Category: Uncategorized
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Canada Housing Trends Market Update
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New Listing: 35920 MARSHALL ROAD
East Abbotsford Gem. This meticulously maintained custom build home with over 260K worth of UPGRADES!! Features include Quartz counters, stainless appliances, LED lighting, custom blinds, fresh paint and flooring, New roof, gutters, flashing and 75K worth of landscaping are just a few. Inside has an open concept floor plan, big bright windows, 7 bedrooms 4…
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New Affordable Homes Coming for BC Renters
British Columbia invites proposals for affordable rental homes through the Building BC: Community Housing Fund.
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New Listing: 450 Mayne Avenue
Welcome to 450 Mayne Ave, located on the desirable 3rd Bench area. You will fall in love with this Martha Stewart inspired home! Features include 3 bed, 2 baths, updated kitchen, floors, paint, windows, hardi plank siding, newer hot water tank, recently serviced furnace and a 16 year young roof. Out back is a wonderful…
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Land Acquisitions Predicted to Rise
Landbanking activities are expected to increase. That is because developers aim to expand offerings for the affordable market segment. Also, the property market is likely to witness a rise in merger and acquisition activity.
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Income Requirements for Mortgages Increase Across Canada, Except in British Columbia
According to research from online mortgage provider Nesto, the income required to qualify for a mortgage in most provinces in Canada has increased, except for British Columbia where affordability has slightly improved. British Columbia still has the highest income requirement to qualify for a mortgage at nearly $200,000, while Alberta has seen one of the…
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Fraser Valley housing market sees marked slowdown in August
In August, the Fraser Valley real estate market experienced a marked deceleration due to seasonal trends and caution over the Bank of Canada’s policy decision. Home sales decreased by 6.9%, new listings fell by 8.2%, and active listings rose by 1.5%. Benchmark prices were generally steady, with single-family detached homes averaging nearly $1.535 million, townhomes…
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BC Housing Market 2024 Forecast
BC home sales to ↓ 2.8% in 2023, ↑ 6.1% in 2024. .
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BC Housing Market Rebound Projected in 2024
Home sales volumes are expected to ↓ ~5% in 2023, but ↑ 12% in 2024 and ↑ 14% in 2025.
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B.C. Housing Market Expected to Withstand Potential Rate Hikes, Says Industry Association
The report from Business in Vancouver suggests that the British Columbia housing market is expected to remain resilient in the face of potential interest rate increases. The industry association expresses confidence in the market’s ability to withstand rate hikes, likely due to a combination of strong local economic factors, steady population growth, and a limited…