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The Bank of Canada’s Rate Hold And The Impact on Home Buyers

Source: The Financial Post Source: CBC Source: Bank of Canada

Today’s Real Estate Market: Understanding Buyers’ Strategies

Metro Vancouver real estate market to stabilize in coming months, says economist

As Metro Vancouver moves out of a quieter summer season for the housing market, home prices are expected to stabilize in the next three months, according to the British Columbia Real Estate Association (BCREA). Brendon Ogmundson, BCREA’s chief economist, says home prices peaked in February of this year and have since come down by around 10 per […]

Wood Frame Low-Rise Condos Are First-Time Homebuyers’ Best Bets

Affordability Outside of the City Core However, the catch is a low-rise condo outside of Vancouver is where the prices become affordable for most first-time homebuyers, and Squires advises looking in Langley, Surrey and Abbotsford. In a rising interest rate environment, first-time homebuyers need to be cognizant of losing purchasing power as the B-20 mortgage […]