• Bond yields on a rollercoaster ride but mortgage rates remain flat
. • Is the Canadian economy slowing?
• When will the Bank of Canada reverse course?
Mortgage Rate Outlook
Volatility continued in the Canadian mortgage market over the third quarter. Financial markets are currently digesting a complex economic environment as still high, though perhaps peaking, inflation collides...
Spacious 1 Bed Home
Priced at $488,000
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Bright, spacious and open court-yard views! This Southeast facing 1 bed, 1 bath, 608sqft unit is perfect to call home. Emerald Park Place is a pet friendly complex with a well-equipped gym and amenity room, centrally located to shopping, recreation, transit, Skytrain and every amenity you could need. Features: open plan,...
The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2022, a decrease of 40.8 per cent from August 2021. The average MLS® residential price in BC was $918,378, a 2.1 per cent increase from $899,428 recorded in August 2021. Total sales dollar volume was $5.2 billion, a 39.6...
Third Quarter – September 2022
The dramatic rise in Canadian mortgage rates has prompted an equally dramatic shift in the BC housing market. While the year started with home sales on pace to exceed 100,000 unit sales for a second consecutive year, aggressive monetary tightening in response to the highest inflation in decades quickly sent demand to the sidelines as five-year mortgage rates more...
Metro Vancouver’s* housing market is experiencing a quieter summer season marked by reduced sale and listing activity.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in August 2021, and a 0.9 per cent decrease from the 1,887 homes sold in July 2022.
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