New listings show modest rise from 2021
Posted on Jul 25, 2022
It’s still a small sample size but June listings were up in B.C., according to the Canadian Real Estate Association. A shortage of listings, more than anything, is considered to be the biggest factor in the current real estate climate.
The June-to-June comparison from 2021 to 2022 showed an increase of 5.5 per cent in new listings. New listings in J...
Interest rates just one reason for higher prices
Posted on Jul 13, 2022
After the Bank of Canada raised its key benchmark rate by a whopping one per cent this week, everybody’s favourite analyst was telling people what the impact is likely to be. As for the housing market, the impact of a bank rate that is now 2.5 per cent — following the largest increase in 24 years — will naturally be felt.
It’s correct to say that t...