Rate hikes could cast long shadow as Bank of Canada approaches pause
Posted on Dec 28, 2022
The Bank of Canada's interest rate hikes are starting to impact the economy, with the housing market slumping and inflation remaining high. Even if the Bank of Canada stops raising interest rates in its subsequent decision in January, the rate-hike campaign of 2022 could continue to have an impact for months and years. This delayed reaction means t...
Ensure Your Home Is Winter Ready | Matt Gul
Posted on Dec 22, 2022
Vancouver is currently buried in snow, with more approaching over the holidays - arctic-like temperatures, icy conditions, and a whole lot of snow. The checklist provided below will help you protect your home from any potential damage the chilly temperatures and snow may bring.
The checklist below has been derived from InsuranceHotline
1. Have your f...
Many Canadian Housing Markets Now Considered ‘Balanced’ | Matt Gul
Posted on Dec 20, 2022
(4570 Woodgreen Court, West Vancouver - Contact Matt Gul at 778.888.8888 For More Information)
As buyer purchasing power lessens and demand continues to drop, roughly 70% of Canadian housing markets are now considered balanced.
"In its November housing market analysis, the Canadian Real Estate Association (CREA) found that markets continued to cool l...
The income needed to buy a house in major Canadian cities | Matt Gul
Posted on Nov 21, 2022
According to RateHub, a homebuyer would need less income now to qualify for an average-priced home in a major Canadian city when compared to how much it was costing in the summer.
The 10 cities analyzed in this report are: Vancouver, Victoria, Halifax, Edmonton, Hamilton, Toronto, Montreal, Ottawa, Winnipeg, and Calgary and compares Real Estate Data...
