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The Return of the First-Time Homebuyers: A Look into Canada’s Real Estate Landscape

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 […]

Congratulations to All the Finalists of the 2023 Georgie Awards

To be named a finalist for this coveted award is a great achievement,” said Neil Moody, CEO of the Canadian Home Builders’ Association of British Columbia. “This has been a year of change in residential construction with the pressures of a higher interest rate environment. It’s important for us to gather together to celebrate our […]

Ministry of Housing Announces Changes to Protect BC Strata Owners, Reduce Insurance Costs

On Tuesday, the province announced new rules for developers and strata corporations to help protect owners from higher insurance costs due to neglected maintenance. The province has increased the minimum amount that developers and strata corporations must contribute to contingency reserve funds (CRF)  Currently, the minimum contribution is 5% of the strata’s annual operating expenses. […]

Opinion: Commercial real estate more ‘balanced’ in 2023

In a reflection of higher interest rates, Metro Vancouver prices are expected to come down next year as buyers and sellers adjust, expert suggests. The big story that closed out 2022 was rising interest rates and the impact of those rates on the commercial real estate sector, particularly as it relates to investment. By the […]

How is the BC housing market faring as year-end approaches?

A total of 4,512 home sales took place across British Columbia in November, representing a significant decrease of 50.8% on an annual basis, according to the province’s top housing industry group. The British Columbia Real Estate Association (BCREA) added that the November activity level was approximately 30% below the historical average for that month. Sustained upward […]

Buying? Selling? 2023 Metro Vancouver real estate forecast released

If you’re looking to get into the housing market, it seems this coming year might not be the one, as one real estate company expects Vancouver to remain the most expensive city in the country in 2023. Royal LePage says the Greater Vancouver region will see a dip in home prices of about one per […]

B.C. Spring Real Estate Market Trend Report

Looking to buy a home this spring? Here’s what you need to know As B.C.’s real estate market continues to be driven by the record pace of sales in 2021, we are now entering the typically active spring market. Although the market has steadied from last year’s heightened activity, demand remains strong as pandemic influences […]

Shifting demographics and master-planned communities

As the requirements of homebuyers continue to evolve, there is an opportunity with master-planned communities to meet these needs, which will draw attention from homebuyers and investors alike. Will we ever again work, shop or socialize like we did before the pandemic? It’s hard to predict the future when it comes to our new habits, […]

August 2021 – Fraser Valley Real Estate Market Snapshot

To date 2021 has been a hot seller’s market overall and surprisingly the month of August was one of the busiest on record.  August is typically a slower month for real estate sales all around and sales are usually comparative to December, this is due to people being away on vacation (or staycation given our […]