High stakes for homeowners: fixed or variable mortgage?
Choosing between a fixed-rate or variable-rate mortgage has always been a difficult decision, and with interest rates at unprecedented levels, the stakes are even higher. Variable-rate mortgages have become less popular as Bank of Canada's rate hikes increased the cost
The Real Estate Market in Greater Vancouver Sees Increase in …
The Real Estate Board of Greater Vancouver (REBGV) reported that the housing market in Greater Vancouver is experiencing an increase in homeowner interest and new listings. The composite benchmark price for the area is $1.2 million, showing a 4.4% increase
GVA’s Most Affordable Neighbourhoods in Late-Q3
Abbotsford remains the most
As inventory increases, price gains relent in Metro Vancouver to begin the fall season
In September 2023, Metro Vancouver's housing market saw abated price gains due to a seasonal decline in sales and a modest increase in inventory levels, which was driven by a reluctance of homeowners to list their homes due to high
Suburban Shift in Canadian Commercial Market
Suburban Surge: Office vacancies
More Canadians Plan To Buy, Sell Homes In Next Year: Survey
Last month saw a flat performance in home sales in many major Canadian markets, and experts predict this trend to continue in the fall and winter markets. A survey conducted by Dye & Durham Corporation found that 10% of Canadians
Greater Vancouver home sales fall 26% below 10-year average
In September 2023, the Real Estate Board of Greater Vancouver reported that home sales had increased 13.2% compared to the same month in the previous year, but were still 26.3% below the 10-year seasonal average. The benchmark price for detached
Canada’s Housing Markets Show Signs of Balance
Canada's housing markets have
Metro Vancouver region facing potential wave of development fee increases
Metro Vancouver is proposing a significant increase in development cost charges (DCCs) on single-family homes and townhomes over the next three years. This increase would start in 2025 and would be an increase of 240% for single-family homes and 256%
Surrey and Burnaby put on hold for $143M home building fund
The federal Housing Accelerator Fund program was set to provide $138 million to Burnaby and Surrey for housing permits and affordable housing projects, however Federal Housing Minister Sean Fraser has put a stop to the funding for now, citing confusion