Mortgage Professionals Canada’s continuing effort to represent our industry to government was rewarded in recent weeks as each of the federal Liberal, Conservative, and NDP parties reached out to us to discuss their housing policies, and their now published election platforms related to housing and affordability.
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Election Housing Promises Destined to Fail Without Detailed Plans to Increase Supply
The British Columbia Real Estate Association (BCREA) is encouraged by the focus on housing affordability as a key priority in each of the major party’s platforms in the lead-up to September’s federal election. However, while parties pledge to build more homes and make purchasing easier, without detailed plans to quickly turn those promises into action that will increase supply, campaign promises will lead to municipal bottlenecks, failed policy and disappointed homebuyers.
Continue reading →Garage Organization
Are you ready to organize your garage? Often times your garage becomes the storage ground for just about everything. Keep reading to learn how you can make your space as functional and organized as possible!
Continue reading →BCREA: Record September for BC Housing Markets
“The provincial housing market had a record-setting September,” said BCREA Chief Economist Brendon Ogmundson. “Both total sales and average prices were the highest ever for the month of September as pent-up demand from the spring pushes into the fall.”
Continue reading →Why BC’s Housing Market Remains Strong Despite COVID-19
“Pandemic economics are proving to be very unusual. Many of the trends we are seeing are without precedent and significant uncertainty remains, but we are cautiously optimistic that this housing recovery will continue,” notes Ogmundson.
Continue reading →September Market Update
Sales were down in August compared to July, the average composite price was up. Buyers and sellers are comfortable with the new home buying and selling processes. The long weekend has historically meant for a delay to the second or third week of September for the real estate market. We do not see the market slowing down for fall.
Continue reading →BCREA: Surprisingly Strong Recovery to Propel Housing Market in 2021
“The outlook for the BC housing market is much brighter following a surprisingly strong recovery,” said Brendon Ogmundson, BCREA Chief Economist. “We expect home sales will sustain this momentum into 2021, aided by record-low mortgage rates and a recovering economy.”
Continue reading →Strong Recovery Continues for BC Housing Markets
“The strong recovery in sales activity continued in July,” said BCREA Chief Economist Brendon Ogmundson. “Increased demand for more living space combined with an undersupplied market is producing significant upward pressure on home prices, particularly in the market for single-family homes.”
Continue reading →July Market Update
“Home prices have remained steady with minimal fluctuation over the last few months,” Gerber said. “With increasing demand, REALTORS® have begun seeing multiple offers for homes priced competitively for today’s market.”
Continue reading →CMHC projects trajectories for Toronto, Vancouver, Montreal real estate in new summer outlook
We feel it is paramount to take any projections with a grain of salt. As previously stated, we do not support the CMHC’s projections for real estate.
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