Monthly Real Estate Market Report – December 2023

This December saw a total of 1,345 residential sales, a 3.2 percent increase from the 1,303 sales recorded in December 2022. Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2023 is 16 percent. “You could miss it by just looking at the year-end totals, but 2023 was a strong … Read more

The Bank of Canada Hiked Rates Again And Isn’t Finished Yet

The Bank Of Canada Hiked Rates Again And Isn’t Finished Yet

The Governing Council of the Bank of Canada (BOC) raised its target for the overnight policy rate by 75 basis points (or 0.75%) today to 3.25% and signaled that the policy rate would rise further. While some Bay Street analysts believed this would be the last tightening move this cycle, the central bank’s press release has dissuaded … Read more

Rising Landlord Costs May Hike Tenants’ Rent

Despite the high rent costs for residents of Toronto and Vancouver, the ownership costs of real estate investors have only increased in recent years, causing them to still lose money. According to the owner of Butler Mortgage, Ron Butler, “it’s all about leverage” referring to rising interest rates and the slowing down of the increasing … Read more

Buying Your First Home?

Strategies for Buying Your First Home Your first home purchase can be an unnerving path filled with uncertainty and doubt. Can I afford it? Am I paying too much? Will I be able to pay the mortgage? Property prices continue to rise, so buying a home for the first time may seem like an unreachable … Read more

The Timeless Investor’s Question: What is the smarter decision, real estate investing or stocks?

Real estate investing and stocks are 2 major asset classes you’ll be looking at when reviewing your investment portfolio.  The oft-advised strategy is to diversify your investment in both real estate and stocks.  This advice stems from the fact that historical returns for real estate and equity show a low correlation with each other. Real … Read more

Why is Burquitlam Red hot for real estate?

Why-is-Burquitlam-Red-hot-for-real-estate

Burquitlam is a neighborhood located on the boundary of Coquitlam and Burnaby, and its exponential growth has been underpinned by the development of the Evergreen Skytrain line. It’s easy to access to Hwy 1 makes it a natural selection for homeowners looking for a bigger return on their investment dollar. As the community and general … Read more

Is the Most Affordable Real Estate Investment in Metro Vancouver also the Most Profitable?

Is-the-Most-Affordable-Real-Esate-Investment-in-Metro-Vancouver-also-the-Most-Profitable

I would describe myself as a sceptical investor. It usually takes a lot of research before I am convinced. Surrey real estate convinced me. Surrey properties are currently the most affordable real estate investment in Metro Vancouver. We have been looking after a number of properties in Surrey and the prospect of owning a brand … Read more