Author: admin
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First-Time Buyers: Master Your Mortgage Journey
Start by getting pre-approved to show affordability—credit score >720 boosts your mortgage options significantly. Compare mortgage options, including government programs and incentives like $5K tax credit or $60K RRSP withdrawals.
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B.C. housing outlook: Sales to rise in 2026
The B.C. Real Estate Association forecasts a 2.2% drop in home sales this year, followed by a 10.7% increase in 2026. Prices are expected to stabilize and grow by 1-2%. In Kelowna, the average asking price in May was $1.15 million, with homes selling for around $1.12 million. Continue to full article
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Abbotsford Homebuyers Enjoy More Choices in Mid-Summer
Abbotsford’s housing market feels stuck—prices keep sliding, sales still underwhelming.” “Detached home sales rose 10.3% in July, but remain below last year’s levels.” “Apartment sales nudged up 1.8%, while townhouses crashed nearly 29% in July.” “Detached homes now $1.18M, townhouses $653K, apartments $424K—each below 2024 prices.” “Average wait: 35–38 days before Abbotsford homes actually sell.
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5 Essential Strategies for Building and Preserving Wealth
High net worth investors adopt essential habits for building and preserving wealth. Key strategies include embracing social responsibility in investments, employing a multi-pronged approach to wealth preservation, and ensuring tax efficiency. Additionally, spending less and investing more is crucial, along with focusing on long-term investments for higher returns. By cultivating these financial habits, individuals can…
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Why Canadian Housing’s Best Days Are Ahead
Population growth outpaces housing supply, especially in Toronto and Calgary, setting strong long-term fundamentals for housing demand. Mortgage rates are expected to drop to 4.25% by 2027, improving affordability and driving renewed buyer activity in key markets. Contrarian investors should target entry-level homes and suburban areas, where prices have dropped 10–15% since 2022. Government-funded supply…
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5 Tips for a Successful First Real Estate Investment
Preparation, clarity, and timing matter more than luck for new investors. Know your financial profile: credit, savings, and debt-to-income ratios shape loan options. Research local market data, zoning laws, and pricing trends before buying. Build a cash flow plan including fees, repairs, and occupancy gaps. Define long-term goals to avoid distractions and guide every investment…
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Abbotsford home sales hit summer slump
Property prices in Fraser Valley continue to decline across all types, with Abbotsford facing slow sales and high listings. Detached homes saw a 10.3% sales increase from June but remain below last year’s levels. Apartments had a slight sales rise, while townhouses dropped nearly 29%. Prices fell for all types, with detached homes at $1,180,200…
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BoC Rate May Drop to 2.25% by End of 2025
The Bank of Canada may cut rates two more times in 2025, totalling 50 basis points. These cuts could reduce the key lending rate to 2.25% by December 2025. Forecasted cuts respond to economic slack despite recent inflation upticks and global trade tensions. Variable-rate mortgage holders may see lower payments or more principal repaid if…
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Happy Labour Day
Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…
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How Immigration Is Changing Canada’s 2025 Rental Market
Immigration caps reduced 61,000+ residents early 2025. Despite rent drops, affordability gaps remain — turnover rents soar up to 44% in some major cities. Good news for renters: more supply, slower demand, and better deals are finally showing up.