The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced today, as an ongoing trade war with the U.S. begins to strain the Canadian economy. How will this new cut affect our housing market? The hope is that by making borrowing cheaper, it will encourage […]
RE/MAX offices come in all shapes and sizes, dotting Canada’s big cities and small towns, from coast to coast. But did you know that each of those RE/MAX offices is locally owned and operated by proudly Canadian broker/owners, who all serve and support their local communities in many ways? When you consciously choose to buy […]
In 2024, the Bank of Canada cut interest rates, but it didn’t really help home buyers in the Fraser Valley. They faced the lowest sales in ten years! The Fraser Valley Real Estate Board logged a whopping 35,698 new listings but only managed to sell 14,570 homes. That’s a 1% drop from 2023 and a […]
On the heels of a surge in sales in October, home sales in the Fraser Valley slowed in November with the Fraser Valley Real Estate Board recording 1,136 sales, down 15 per cent from October, but 28 per cent above November 2023 sales — “a sign that overall activity is picking up in the Fraser […]
September FVREB stats out today show it’s still very much a buyer’s market in the Fraser Valley, with the average number of days to sell a single-family detached home at 35, while for a condo it was 37. Townhomes took, on average, 30 days to sell. Compared to August, benchmark prices in September are down […]
Nice to see the BC Real Estate and Canadian Mortgage Brokers Association speak out (and offer solutions) following the ridiculous recent BC Gov’t amendments to the Residential Tenancy Act, which make home ownership even more difficult than it already is for many potential buyers. Read more here: https://businessexaminer.ca/victoria-articles/item/organizations-call-on-government-to-amend-residential-tenancy-act/
Sales are down and inventory is up according to the latest market stats, leading to headlines like this: Fraser Valley real estate sales fall double digits despite Bank of Canada interest rate cut – Fraser Valley Today “Hesitant” buyers keep home sales slow in Metro Vancouver and the Fraser Valley – Daily Hive So, if […]
The BC Government’s new Short-Term Rental Accommodations Act is now in effect. As of May 1, 2024 short-term rentals are limited to a homeowner’s principal residence plus one secondary suite or accessory unit. FAQ can be found HERE
YIKES! Fraser Valley Real Estate Board says last month’s sales were the second lowest recorded for a March in a decade as buyers seem to still be waiting on the sidelines for rates to drop. BUYERS, DO NOT WAIT! You could end up paying more to outbid competitors (when everyone re-enters the market at once) […]
https://www.realtor.ca/real-estate/26641016/1403-3071-glen-drive-coquitlam Enjoy STUNNING Park/City/Mountain VIEWS from the 14th floor of the charming Parc Laurent. Lots of space in this 1017 square foot 2BR/2BA corner unit, which features updated flooring, counters and all s/s appliances. Views from both large bedrooms, kitchen, dining and living room with south-facing balcony. Building has exercise facility, games/party room, and workshop. […]