Interest-rate change and its effect on real estate market
Posted on Sep 17, 2025
The Bank of Canada's anticipated cautious approach in lowering the interest rate by 25 basis points (0.25 per cent) could have a positive and possibly decisive effect on real estate. Firstly, it makes it possible for more buyers to enter the market by qualifying for a mortgage. Secondly, it could make variable-rate mortgages and mortgage renewals e...
Two countries, two interest-rate cuts anticipated
Posted on Sep 16, 2025
The latest interest-rate announcements from Canada and the United States has, as always, generated speculation about whether there will be a rate cut on the table in both countries. The consensus seems to be there will be — on Wednesday, September 17 — and in both cases the most popular figure is .25 per cent.
The current Bank of Canada policy rate...
Home insurance for first-time buyers
Posted on Sep 08, 2025
As the buyers’ market continues, it’s logical that creates more opportunity for buyers to invest in homes for the first time in their lives. As with almost all “firsts” there can be some surprises.
Home insurance can be one of them.
Whether the first-time buyer goes shopping for a policy or enlist the services of an insurance broker, they’ll need to...
The latest updates on inflation in B.C.
Posted on Aug 19, 2025
Among the factors that affect the real estate market — along with everything else in life — is inflation. Naturally, the British Columbia Real Estate Association tracks inflationary trends and passes them along to buyers, sellers and anybody who is just interested.
The BCREA report from July includes the current figures, using the Consumer Price Ind...
Is real estate market gradually turning around?
Posted on Jul 24, 2025
Recently released statistics offer an encouraging yet modest look at the real estate market in British Columbia. Because of the time it takes to collect and assess the data, “recently” sometimes refers to the month of May.
According to the British Columbia Real Estate Association, sales were down by just 0.4 per cent in May compared to April but up...
GST relief — now The Elevator Home's even more attractive
Posted on Jul 14, 2025
The new federal policy that means first-time homeowners won’t have to pay GST when buying their new homes makes The Elevator Home an ideal candidate.
Because it is a new, never-been-lived-in home, because its price is less than $1.5 million, the final home at The Ross Residences, and because the Federal Government’s policy is in effect, the price of...