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Posted by: Adam Sale
Inflation is down to 2.85%, but CPI remains 158.3 Last month I sent an email showing why inflation had increased even though CPI number had decreased. And now today’s inflation report shows inflation decreasing, but the CPI number remains the same as last month, why is this happening? To explain this better, let’s do a quick recap on how to […]
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📣HUgE NeWS! Foreign buyer Ban extended until 2027!! 📣 I 💯 support this move and think this should be the law moving forward. Canadian real estate should be reserved for people who live, work and pay taxes in Canada. 💸 Will the extension to the foreign buyer-ban make much of a difference⁉️ Probably not. CMHC […]
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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 […]
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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 […]
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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 […]
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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 […]
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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: […]
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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 […]
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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 […]
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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 […]
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