Updates

Real Estate Recap APRIL 9, 2020 Canada’s fight against the Coronavirus has received widespread praise among other countries, giving the country a positive outlook on the Canadian economy re-opening. It’s easy to get lost in negative news, job losses, and mortgage delinquencies, but there are definite glimmers of hope and opportunities in the chaos. Here…

Real Estate Recap March 2020 If March could be summarized in one word it would definitely be turbulent. The month started off with a real estate market that was quickly heating up, tracking at 55% higher sales than the year prior. That all came to a near standstill with the spread of COVID-19. The Federal…

Emergency Interest Rate Cut By Bank of Canada  in a surprise move, the Bank of Canada cuts rates again See full statement below: “The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent. The Bank Rate is correspondingly 1 percent and the deposit rate is ½…

INTEREST RATE CUT BY BANK OF CANADA  The key interest rate has been cut for the first time in four years. Bank of Canada reduces the interest rate to 1.25% due to the threat posed by the coronavirus. “Before the outbreak, the global economy was showing signs of stabilizing,” the Bank of Canada had said…

PROJECTED DEVELOPMENT COSTS FOR 2020 Interested in Development Land Updates? Get news articles, advice, and market activity straight to your inbox. SIGN ME UP Expand Email Address * First Name * Last Name I am a… (select all that apply) Developer/Builder/Investor Property Owner Realtor Building a budget for your upcoming real estate project Understanding the…

Canadian Home Sales Lower in Decmber National home sales decline by 0.9% in December December’s home sale decline has broken an eight-month streak of gains. While home sales may have declined from November to December, sales activity was 22.7% above December 2018. This is just 7% below the market’s 2016-2017 peak. There have been higher…

INTEREST RATES HOLD STEADY INTO 2020 Interest Rates HOLD at 1.75% The Bank of Canada will be one of the only central banks ending 2019 without cutting interest rates. Recent data shows that the third quarter of the Canadian economy was stronger than expected, Governor Stephen Poloz has left the interest rate at 1.75 per…

REAL ESTATE RECAP October 2019: the market is rebounding Exciting news for the Canadian housing market as the numbers reported by the Canadian Real Estate Association (CREA) for October 2019 showed the largest increase for the month in over a decade. Canadian Real Estate Sales Rise Over 12% The 12-month growth is the highest for…

REAL ESTATE RECAP AUGUST 2019 FRASER VALLEY REAL ESTATE BOARD RELEASE – aUGUST 2019 Fraser Valley housing market continues to stabilize as sales pick up compared to last year SURREY, BC – For the second month in a row, home sales in the Fraser Valley surpassed 2018 levels bringing the market closer to historical norms.…