Each Office Independently Owned & Operated
Posted by: Adam Sale
It’s no shocker, rental prices in Canada are Insane! Recent data shows national rental prices increased by 8.6% this year , and many are left wondering if things will get better in the future. Unfortunately, data suggests higher housing costs in the years to come.. Here are 5 Terrifying Facts Renters are Facing Canada’s Population […]
Read MorePosted by: Adam Sale
How Vancouver’s Housing Market Defies Recessions You might think that a recession would automatically lead to a drop in housing prices, especially in a city like Vancouver where the cost of living is notoriously high. But you would be wrong. In fact, Vancouver’s housing market has shown remarkable resilience and even growth in the face […]
Read MorePosted by: Adam Sale
Bank of Canada held rates at 5% – Prime Rate remains at 7.20%. Inflation continues to decrease, and we should be within the Bank’s 2% inflation target range in a couple months. The higher rates are having a negative impact on the economy and cracks are beginning to form: Third quarter GDP numbers show the economy […]
Read MorePosted by: Adam Sale
This is HANDS-DOWN the best Market Report I’ve seen! Clearly explaining: The differences between a Buyers/Balanced/Sellers Market. Current Market Trend Current Pricing and Opportunities Key Take-aways: – The Vancouver market is in a similar position to where we were in November/December last year – this is earlier than I expected! – The Sales-to-Active listings ratio […]
Read MorePosted by: Adam Sale
Interest Rates: Bank Of Canada Unchanged As I’m sure you’ve heard, the Bank of Canada recently held its latest interest rate meeting, and I’m pleased to inform you that they have decided to keep interest rates steady at 5%. The Bank is keeping a watchful eye on the following key pieces of data: Unemployment Report: […]
Read MorePosted by: Adam Sale
Pre-approved Mortgage Before Interest Rates Increase Are you aware of the current trend in rising interest rates among lenders? It’s a direct response to the anticipated rate hike by the Bank of Canada scheduled for September 6th. As the real estate market transitions into the fall season, there’s an expectation of a slowdown. This slowdown […]
Read MorePosted by: Adam Sale
It appears the Vancouver real-estate market is setting up for a slow-down this fall as interest rates continue climbing, causing people to qualify for less and scaring many buyers away from the market. A couple key reports to keep an eye on to confirm if we are heading for a slowdown are: Unemployment Report: August […]
Read MorePosted by: Adam Sale
Great news!! The Consumer Price Index report (inflation report) was released today and shows inflation slowing to 2.8%. Over the last 6-months (January to June) the CPI index has only ticked upwards by 3.3 points as opposed to 2022 January to June’s CPI index increase of 7.6%. This is an excellent sign, but we’re not […]
Read MorePosted by: Adam Sale
When do you need to purchase Mortgage Default Insurance? Mortgage Default Insurance is added to a mortgage when a borrower is purchasing a property with a down-payment less than 20% or when a property is higher risk to the lender, such as a micro-suite, rural location or mobile home. Mortgage default insurance is designed to […]
Read MorePosted by: Adam Sale
Did you know that you may be able to add a Home Equity Line of Credit (HELOC) to your insured or insurable mortgage without having to refinance your entire mortgage? This is a unique and little-known product that could help you save thousands of dollars in interest payments over the life of your mortgage. Most […]
Read More