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 […]

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 […]

There are signs Metro Vancouver’s red hot housing market is starting to cool off, with a record-breaking number of properties up for sale in the month of February. According to the Fraser Valley Housing Market stats, buyers had significantly more inventory to choose from last month compared to the months before. In fact, there was […]