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...
Next interest-rate announcements coming this month
Posted on Jul 13, 2025
Both the Bank of Canada and, in the United States, the Federal Reserve have interest-rate announcements scheduled for July 30. The widespread speculation is that interest rates in both countries will…well, who really knows?
Given that the latest rates for tariffs are supposed to go into effect 48 hours later, it’s logical that the movement (or non-m...
Quick analysis of Bank of Canada’s latest interest rate no-change
Posted on Jun 09, 2025
The Bank of Canada doesn’t take a summer vacation. The fifth of eight interest-rate announcements this year will be made in the middle of summer — July 30 is the listed date. In such volatile economic times, it’s likely to attract more attention than mid-summer news usually does.
The fourth announcement (June 4) produced the widely-anticipated resul...
Condo sales statistics worthy of interpretation
Posted on Jun 03, 2025
It’s impossible to avoid the headlines about condos and their place in the current real estate market.
“The condo market is slowing down”
“Metro Vancouver condo sales dropped 20 per cent”
“Vancouver condo market shows signs of crashing”
One realtor was even heard to say, on television, that there were more for-sale signs than posts to put them in t...
Right time for buyers, good news for sellers
Posted on May 10, 2025
Buyers who have been waiting on the sidelines before jumping into the real estate market may have found that “sweet spot” for doing so.
A story written for Canadian Mortgage Professional (CMP) this months is headlined: “Some Canadian homebuyers have best purchasing opportunity in decades”. The facts behind it are that a cooler market and declining i...