Home Prices Poised to Stabilize Amid Higher Borrowing Costs

The Vancouver real estate market’s journey towards stabilization amid higher borrowing costs signifies a shift in the dynamics that have driven prices upward for years. While it’s challenging to predict exactly how the market will evolve, understanding the factors and staying informed can help buyers and sellers make informed decisions in this evolving landscape. Consulting […]

Bank of Canada Holds Interest Rate Steady Amid Inflation Concerns

Jamie Squires, Fifth Avenue Real Estate Marketing President, says, “The Bank of Canada’s decision to hold interest rates steady provides a sense of stability for home buyers in the short term, as mortgage rates are unlikely to see immediate increases. However, the broader challenges of housing affordability and the potential for future rate hikes should […]

Embracing Change: A Positive Perspective on the July 2023 Real Estate Trends in Metro Vancouver and Fraser Valley

Canadian Households and Housing Market Show Resilience in Response to Recent Interest Rate Hike

With files from Scott White

Mortgage Questions and Answers with Rebecca Awram

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Bank of Canada Pauses Interest Rate Hikes, Holds at 4.5%

“At its January decision, the Governing Council indicated that it expected to hold the policy interest rate at its current level, conditional on economic developments evolving broadly in line with the MPR outlook,” the bank said in its announcement. “Based on its assessment of recent data, Governing Council decided to maintain the policy rate at […]

What the Bank of Canada’s Rate Hike Means for Mortgage Holders

Canadians, who have watched the cost of a mortgage rising steadily over the past year, took another hit when the Bank of Canada hiked its interest rate to 4.5 percent on late last month. The hike is the eighth in less than a year and was accompanied by the central bank, which said the rate […]

First-time buyers should try to enter the housing market while they still can

Navigating today’s real estate market can be a daunting experience as home buyers are faced with a fast-paced, competitive and often frustrating market. On March 2, 2022, the Bank of Canada raised its benchmark interest rate to 0.5%, an increase of 0.25 percentage points, and a move that is expected to be the first of […]

Purchasing Presale in Today’s Market

Buying a new home can be scary, it can be a lot of work and there may not be a lot of things you know about the process. To help ease some of your fear, we have carefully curated a few insider tips on what to consider when purchasing your next home, and why you […]