Will 2022 record number of housing starts continue?
Posted on Mar 23, 2023
There’s another cautiously optimistic report about the state of real estate in the Lower Mainland, this one from the Chartered Professional Accountants of British Columbia, one of the province’s largest professional organizations dedicated to being “on the front lines of business in B.C.” According to a CPABC reports, housing starts in Southwest B...
Foreign-buyer law perhaps a negative for hockey free agents
Posted on Mar 15, 2023
Another example of how real estate can affect hockey free agents surfaced this week. When the National Hockey League’s general managers met in Florida, one of the topics of conversation was the law regarding foreign buyers (of properties that is) which went into effect on January 1.
In brief, the new federal law forbids foreigners from buying homes...
No interest rate increase first good sign
Posted on Mar 08, 2023
The first indication of real estate market stability is now a fact. The Bank of Canada, as expected, did not raise the overnight interest rate, which the bank had been signalling ever since its eighth consecutive rate increase in January.. With the bank rate remaining at 4.5 per cent, it also means that mortgage rates will remain stable, the first...