Today's Bank of Canada rate announcement (January 24th, 2024) brought no surprises as the policy interest rate remains at 5%. This marks the fourth consecutive pause by the bank, reflecting a cautious approach amidst ongoing economic uncertaint...
Mortgage Rates Are Dropping
Mortgage Rates Are Dropping, this has been a regular market cycle through the lower mainland in past years. This change presents challenges and opportunities for buyers and sellers in the South Surrey real estate ma...
Luxury Tax Exemption: Langley Farmers
Introduction:
For Luxury Tax Exemption: Langley Farmers purchasing vehicles whether hauling produce or transporting livestock, farmers rely heavily on vehicles to get the job done. The good news: when...
Eight new station names announced for Surrey Langley SkyTrain.
This development brings us closer to the realization of this transformative transit expansion in Metro Vancouver. The newly unveiled station names are:
Green Timbers Stati...
Introducing Two Grandview Corners Listings: Your Perfect South Surrey Homes
Are you in search of the ideal South Surrey home? Look no further! We're thrilled to present two new listings in the Grandview Corners, both listed by Jared Gibbons,...
Introduction:
The relationship between mortgage rates and home prices has been a topic of recent discussion. While it may seem logical that rising mortgage rates would lead to a decrease in home prices, this is not always the case. This articl...
The Bank of Canada's recent interest rate hike, the seventh this year, is set to impact mortgage payments across the country. With the prime rate increasing, homeowners can expect higher variable mortgage rates. This blog breaks down ...
The Bank of Canada (BoC) recently increased the overnight rate to 4.75%, signaling a shift after a temporary pause. This decision, influenced by a strong housing market, aims to balance supply and demand and maintain sustainable inflation. Howe...
Interest Rate Pause
The Bank of Canada keeps the interest rate steady at 4.5%, pausing eight rate hikes between March 2022 and February 2023. This move aligns with the bank's strategy to assess the impact of previous hikes on the econo...