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Working with Marty and his team was a pleasure, by being so well prepared and organized made the process of selling our parents home a breeze and all this in just 1 week. Thanks to everyone for all your hard work -Steve and Bev
So, what is going on in our market? In a nutshell, detached houses continue to be pretty quiet across the board. Attached strata condo, townhomes, and half duplexes continue to be the hottest product available! While the majority of our attached strata condos and townhomes sell with multiple offers pushing the values ever higher,…
We have just completed the first 4 months post stress test! The new stress test requires that mortgage applications qualify using income from the tax returns using a rate that is 2% above the actual interest rate. During May we will see how this new stress test will impact the real estate market under these…
The Economic Fallout of Housing Price Shocks The desire of some well-meaning British Columbians for government to drive down the price of homes through demand-side policy may sound practical at first blush. However, when you consider the broad and deep economic toll that a negative shock to home prices would exact on both homeowners and…