The COVID-19 pandemic certainly turned Canada’s housing market on its head. Many had anticipated a significant crash in the early days of the coronavirus public health crisis, but the opposite transpired, with a big change in consumer buying and selling patterns. Many Canadian homeowners experienced enormous equity gains on their residential properties and with remote work taking hold, they c ...

Things To Consider in the Face of Rising Interest Rates The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising interest rates three times, and ...

There is no other way to sugar-coat what is happening in Canada’s housing market: The nation is facing a severe supply shortage. Why is housing supply so low? I have buyers looking to purchase in Forest Hills - Edgemont - Canyon Heights - Surrey - Langley - Tsawassen - Victoria - Lower Lonsdale - Central Lonsdale Current market conditions, be it record-low inventories or strengthening demand ...

The First-Time Homebuyer’s Guide to Securing a Mortgage to live in your favourite Neigbourhoods in Vancouver or the North Shore, like inEdgemont Village - Foresthills - Canyon Heights - Grousewoods - Dunbar - Central Lonsdale - Lower Lonsdale. Visit https://www.stanvanwoerkens.com/MarketStatisticsDatedfeb2022.ubr for further details and contact stan van Woerkens @ 604-306-2550Is the Canadian ...

What is a Reverse Mortgage?Typically, when tapping into your home’s equity, one uses a home equity line of credit (HELOC) or refinances their mortgage. What if we told you this was not the only way to free up home equity for other purposes? While a traditional mortgage is a loan secured by a home or property, the borrower must pay back the loan each month with interest throughout the loan lif ...

Raise the discussion of booming real estate in Canada, and the Vancouver, BC housing market will likely be mentioned more than once. While the city has maintained a strong market over the last few decades, another story worth mentioning is the performance of the province as a whole. In mid-2020, Canadian real estate markets from coast to coast experienced a surge in demand that caused invent ...

The Vancouver housing market has been one of the top real estate markets in all of Canada. This major urban centre has been witnessing jaw-dropping growth across the board, as a blend of families, young professionals and investors drive demand and in turn, home prices. What’s more, shrinking inventories are also supporting this tremendous price growth – a story that is playing out in many mar ...

 Understand the analytics of your neighbourhood before you sell or buy a Detached - Attached Home.