Insured mortgages are running at record highs across Canada, meaning that banks are still actively lending and approving residential real estate mortgages. These risk free loans backed by CMHC and the Federal Government are a way to continue to bolster our failing economy and keep Canadians borrowing and spending money.
The exit of the CMBPP leaves long term collateral damages like double digit price growth and widens the wealth inequality gap between renters and asset holders even further. The BOC had a primary directive to stabilize the economy with the Bond Purchasing Program and stated the widening wealth gap is a by-product of this best policy approach.
The competition is getting tough in several regions including 100 Mile House, Williams Lake, Prince George, Fort St. John, Smithers, Terrace, Kitimat, Prince Rupert, Fort Nelson, Mackenzie and Quesnel all saw incredible sales figures and record prices. Great demand and small supply continues to create multiple offers on medium to lower priced housing. Read More>
“Safety in Numbers” has been a long believed group protection theory that gave us comfort. This adage no longer applies to our post Covid existence. Large Groups or gatherings are now to be avoided, so how does one run a Covid compliant accommodation business that remains profitable? The Tourism & Hospitality Industry, which saw record […]
We have spent more time at home, in our houses, condos and apartments in the first five months of 2020 than any other time in history.” Simultaneously around the globe in March, humanity was sent home to stay home. Home has become a workplace, a classroom, a workout studio/gym, a revolving gourmet restaurant, a dance […]
Having pushed the restart button and emerged into the “New Normal, we discover that BC’s economic engine is but a shadow of its former self. Citizens and businesses must now face the long term consequences of the national measures taken to combat the Covid19 pandemic. No amount of government stimulus funding will make up for […]
Social distancing across the globe brings the already tech-savvy real estate market to the ultimate test. Real estate is an industry born from face to face contact and will always need a human touch. But as we are urged to distance ourselves socially the impact on face to face business has to change… quickly! The […]
“Truth is the property of no individual but is the treasure of all men.” Ralph Waldo Emerson. And the ugly truth, is that the continual rising benchmarks in private property prices are harming the balance of the real estate market across the province. The high prices are not prized by a very large segment of BC’s […]
Once a year, my daughter Linda and I travel to Europe as a part of our annual estate marketing strategy. This trip takes us to several European countries over two weeks, including; Germany, Holland, Switzerland, Austria and England. For decades, we have been doing this to network with buyers and sellers promoting properties from our […]
2020 residential real estate poised to be a “much more typical year” than recent activity, says B.C. Real Estate Association Joannah Connolly Glacier Media Real EstateJanuary 13, 2020 Following a slide in B.C. home sales that put total transactions in 2018 at 24.5 per cent lower than 2017, a flurry of activity in the second half […]