Posts Tagged ‘Interest Rates’
Essential Insights from the Fall 2023 Mortgage Industry Report for Fraser Valley Homebuyers and Sellers
Hello Fraser Valley Community! As your go-to realtor in the Fraser Valley, I'm here to brief you on the latest trends from the "Residential Mortgage Industry Report – Fall 2023" and what they mean for you. Key Points: Market Shift: Th...
Navigating the Langley Housing Slowdown: November Insights
Dip in Home Sales and Prices In November, Langley's real estate market faced a slowdown, marked by a decrease in home sales and a slight dip in prices. The ongoing impact of higher interest rates throughout the year contributed to a subdued ma...
Navigating 2024: Bank of Canada’s Outlook on Economy and Inflation
In his recent year-end speech, Bank of Canada governor Tiff Macklem shared his outlook on what lies ahead for Canada's economy in 2024. Let's break down the key points in simple terms. Transition Year Ahead Macklem anticipates that 2024 will ...
Housing Affordability in Canada’s Cities: A Challenging Landscape
If you've been keeping an eye on the housing market in Canada, you're probably aware that affordability has been a hot topic for quite some time. In the second quarter of this year, there was a small glimmer of hope as RBC's affordability measu...
Job Market: British Columbia Adds 12,000 New Jobs, Real Estate Faces Challenges
B.C.'s Job Boost In August, British Columbia (B.C.) played a big part in Canada's job market by adding 12,000 new jobs, as per Statistics Canada. This helped Canada gain 40,000 jobs in total. Leading Alberta Alberta led the way with 18,000 n...
Fraser Valley Real Estate: August 2023 Recap
A Market Breather In August 2023, the Fraser Valley real estate market trends took a breather due to a mix of seasonal trends and the anticipation of rate changes. Let's simplify the numbers and explore what this means for buyers and sellers. ...
Kelowna house prices dip below $1 million mark
The benchmark price for single-family homes in Kelowna has dipped below $1 million, marking a significant 13.3% drop since April 2022. The Association of Interior Realtors (AIR) reported a 3.5% monthly decrease, bringing the benchmark...
Investors Pause Amid Challenges: Strata Commercial Projects
Investors in Metro Vancouver's strata industrial projects, akin to residential condos for businesses, encounter a slowdown. Rising interest rates pose challenges, reshaping perspectives on these projects. From Appreciation to Inv...