Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.
Bank of Canada interest rate cuts that began mid-year were not enough to ease the affordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales.
Commercial transaction volumes in the Lower Mainland fell significantly in the aftermath of the June 25 deadline to increase the capital gains inclusion rate, as many deals that would have transacted in the third quarter were pulled forward into the secon
Borrowing costs were at the top of home buyers' minds in 2024. High interest rates presented significant affordability hurdles and kept home sales well below the norm. The housing market did benefit from substantial Bank of Canada rate cuts in the second half of the year, including two large back-to-back reductions.
Happy New Year! If you’re looking to make 2025 the year that you finally become a homeowner, then it’s time to make a few New Year’s resolutions. Your dream can be achieved with a simple plan and the desire to see it through all the way to your new home!
For first-time buyers or those looking for a more affordable investment into a certain real estate market, a condo is clearly an excellent choice. The concept of a communal space is attractive. Shared amenities, community involvement, and proximity to urban areas make condos a great idea also
A basement apartment can be a good investment. But nowadays, any old basement apartment just won’t do. If you want to have a successful lower-level living space, you need to impress potential renters right from the start.
Some homeowners may stumble upon financial hardships that make it difficult for them to pay their mortgage payments. Once your mortgage loan defaults, the chance of foreclosure increases.
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