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Friday, December 8th, 2023

Recent News

This is What a Housing Correction Looks Like

Written By  Neil Sharma PUBLISHED: 9:49 AM JUN 2, 2022 The Greater Toronto Area’s housing market is in the incipient stage of a price correction — one that, it could be argued, is long overdue... 

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Two-fifths of Canadians rue their debt loads

Close up woman doing finance at home office with calculate expenses. The proportion of Canadians who regret their current debt levels has reached its greatest level in recent history, according to the latest... 

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Luxury market designation timely in light of market conditions

Waterfront house with swimming pool at sunset A new course and education certificate for specialization in the luxury home market is timely in light of a Sotheby’s International Realty Canada report that... 

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Interest rate announcement left out an important word

Businessman calculator at the office Financial data analyzing hand writing and counting on calculator The Bank of Canada’s decision to increase interest rates to 1.75% Wednesday was not a surprise to many,... 

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Stewart’s vows for Vancouver may not be enough – observers

Silhouetted Businessmen discussing in the corridor of a modern office building Vancouver mayor-elect Kennedy Stewart has promised to build 85,000 new rental homes over the next decade, but Urban Development... 

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‘Lifestyle mortgages’ for savvy seniors

There exists a propensity to look at reverse mortgages as only necessary for indebted seniors, but they are also a great way for savvy, well-heeled seniors to buoy their investment portfolios. “The one... 

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Vancouver home sales figures for May released

Home sales across Metro Vancouver tumbled last month, when compared with May 2017 and the Real Estate Board of Greater Vancouver says that raises the potential of lower prices for some types of homes. The... 

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Detached sector continues to weigh on this region’s sales

Sales of detached homes in Calgary have declined to levels not since for a decade. Weakness in that property type continues to impact overall sales activity, which in May was down 19% year-over-year and... 

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Property tax hikes the best route for B.C. right now – economist

With Vancouver having the lowest property tax rates nationwide, it’s high time for the provincial government to impose higher real estate taxes to offset outsized price growth, according to a leading economist. In... 

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Pressure eases for Fraser Valley homebuyers

Homebuyers in the Fraser Valley region are able to shop for their dream home a little more comfortably as inventory rises. But the increased choice comes as sales continue to decline with Fraser Valley Real... 

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