Message for home owners thinking about listing
Posted on Feb 15, 2024
Admittedly, it’s early in the governments’ proposals and incentives — both provincially and federally — to improve the shortage of housing everywhere in the country. However, it’s off to a slow start, according to the latest seasonally adjusted statistics from the B.C. Real Estate Association.
In a just-released report for January, starts were down...
Interest rate to remain at five per cent
Posted on Jan 24, 2024
The Bank of Canada, as widely expected by financial experts, is holding the line on interest rates. The overnight rate will remain at five per cent, at least until the Bank's next scheduled announcement on March 6. In doing so, the Bank said that “global economic growth continues to slow, with inflation easing gradually across most economies.”
In Ca...
Buyers-to-be watching, awaiting 2024 stability
Posted on Jan 21, 2024
There are signs that 2024 is going to bring home buyers out of the woodwork in significant numbers…once they have a better handle on where home prices and interest rates are going to settle. In other words, stability in both categories could be the trigger for buyers.
That’s the headline coming from an online survey — called 2024 Homebuyer Intention...
Contractors anticipating busy year in 2024
Posted on Jan 14, 2024
Among the growing number of more promising outlooks for real estate this year is one from the Independent Contractors and Businesses Association. A story in Business In Vancouver reports that results of an annual survey showed that ICBA members anticipate that 2024 will be a better year than expected.
Seven of every eight contractors expect to be as...
Real estate news with the year nearing its end
Posted on Dec 20, 2023
Some late news to wrap up 2023...
Watch for ambitious plan called BC Builds
From Business in Vancouver: A housing program called BC Builds will be unveiled early in the New Year and is expected to be the “marquee piece of February provincial budget.” It’s an ambitious multi-billion-dollar construction plan to build affordable homes for middle-class b...
American interest rate news encouraging for Canada
Posted on Dec 13, 2023
The announcement from down south that the United States did not change its interest rate, for the third straight time, is at least encouraging news for its neighbours to the north. While rates in the two countries are not linked, they generally follow the same trends.
On top of that, America’s Federal Reserve has “set the table” for multiple cuts in...