its overnight lending rate again, this time by 50 basis points. This announcement marks its seventh and final interest rate increase of 2022. … [read more]
December 13th, 2022
The BCREA Commercial Leading Indicator (CLI) fell to 149 from 153 in the third quarter of 2022 while the six-month moving average retreated from a record high. Compared to the … [read more]
Comments Off on BC Commercial Index Down by 0.8% Y/Y
December 12th, 2022
Deciding that you want to buy a house is an exciting time in anyone’s life. But now you’re left with the not-so-exciting process of figuring out how you’ll come up … [read more]
Comments Off on Be Mindful, Plan Ahead on Saving for A House
December 12th, 2022
Determining the value of your home is an important step when you’re planning to sell. Home prices have fluctuated in the last year so it’s possible you’re not quite sure … [read more]
Comments Off on Determining The Value of Properties When You’re Planning to Sell
December 12th, 2022
While the Canadian housing market appears to be entering the end-stages of its downturn, RBC predicts that rising interest rates and a loss of affordability will keep the national market … [read more]
Comments Off on Don’t Expect National Housing Market to Heat Back Up in 2023
December 10th, 2022
Renovating can increase the value of your home, but not all renovations will yield the desired results. While some renovation projects will increase your home’s value, others may actually lower … [read more]
Comments Off on Key Home Improvements That will Increase Home’s Value
December 7th, 2022
When it comes to selling your home for the best possible price, how you present the space matters. To make the best impression you can on potential buyers, you may … [read more]
Comments Off on Budget-Friendly Kitchen Updates That Help Selling Your Home
December 7th, 2022
The prices of housing in Canada are poised to drop quickly in 2023, but not by enough to become more affordable. The Bank of Canada intends to keep hiking interest … [read more]
Comments Off on The Possibility of Canadian Housing Market Crash in 2023
December 7th, 2022
Greater Vancouver is likely to experience balanced market conditions that are expected to persist until the second quarter of 2023, with the “move-up and move-over buyers” leading demand in the … [read more]
Comments Off on A Balanced Market Led by “Move-Up & Move-Over Buyer” into Emerging 2023 Housing Trends
December 6th, 2022
Vancouver, one of Canada’s top cities and one of the most picturesque cities in the world, is waiting for you in lovely British Columbia. This city will give your eyes … [read more]
Comments Off on Great Reasons to Move to Vancouver BC Canada
December 6th, 2022
For the first time in a year, Metro Vancouver’s office vacancy rate grew last quarter, with an increase of 30 basis points quarter-over-quarter to 6.6%, according to CBRE Canada’s third … [read more]
Comments Off on Numerous Large Blocks of Space & Subleases Result in Unsteady Office Vacancy Trends
December 6th, 2022
Since March, the Bank of Canada has raised interest rates six times, with the most recent hike in October. While rate increases were rumoured at the start of the year, … [read more]
Comments Off on How Home Prices Across Canada Have Changed Since The Peak?
December 5th, 2022
You’ve purchased your new home and are waiting for it to be built. During one of your meetings with the builder, you’re presented with the floor plan of your new … [read more]
Comments Off on Critical Elements of Knowing How to Read A Floor Plan
December 5th, 2022
To combat rising interest rates, especially if you are locked into a variable mortgage, some lenders allow you to prepay a set amount annually to decrease your principal owing. This … [read more]
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December 5th, 2022
SURREY, BC – With sales down almost 7% from October, and new listings off by more than 20%, the Fraser Valley housing market continues its slowing trend heading into the … [read more]
Comments Off on FVREB Sees 3rd Month of Declining Home Sales
December 3rd, 2022
The last paper is signed, the keys are in your hand, and you’re finally moving into your new home. Your head is probably filled with visions of fresh paint, furniture … [read more]
Comments Off on Affordable Ways to Maint Warm Care & Energy Costs This Winter
December 2nd, 2022
Moving to a new place is both joy and stress. It is always scary to forget something, lose something in the process, scratch furniture or break your favorite cup. Therefore, … [read more]
Comments Off on Organize A Move to A New Apartment
December 2nd, 2022
Whether you’ve found your dream home or you need to relocate quickly for a new job, being able to sell your home quickly can be a hassle–but it doesn’t have … [read more]
Comments Off on The Right Strategies & Steps for Positive Home Selling Experience
December 2nd, 2022
While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages. The Real Estate Board of Greater … [read more]
Comments Off on REBGV Home Sale & Listing Activity Continue Trending Low
December 1st, 2022
It’s a reality for many families that your parents will need financial assistance as they age. With the rise of the “sandwich generation”—baby boomers who are sandwiched between taking care … [read more]
Comments Off on Home Renovation Financial Incentives for Again Parents
December 1st, 2022
Buying or selling a house is not a minor undertaking. There are many complex nuances when you choose the right real estate agent as a buyer, and having a good … [read more]
Comments Off on Finding The Right Real Estate Agent
December 1st, 2022
National home sales edged higher in October from a month earlier, according to the Canadian Real Estate Association (CREA), suggesting the downturn that started this spring may be coming to … [read more]
Comments Off on Canadian Housing Sales Edged Higher M/M, Home Price was 9.9% Lower Y/Y
Comments Off on The Total Impact of Interest Rate Hikes in 2022