Economists implying inflation stance change
Posted on Feb 10, 2025
With the threat of tariffs sometimes changing daily (or even hourly), Canadians are wondering what the impact is in the housing market. There is no finite answer, of course, but a story in The Financial Post implies that the Bank of Canada may have to change its direction.
“If a new round of tariffs ever comes into play,” it reads, "they could force...
2025 schedule for interest rate to change…or not
Posted on Jan 21, 2025
With interest rates widely expected to stabilize this year, it’s anticipated the real estate market will experience a surge in demand from buyers who have been waiting for a better break. When or if the rates will change, nobody knows. When buyers and sellers will find out if the rates are going to change is widely known.
There is an interest rate a...
‘Flipping Tax' effective as of New Year’s Day
Posted on Dec 26, 2024
It will soon be a year since the B.C. Government announced, in its 2024 budget, details of a new tax on home buyers who buy and sell properties to make a quick profit. Now, what has been labelled the “B.C. Home Flipping Tax” goes into effect on January 1.
Last February, the announcement stated that any profits made from the sale of a residential hom...
The impact of the Bank of Canada’s latest cut?
Posted on Dec 11, 2024
The experts who predicted another “jumbo-size” half-point cut in the Bank of Canada interest rate were right. The question that follows is: How will this affect the economy in general and real estate in particular? How quickly will the “other” banks — the ones that issue mortgages — respond and how much will their response reflect the interest-rate...
Keeping the door open to working low offers
Posted on Dec 10, 2024
With market conditions and home prices changing as quickly as they sometimes do, it’s more important than ever to have sound research before venturing into the market, as either a buyer or a seller — the kind of research Nexus Realty has given clients for many years.
Something that can slip through the cracks but won’t if you have realtors like Dale...
The Elevator Home: appeal to all families
Posted on Nov 27, 2024
As much as The Elevator Home at The Ross Residences appeals to families who are downsizing from a larger home, it also appeals to families who are growing.
Think about the parent arriving with a youngster in a stroller, a cart full of groceries and a home that’s on the second floor. And oh yes, it’s raining.
Voila! An elevator, into which everything...