Canada’s housing market was the fastest rising in the world, just a few months ago. Now we’re claiming the opposite title Canadian real estate prices were the fastest rising in the world, just a few months ago. Now we’re claiming the opposite title, as the market explores where prices should be. Newly released Federal Reserve Bank of Dallas (the Dallas Fed) numbers, show a decline in home pr ...

The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver consequences than conventional analysis shows, Macquarie Capital Markets Canada Ltd. said. Assuming just one further rate rise, the impact would be 65 percent to 80 percent as severe as the 1987 to 1990 cycle, according to Macq ...

The fixed mortgage rates have increased with most lenders this week. The average 5 year fixed on a conventional mortgage is now at 3.49%. The average 5 year fixed on a high-ratio mortgage is 3.19%. The new prime lending rate at most institutions is now 3.45% (up from 3.20%). If you have a VRM (variable rate mortgage), HELOC (home equity line of credit) or personal loans based on the prime le ...

The Bank of Canada will make its first interest rate announcement of the year on Wednesday. Many observers predict will boost the country’s benchmark rate by 25 points to 1.25 per cent after the economy’s strong performance last year and a particularly strong jobs report from November. If the economy keeps pace, they believe that rate may be bumped up a few more times over 2018. The suspecte ...

2017 was our best year ever at Hadden Properties. Over 80% of our business was either repeat or referral clients. There is no greater compliment to receive as a Realtor and for this we wish to extend a sincere appreciation to everyone who continues to support and think of us. All the best in 2018,Andrew Reid & John Powers                                                                    ...

Vancouver's stratospheric housing costs have driven the city to groundbreaking interventions to make more rentals available. That has included Canada's first sin tax for homes left vacant and a radical new housing policy emphasizing creating purpose-built apartments geared to rates local residents can afford. But some developers and housing advocates say the city has actually obstructed – no ...

Real estate sales to Chinese buyers in Vancouver are in the midst of a "no growth" pattern, according to data gathered by China's largest real estate portal, Juwai.com. "Chinese buyer demand in Vancouver is flat as a pancake — neither up nor down," said Byron Burley, vice president for Juwai.com in B.C. The most common searches on Juwai in addition to Vancouver were Toronto, Seattle, Montre ...

New rules coming in January could disqualify up to 10 per cent of prospective home buyers who have down payments of 20 per cent or more, the Bank of Canada says. The new rules will likely cause those buyers to settle for smaller homes, put more money down or delay buying. Some may also take out riskier loans from alternative lenders that are not federally regulated, including credit unions a ...

'Sea change': Vancouver considers 'restricting property ownership by non-permanent residents' The idea is one of a number of "tax and financial regulations to limit the commodification of housing and land for speculative investment" proposed in Vancouver's 10-year housing strategy. Two years ago Andy Yan’s academic work placed him in the centre of a storm. But he decided to carry on with hi ...

How to Avoid the New Mortgage “Stress Test” There’s an easy way BC home buyers can get around new qualification rules – but the solution has its own issues Related Home buyers in BC and across Canada are bracing themselves for strict new qualification rules coming into force in January for mortgage applicants who have more than 20% as a down payment. Those buyers will have to undergo the ...