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Category Archives: BC Market News
Positioning for profit and peace of mind.
Canadians are in the midst of re-positioning themselves, literally moving to change their location for safety and the security of a better financial position.
A test of resilience for long-standing BC markets
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.
Is there still a middle class in our electric future?
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.
Supply, Demand and Debt – You Can’t Print Gold!
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>
Transformative Lifestyle Choices Spur 2020 Land Rush.
British Columbians have been living with uncertainty for over 2 years, and even when the threat of viral infection becomes a secondary consideration, fundamentally what we have lived through has changed us.
Recreating the “Guest Experience”
“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 […]
YOUR HOUSE HAS BECOME MORE THAN JUST HOME BASE
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 […]
Home Sales Vital To Economic Recovery
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 […]
Rural Land Inquiries stimulate market movement amid lockdown.
It makes sense that city dwellers and even suburbanites are itching to flee urban areas!
Face to face is now FaceTime, as tech savvy market adapted to forge forward.
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 […]
The affordability crisis within the BC land market.
“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 […]