Lower Mortgage Rates to Energize Spring Housing Market
Posted on Jan 04, 2024
As we look forward to the spring of 2024, there's good news on the horizon for the British Columbia housing market. After a period of slowing home-buying activity towards the end of 2023, it appears that the market is poised for a significant boost, thanks to anticipated changes in mortgage rates.
The Current Scenario
Towards the end of 2023, the rea...
A Look into November's Fraser Valley Real Estate Market
Posted on Dec 04, 2023
As we delve into the holiday season, the Fraser Valley real estate market is showing signs of a seasonal cool-down, with both buyers and sellers maintaining a holding pattern that has characterized the latter half of this year. The Fraser Valley Real Estate Board's latest report reveals key insights into the market dynamics for November.
Transaction...
Canadian CPI Update November 2023
Posted on Nov 21, 2023
1. Inflationary Adjustments:
Canada's Consumer Price Index (CPI) increased by 3.1% in the past year, exhibiting a marginal moderation from the preceding month.The primary contributor to this deceleration is the noteworthy 6.4% drop in gasoline prices for October, resulting in a 7.8% decrease compared to a year ago.
2. Food Price Dynamics:
Food prices...
Federal Changes For Short Term Rentals
Posted on Nov 20, 2023
🏠 What's Changing?
Property owners in areas with existing restrictions on short-term rentals will no longer be able to claim their rental expenses against the...
Fraser Valley October Market Update
Posted on Nov 02, 2023
In the dynamic realm of Surrey, BC, the real estate landscape experienced a notable evolution in October. As consumers cautiously approached home buying decisions amidst elevated interest rates, the Fraser Valley Real Estate Board recorded a significant shift. With 970 transactions on its Multiple Listing Service® (MLS®), marking a 12% decrease fro...
British Columbia's New Legislation Aims to Transform Housing Landscape
Posted on Nov 01, 2023
In response to the ongoing housing crisis, the British Columbia government is taking a bold step forward with legislation designed to stimulate the development of small-scale and multi-unit homes. This initiative seeks to address the challenges faced by residents in finding affordable housing in their communities.
Key Points of the Legislation:
1. Zo...
