Bank Of Canada’s Overnight Rate Hiked For Second Time In Two Months – What Does This Mean To You As A Homeowner?

Posted on

On September 6, The Bank Of Canada (BOC) announced that it was raising the overnight lending rate another 25 basis points to 1%. This followed the recent rate hike in July when rates increased from 0.50% to 0.75%. The reasoning for the rate hike can be attributed to the fact that economic growth in Canada […]

Read More…

REBBGV Market Update For August 2017 – Condo and Townhouse Sales Soar, While The Detached Market Continues To Cool

Posted on

The August 2017 stats released by the Real Estate Board Of Greater Vancouver (REBGV) show a month that has turned out to be much busier than anticipated, thanks to continued demand for relatively affordable housing options. Jill Oudill, REBGV President released the following statement with regards to the August stats: ”First  time homebuyers have led […]

Read More…

REBGV Market Update For July 2017 – Changing Trends In Demand For Housing

Posted on

Overview by REBGV (Real Estate Board of Greater Vancouver) Lately we have been experiencing inconsistent demand for different types of homes. While some pockets in the market are receiving multiple offers, others are not. Detached homes are taking twice as long to sell on average when compared to condominiums and townhouses.  The hottest sector currently […]

Read More…

Airbnb – Expect A Wide Range Of Regulations Coming Soon

Posted on

Lately, Metro Vancouver has seen a lot of news about short-term rentals advertised on sites such as Airbnb and VRBO. Their lack of regulation and impact on the long-term local rental market, has forced local municipalities to respond to market concerns, and gradually introduce directives to regulate this market.  As most cities within Metro Vancouver […]

Read More…

Archives