Author: admin
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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…
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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…