Real Estate

Mortgage rates will remain at historic lows until 2022: BMO

Posted on May 15, 2020 in Real Estate

With anxiety mounting throughout March as the economic impacts of the COVID-19 pandemic intensified, Canada’s central bank took swift action to slash interest rates at several points during the month.

The Bank of Canada announced a cut, the cut would focus on the overnight rate, the overnight rate is what influences mortgage rates, and it has reache...

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Recreational Docks in The Port of Vancouver

Posted on May 04, 2020 in Real Estate

Recreational docks in the Port of Vancouver,

For any citizen of the north shore, you will definitely be seeing recreational docks, especially if you live in a waterfront community. Many of those docks are along the hundreds of kilometers of shoreline with the federally-controlled Port of Vancouver. Therefore all of these docks require the approval o...

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12515 Alliance Drive, Custom Built Family Home, Steveston South, Richmond BC

Posted on Mar 25, 2020 in Real Estate

Location, location, location! Desirable Steveston South Area. A custom and spacious well-built home. With a total of 6 bedrooms (5 Bedrooms + 1 Den with closet) Delightful short walk to Steveston Community Centre and Steveston Village. Homma Elementary School is located just around the block, and McMath secondary is nearby. This perfect family home...

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Toronto, Ontario and Vancouver real estate boards urge suspension of open houses due to coronavirus outbreak

Posted on Mar 25, 2020 in Real Estate

The Toronto Regional and Ontario real estate boards have urged realtors to stop holding open houses because of the COVID-19 pandemic, following a similar move by the Greater Vancouver Area board last week.

The real estate boards of Toronto and Ontario had first brought the idea to existence on Saturday, said Monday that while the decision to hold op...

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COVID-19 could derail recovery of real-estate market in Vancouver and beyond

Posted on Mar 19, 2020 in Real Estate

The housing market could be in for a rough ride because of the COVID-19 pandemic.

That’s according to Brendon Ogmundson, chief economist with the B.C. Real Estate Association.

According to Ogmudson, the real estate market will highly depend on what will happen with the economy in Canada, with the affects from COVID-19 affecting it negatively.

“What we...

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Value of B.C. home sales in February jumps 41% year over year

Posted on Mar 14, 2020 in Real Estate

Above is a chart of sales and prices in regions of Canada.

British Columbia had an average home sale price in February which was 12 per cent higher year-over-year. On sales that were up 26.3 per cent.

B.C. as you already know had major difficulties with its real estate market. However it has been recovering recently and continued to do so in the mont...

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