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.
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 […]
The pandemic has left some questioning the ‘grand bargain’ of small condo life — but for others forced to ride transit and continue working in public, there’s no choice at all, and even the best laid urban plans will have to adapt. Stefan Labbé / Tri-City News MAY 18, 2020 04:47 PMShannon Johnstone returns home from a […]
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 […]
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 […]
Remember back to a time when you were imagining how you would run your own business and what kind of lifestyle you would enjoy as a result of your imagined efforts. Before you registered your business name or incorporated, and before you knew what you know now about being an independent business owner. Was there […]
Property buyers spend allot of their time asking many questions to determine if a property they like is the right choice for them. Buyers must perform some level of due diligence with every property that they are seriously considering. A buyer must examine every aspect of a home and property to confirm that your listing […]
Planning a spring listing for your home or property? If your goal is to sell your home, you may be surprised to learn that there are many positives when potential purchasers are viewing your home during the winter months. The short lull in interested buyers around the December holidays turns into a mid January movement of […]
British Columbia has both an ever increasing population and a prevalent lack of saleable, privately owned land. BC’s population growth outpaced five other provinces and increased by 5.6 per cent over four years from 2011-2016. The provinces 4,648,055 citizen count has shown steady growth with an increase of between 5%-7% every 5 years since 2001. All those […]
B.C. tax on vacant homes raised $88 million in 2019 but did little to reduce home prices or improve rental affordability, housing experts say Andrew Duffy Times Colonist and WI Staff Western InvestorJanuary 12, 2021 While popular – and profitable for the provincial government – B.C.’s two-year old speculation tax and vacancy tax has not met its […]
December home sales in Chilliwack reach 16-year high With low supply and high demand, prices continued to increase across the Upper Fraser Valley ERIC WELSH Jan. 5, 2021 3:30 p.m. LOCAL NEWS NEWS December 2020 was a record month for Chilliwack real estate. According to the Chilliwack and District Real Estate Board (CADREB), 279 sales […]
Housing sales in northern B.C. hit the second-highest level on record in the third quarter, but data also reveals reasons for concern By Frank O’Brien Western InvestorOctober 9, 2020 Residential sales across northern B.C. reached near all-time records in the third quarter but concerns are rising about market sustainability if the COVID-19 pandemic persists. “The third […]
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>
August sales were up 56 per cent in the Fraser Valley and 63 per cent in Chilliwack as price increases hit double-digits WI Staff Western InvestorSeptember 14, 2020 The Fraser Valley, including Chilliwack, posted impressive sales increases in August as total home sales across B.C. soared from the same month a year earlier. B.C. home sales […]