Could more luxury developments help make housing in Vancouver more affordable? Economist Michael Wiebe believes so, citing "vacancy chains." Others disagree. What do you think? Full article...
2024
Burnaby just approved two massive towers at Lougheed Town Centre! 🏙️ One will be 80 storeys tall—the tallest in Western Canada. These new developments bring over 1,400 condos, retail, and office spaces. Exciting times for the city’s skyline and community! Full article...
This 2 bed, 2 bath home might look rough, but it still sold for $1.35M! 💰 Only $45K was for the house itself—the rest? All land value! 🌲🏞️ Would you buy a home for the land alone? Or would you prefer a brand-new build? 🤔 Full article...
Ottawa is expanding 30-year amortizations and raising the insured mortgage cap to $1.5M! This could lower monthly payments and make homeownership more accessible, especially for first-time buyers. How do you feel about these changes?🏠 Full article...
This stunning Vancouver home, designed by legendary architect Arthur Erickson, can't seem to find a buyer despite several price cuts. Originally listed at $16.8M in 2018, it’s now down to $7.98M—but still no bites! Full article...
Despite rising home prices and financial hurdles, 84% of Canadians aged 18-38 believe owning a home is a valuable investment. Many are willing to make sacrifices, from saving diligently to cutting discretionary spending, to achieve their goal. These young homebuyers remain optimistic, with 75% prioritizing home ownership in their lifetime. Full article...
BC is tackling the housing crisis head-on with new rental homes in Langley and Burnaby—helping everyday heroes like teachers and nurses stay in the communities they love. Affordable, sustainable, and built for the future. Affordable, sustainable, and built for the future. Let’s build a future where home is within reach for everyone! #BCBuilds #AffordableHousing #HousingForAll #CommunityFirst...
The Bank of Canada has cut its overnight lending rate from 4.5% to 4.25%, marking the third rate cut this year. This move aims to manage inflation, which has slowed to 2.5%. The rate cut makes borrowing cheaper for Canadians, benefiting homeowners with variable rate mortgages. TD Economics predicts further rate cuts, potentially lowering the rate to 2.50% by the end of 2025. For more details, you can read...
When you put your property up for sale, you want to ensure that potential buyers get all the information they need on the features of your home and its surrounding area. For example, if a buyer doesn’t realize a great school is just around the corner, they might just walk away. An effective way to make sure something like that doesn’t happen is to create these three lists: #1: The “bittersweet...
When you suffer damage to (or the loss of) your home or its contents, you expect your insurance company to come to the rescue, and most do. Still, it’s a good idea to review your policy with your insurance advisor and find out what’s covered and what isn’t. For example, if you have a flood in your laundry room, you don’t want to discover then that the damage is not covered. Some events...