If you are buying a home, these new regulations may affect you. On October 17th, 2016, the federal government’s new rules for first-time homebuyers took effect. At the beginning of the month, Ottawa released the news that they would be introducing some new measures to make it harder for Canadians to take on a mortgage [...]
Updated October, 2016 According to the BCREA (British Columbia Real Estate Association): Housing demand in the province “continued to trend lower in September” according to BCREA Chief Economist Cameron Muir. The number of residential unit sales recorded by the Multiple Listing Service (MLS®) in September is 7,591; down 11.2 percent from the same month last [...]
Updated August 2016 According to the British Columbia Real Estate Association (BCREA), home sales in metro Vancouver region are showing a “cooling trend” since March. The 9,900 residential unit sales recorded by the Multiple Listing Service (MLS) in July in B.C. is down 3.4 per cent from the same month last year. According to [...]