Greater Vancouver Sales and Listings Report for October 2019

Posted on Nov 04, 2019

Average is the new up! And above average could be the start of a new trend in Greater Vancouver real estate. Attached are the Sales and Listings Statistics updated to the end of October 2019. This October in the Greater Vancouver real estate market saw a significant increase in the amount of sales compared to October of last year. Buyers are clearl...

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CMHC forecasts growth in latest housing outlook

Posted on Oct 31, 2019

After seeing housing activity decline in 2018 and 2019, Canada’s housing markets are expected to recover in 2020 and into 2021, according the latest Housing Market Outlook report from Canada Mortgage and Housing Corporation (CMHC).

Bob Dugan, CMHC’s chief economist, said that all indications pointed toward modest GDP growth in 2020 and 2021 that, al...

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September Data Confirm That Housing is in Full Rebound

Posted on Oct 16, 2019

September Data Confirm That Housing Is in Full Rebound

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the seventh consecutive month. Activity rose another 0.6% month-over-month in September to 512,000 units (seasonally-adjusted and annualized). This was the highest level in 21 months a...

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Why Use a Mortgage Broker?

Posted on Oct 01, 2019

These days mortgage brokers are not for people who can not get credit but rather people choose to use mortgage brokers for their ability to shop your mortgage to ensure you have the lowest rate and to provide advice on the features and terms of the mortgage. This is usually the largest financial obligation most of us and it is important to understa...

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Greater Vancouver Sales and Listings Report for August 2019

Posted on Sep 05, 2019

Considering August is traditionally one of the slower months for real estate sales, this August was more active than anticipated. On the supply side, the number of new listings and active listings were down – showing buyers are engaging more than they have and sellers are willing to hold on to their properties. Once again, there is a noticeable inc...

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Homebuyers to get new mortgage incentive, Home Buyer’s Plan boost under 2019 budget

Posted on Jul 15, 2019

Home Buyer's Plan gets a boost
As was widely anticipated, the government would also enhance the Home Buyer’s Plan (HBP), which currently allows first-time buyers to take out up to $25,000 from their registered retirement savings plan (RRSP) to finance the purchase of a home, without having to pay tax on the withdrawal. The budget proposes raising th...

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