October 2024

2024 | Bank of Canada Interest Rate Announcement Dates | Matt Gul & Selin Gul

Posted on Oct 23, 2024



October 23rd, 2024

Prime drops .50!

The Bank of Canada (BoC) has made a significant move today by reducing its overnight interest rate by 50 basis points, bringing it down to 3.75%. This is the largest rate cut we've seen since the early pandemic days and marks the fourth consecutive reduction this year. This lowers the prime lending rate to 5.95%. T...

Read More

First-Time Buyers Anticipated to Return to Vancouver's Condo Market This Spring

Posted on Oct 22, 2024



A new report from RE/MAX reveals that softer market conditions have dominated the Greater Vancouver and Fraser Valley condo markets throughout much of 2024. Condominium apartment sales have declined across the board, with year-to-date sales in Greater Vancouver from January to August totaling 9,248—a drop of just over eight percent compared to the...

Read More

The Canadian Real Estate Association (CREA) predicts a 6.6% rise in national home sales in 2025.

Posted on Oct 22, 2024



The outlook for interest rate cuts has shifted significantly since the Canadian Real Estate Association (CREA) released its summer forecast for home sales and average prices through Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations for 2024 and 2025.

Now, markets anticipate the Bank of Canada will return to a...

Read More

Purchase at Marine + Boundary | Matt Gul Group

Posted on Oct 17, 2024


8700 & 8790 Boundary Road, Burnaby
BURNABY’S NEWEST INDUSTRIAL STRATA DEVELOPMENT

Marine + Boundary is South Burnaby’s latest state-of-the-art industrial strata complex, developed by Cedar Coast and built by Orion Construction. Strategically designed and located, the development boasts two buildings totalling 111,047 sf. Featuring small-bay industria...

Read More