Author: admin
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National Day for Truth and Reconciliation
National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…
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Canadian housing investment a bright spot amid trade headwinds
Canada's housing market remains strong due to interest rate cuts and steady consumer spending, despite export declines from US trade policies. While the overall economy contracted, housing investment grew, supported by lower borrowing costs and government programs. However, affordability issues and uneven regional recovery persist. Canada must build 3.2 million homes in a decade to…
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Fraser Valley: Can Buyers Benefit From Steady Inventory?
Fraser Valley sales dropped 13% year-over-year to 931 in August. Sales were 36% below the 10-year regional average. Inventory held steady at just over 10,400 active listings. Condos sold in 41 days, single-family homes 38 days, townhomes 32 days. Market allows buyers to make bold offers as sellers become more motivated.
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B.C. Housing Set for 2026 Bounce
Provincial home sales are expected to drop 2.2% in 2025, then rebound 10.7% in 2026, according to B.C. Real Estate Association. Prices are projected to stabilize, with modest growth of 1–2% next year. Experts highlight that increased sales and stable pricing may encourage more activity in the provincial housing market. Market recovery in 2026 could…
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Canada’s Condo Price Snapshot 2025
New condo prices nationally edged down 0.2% in Q2 2025 but are 0.6% higher than the same quarter last year. Prices remain 1.1% below the 2022 peak but are up 33.3% since early 2017, showing significant long-term growth. Markets vary widely: Montréal, Ottawa, and Edmonton near or at record highs, while Toronto, Vancouver, and Victoria…
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Canada’s 2035 Housing Crunch Forecast
CMHC warns Canada must double housing starts from ~250,000 to 480,000 yearly by 2035 to meet demand and improve affordability. Major obstacles include labor shortages, high building costs, market stagnation, immigration gaps in skilled trades, and bureaucratic delays discouraging development. At current pace, Toronto’s average home price will jump 62.6% to $1.95M by 2035, while…
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Bank of Canada Signals Housing Inflation Caution
Slide 1 🏦 BoC signals housing demand now directly affects inflation decisions. Slide 2 📉 BoC stresses 2% inflation target; housing now central to monetary policy decisions. Slide 3 ⚖️ Monetary policy shapes demand, while housing supply remains government’s responsibility. Slide 4 📈 Past rate cuts drove a 40% national housing surge. Slide 5 🔍…
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9 tips for getting the most out of your mortgage renewal
Mortgage renewal can be a complex process, and many Canadians miss opportunities by automatically renewing without research. Key tips include researching current rates, negotiating with lenders, and understanding the implications of the lowest rates. Consider making extra payments towards the principal and leveraging home equity for projects. Using a mortgage broker may yield better rates,…
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British Columbia Crash or Rebound 2025–2026?
BCREA forecasts a small decline in 2025 home sales (-1.1%), followed by a robust +8.8% rebound in 2026—indicating a V-shaped recovery. RBC expects price declines into 2026 due to high inventory, especially in BC and Ontario. Regional divergence will persist—mountain, interior markets may differ from Vancouver-area dynamics. Outlook emphasizes short-term cooling followed by recovery in…
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Simplifying the Mortgage Process: A Broker’s Guide to Client Satisfaction and Referrals
The mortgage process can be overwhelming for first-time homebuyers due to extensive paperwork and complex terminology. Mortgage brokers can enhance client satisfaction by simplifying this process through strategies like walking clients through documents using digital platforms, providing clear instructions, and maintaining regular communication. Tools such as explainer videos, automated updates, and client portals can further…