BIG CHANGES to the BC Real Estate Landscape!
Posted on Jun 26, 2024
BC real estate is on the brink of a major transformation. In just four days, local municipalities will adjust their bylaws to align with BC’s small-scale, multi-unit housing program, known as Bill 44. Whether you're a homeowner, potential buyer, or investor, these changes are essential to understand. Here's a breakdown of the three big changes you...
Bank of Canada Eyes Interest Rate Cuts?
Posted on May 10, 2024
Introduction
In a recent update that could signal relief for many, the Governor of the Bank of Canada, Tiff Macklem, has hinted at the possibility of reducing interest rates in the near future. This news comes as inflation, a critical indicator affecting monetary policy decisions, appears to be declining steadily. During his presentation to the Hous...
April 2024 Mid Month Market Update
Posted on Apr 17, 2024
Introduction
The real estate markets in Surrey, Cloverdale, and Langley are buzzing this spring! With a notable influx of listings and stable sales, the timing for buyers to enter the market has never been better. Whether you're looking to make your first home purchase, invest, or even upsize, the current landscape offers compelling reasons to make...
Bank of Canada April 10th Rate Announcement: Impact on Real Estate Market
Posted on Apr 11, 2024
Unpacking the Bank of Canada's Rate Announcement
On April 10th, the Bank of Canada made a move—or rather, chose not to make one—by holding its key interest rate at five percent for the sixth consecutive time since July. This decision echoes the Bank's cautious optimism, emphasizing its vigilant wait-and-see approach towards ensuring that the recent...
March 2024 Fraser Valley Real Estate Market Update
Posted on Apr 03, 2024
Introduction
March was a month of contrasts in the Surrey, Cloverdale, and Langley real estate markets — not too hot, not too cold, but definitely stirring. In this blog post, we'll delve into the nuances of the housing market's performance in these areas during March 2024. Was it a buyer's market, a seller's paradise, or somewhere in between? Let’s...
March Mid-Month Real Estate Boom in Surrey, Cloverdale, and Langley
Posted on Mar 16, 2024
As winter's chill gives way to the warmth of spring, the real estate market in Surrey, Cloverdale, and Langley is mirroring this transition with a significant uptick in activity. This mid-month update sheds light on an intriguing trend: a surge in new listings across these areas, surpassing the 10-year average. Let's delve into what this means for...