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BC housing assessments hold steady across most areas, with Metro Vancouver single-family homes hovering just above $2M. While values stabilize, affordability concerns simmer as interest rate drops could spark increased buying activity with limited housing supply.

The Bank of Canada is uncertain about when it can start cutting interest rates due to ongoing high and broad-based inflation. The central bank is concerned about the persistently high inflation and the rapidly rising cost of shelter, which is the primary driver of above-target inflation. While a rate cut is expected, the timing remains…

BC Housing and OMAHS seek permits for 48-unit affordable housing project on Kneller Road. Joint application was submitted after unanimous city council support more than a year ago.

In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…

Construction Optimism in British Columbia Despite challenges, construction contractors anticipate a busy 2024. Labour Shortages, a Concern Skilled worker shortages continue to be a significant challenge in the industry.

Home sales in B.C. saw a surprise gain in December 2023, with a 7% increase in MLS transactions. However, average home prices dropped by 1%. Despite the rebound, it's uncertain if this marks a market turnaround. Retail spending in Canada slowed in November, with B.C. experiencing a 0.7% gain. Continue to full article

Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…

The Bank of Canada is considering when to start cutting interest rates, with the governor stating that the discussion of monetary policy is shifting. The decision to maintain the key rate was expected, and the bank is open to further rate hikes if inflation rises. The central bank is concerned about high inflation, particularly in…

2024 property assessment in Prince George and North Central BC indicates single-family home values ↓ 3% yearly to $450K.Conversely, strata residential properties like condos and townhouses saw ↑ 1% yearly to $252K.