April 2024 Mid Month Market Update
Posted on Apr 17, 2024
Introduction
The real estate markets in Surrey, Cloverdale, and Langley are buzzing this spring! With a notable influx of listings and stable sales, the timing for buyers to enter the market has never been better. Whether you're looking to make your first home purchase, invest, or even upsize, the current landscape offers compelling reasons to make...
Bank of Canada April 10th Rate Announcement: Impact on Real Estate Market
Posted on Apr 11, 2024
Unpacking the Bank of Canada's Rate Announcement
On April 10th, the Bank of Canada made a move—or rather, chose not to make one—by holding its key interest rate at five percent for the sixth consecutive time since July. This decision echoes the Bank's cautious optimism, emphasizing its vigilant wait-and-see approach towards ensuring that the recent...
March 2024 Fraser Valley Real Estate Market Update
Posted on Apr 03, 2024
Introduction
March was a month of contrasts in the Surrey, Cloverdale, and Langley real estate markets — not too hot, not too cold, but definitely stirring. In this blog post, we'll delve into the nuances of the housing market's performance in these areas during March 2024. Was it a buyer's market, a seller's paradise, or somewhere in between? Let’s...
March Mid-Month Real Estate Boom in Surrey, Cloverdale, and Langley
Posted on Mar 16, 2024
As winter's chill gives way to the warmth of spring, the real estate market in Surrey, Cloverdale, and Langley is mirroring this transition with a significant uptick in activity. This mid-month update sheds light on an intriguing trend: a surge in new listings across these areas, surpassing the 10-year average. Let's delve into what this means for...
Navigating the New Property Transfer Tax Exemption for First-Time Home Buyers in British Columbia
Posted on Mar 08, 2024
Introduction to Property Transfer Tax Changes
For first-time home buyers in British Columbia, there's some significant news that could change the game for you. If you're looking to step into the housing market, an understanding of the recent changes to the Property Transfer Tax (PTT) exemption limit is crucial. Previously set at $500,000, the BC gov...
BOC Holds Interest Rates Steady at 5%: Navigating Towards the 2% Inflation Target
Posted on Mar 06, 2024
Introduction
So, the Bank of Canada (BOC) decided to keep its interest rate steady at 5%, and guess what? This isn't the first time; it's actually the fifth time in a row. Everyone, from economists to everyday folks, is watching this closely. Why? Because it signals the BOC's cautious strategy in keeping our economy on a stable path. With inflation...