As we approach the dawn of 2024, the real estate market is undergoing a significant shift, prompting both buyers and sellers to reassess their strategies. In this blog post, we’ll delve into the current market dynamics and explore what to expect in the coming year, offering insights for navigating the evolving 2024 real estate market.
Continue reading →Realtor
Bank of Canada Rate – Overnight Rate Holds at 5%
In a pivotal decision, the Bank of Canada maintains its overnight rate at 5%, emphasizing a commitment to quantitative tightening. As economic indicators fluctuate globally, the impact resonates within Canada’s borders.
Continue reading →
Vancouver Real Estate Market Update – October 2023
In this Vancouver real estate market update for October 2023, we explore the impact of increasing property listings and analyze what this means for homeowners, homebuyers, and sellers in the area.
Continue reading →Protect Yourself at Renewal
It’s a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that the lender is somehow obligated to renew your mortgage. The truth is, a lender is never under any obligation to renew your mortgage
Continue reading →3 QUESTIONS TO ASK YOURSELF BEFORE LISTING YOUR HOME!
Deciding to list your home for sale is a big decision. And while there are many reasons you might want/need to sell, here are 3 questions you should ask yourself and have answers to before you take that step.
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT MAR 10TH, 2021
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented
Continue reading →ARE MORTGAGE RATES REALLY GOING UP?
With all the economic uncertainty caused by a global pandemic, unprecedented unemployment levels, and government stimulus, mortgage rates have been on a steady decline for almost a year. In fact, we’ve hit some historic lows along the way.
Continue reading →5 THINGS YOU NEED TO KNOW BEFORE YOU CO-SIGN A MORTGAGE!
So you’re thinking about co-signing for a mortgage? Okay, do you really know what that means do you know what you are getting yourself into? Co-signing isn’t necessarily a bad thing, but there is certainly a lot of misinformation floating around on the subject. Although its nice to be in a position to help someone close to you qualify for a mortgage, It’s not a decision that should be made lightly. Co-signing on a mortgage could have a significant impact on your future.
Continue reading →5 Canadian real estate market trends to watch in 2021
2020 was unique for the Canadian real estate market. The pandemic slowed the market for a brief period at the start of the spring market and then things really picked up. We continue to see rising prices and a brisk market. Can we expect to see this continue going forward?
Continue reading →February Market Update
“With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace,” Colette Gerber, REBGV Chair said. “This is causing increased competition amongst home buyers and upward pressure on prices.”
Continue reading →