What visitors discover about Elevator Home
Posted on Oct 31, 2024
Visitors to Open Houses at The Ross Residences are finding that The Elevator Home is, in fact, appealing for exactly the reason it was designed — an ideal place for homeowners looking for less space that is modern, new and expertly built.
The word “downsizing” is the traditional explanation for couples whose families have grown and moved out, leavin...
Interest-rate-cut time again…what to expect
Posted on Oct 21, 2024
With the next Bank of Canada interest rate just hours away (Wednesday morning), here are some excerpts of what some knowledgeable people in the financial world told the Globe and Mail…
CIBC economist Avery Shenfeld:
“Markets have thrown down their 50 basis point chip on the poker table, betting that the Bank of Canada will deliver an interest rate cu...
CIBC economist Avery Shenfeld:
“Markets have thrown down their 50 basis point chip on the poker table, betting that the Bank of Canada will deliver an interest rate cu...
Housing taxation affecting cost of homes
Posted on Oct 07, 2024
The BC Real Estate Association announced it is calling for major housing tax reform aimed at increasing affordability and fairness in the province.
The following is from the BCREA news release:
BCREA noted that BC housing taxation levels are some of the highest in the world and have risen sharply since 2016. This has had a significant negative effect...
The Fed’s decision and the time for market to turn
Posted on Sep 18, 2024
In the September edition of News From Nexus, this was the prediction from Dale Clark, President of Nexus Realty:
“If the Fed [the central banking equivalent in the United States] drops its rate by half a point, the real estate market will begin to turn. People with money will start to come off the sidelines. The time will have come.”
The time came th...
Real estate tidbits of news from elsewhere in the world
Posted on Sep 11, 2024
In Great Britain, swimming ponds — not swimming pools — have become status symbols. They are natural pools, or garden water features that create a “wild swimming experience.”
And wealthy buyers are snapping them up quickly.
According to a story at bloomberg.com, the swimming ponds are natural enough for frogs and schools of fish, and safe enough from...
Something to remember when buying that home
Posted on Sep 06, 2024
Now that more homes are likely to be sold, as the real estate market conditions improve, it’s important that buyers make sure to pay attention to something that can be easy to overlook:
Home inspections.
Easy to overlook? You’re looking for a new home. You find it. It’s the perfect house. Home inspection? Well, what if something surfaces about your...