Severe correction in Vancouver condo prices may persist Prices could fall further in 2026 before stabilizing in 2027, say experts. Toronto-Dominion Bank (TSX:TD) is predicting Vancouver condo prices will fall around seven to eight per cent by year’s end compared to the fourth quarter of 2025, though

No evidence of generalized inflation despite May price hikes: BoC’s Macklem By: The Canadian Press Bank of Canada governor Tiff Macklem says he’s not seeing evidence of generalized inflation even as price pressures surged in May. Statistics Canada said Monday that inflation jumped to 3.2 per cent la

  The federal and British Columbia governments are developing a program to purchase more than 2,200 condos in B.C. to turn into affordable housing, though the financial mechanism that will be used to make the acquisitions is still up in the air. Nearly 4,000 newly built condos are sitting empty in t

Why Canadians Are Ditching the 5-Year Fixed Mortgage | What It Means for You (2026) The End of an Era: Why Canada’s Five-Year Mortgage is Losing Its Crown There’s something deeply symbolic about the five-year fixed mortgage in Canada. For decades, it’s been the financial equivalent of a Tim Hortons

  Canada’s newest housing push in British Columbia has a simple promise and a complicated balance sheet. Prime Minister Mark Carney and Premier David Eby are putting up to $3.2 billion behind a plan to lower housing-related development costs, fund local infrastructure, and bring more than 2,200 alre

New data shows how dramatically — and what it means for renewal waves ahead By Matthew Sellers   For most of the past three decades, the five-year fixed mortgage was as Canadian as the Registered Retirement Savings Plan or the Tim Hortons double-double: a cultural default that shaped household finan

The stress test saved most homeowners. But the last group is about to feel the squeeze. BoC Financial Stability Report shows the final 12% of ultra-low pandemic mortgages will renew over the next year, facing an average 15% payment jump. If you bought or refinanced in 2021 at rock-bottom rates, your

Everyone's waiting for rate cuts to fix the housing market. Here's why that won't be enough.   CMHC's latest analysis shows the real problem is structural — land-use restrictiveness, municipal regulations, and a 430K-480K annual build target we're nowhere close to hitting. A 10% increase in regulato

    As you prepare to purchase your dream home, it's essential to understand all the costs involved beyond just the purchase price. One significant aspect that buyers often overlook is closing costs. In this guide, we'll explore what closing costs are, what they typically include, and how to prepare

Here are several reasons why someone might choose New Westminster, Canada, as their place to live: Historic Charm: New Westminster is British Columbia's oldest city, boasting a rich history and heritage. Residents can explore historic neighborhoods, heritage buildings, and cultural landmarks that re

  Welcome to Canada! As you embark on your journey in this beautiful country, one of the most significant milestones you may aspire to achieve is owning your own home. However, navigating the Canadian real estate market as a newcomer can be both exciting and daunting. But fear not, as we're here to

Relocating to Vancouver Island, particularly Nanaimo, offers a plethora of benefits. Here are some top reasons why people choose to make this move: Natural Beauty: Vancouver Island boasts stunning natural landscapes, including lush forests, rugged coastlines, and beautiful beaches. Nanaimo, in parti

  Selling a home during a divorce can be a challenging and emotional process. Here are some strategies and recommendations to help navigate this situation: Open Communication: Maintain open and honest communication with your ex-spouse. Discuss your intentions, expectations, and agree on key decision

    Homes come in all shapes and sizes – each with its own charm and character.   You have to define your needs and list key factors like family size, lifestyle, and preferences. "It's not about size; it's about meeting your needs. What matters most to you?   Below are are some advantages of Smaller

  Demographics: Demographics, including population size, age distribution, and household composition, play a vital role in shaping real estate trends. Changes in demographics can influence the demand for different types of properties. For example, areas with a growing population of young professiona

    Serious Sellers: In the winter months, sellers are often more motivated. Take advantage of this by negotiating effectively and potentially getting a better deal. Off-Peak Season Opportunities: The winter season may have fewer buyers, creating an opportunity for less competition. Serious sellers

    Less Competition: With fewer homes on the market during the holidays, your listing stands out more, potentially attracting serious buyers. Motivated Buyers: Many buyers during the holidays are motivated, often needing to relocate due to job changes or personal reasons. They're serious about maki

  BC Program Link: https://www.bchousing.org/housing-assistance/secondary-suite   Looking for a Home? Click HERE to start your Home Ownership Journey!   Accessory Dwelling Units (ADUs) offer several benefits, making them an increasingly popular option for homeowners. Here are some key advantages: Ad

Are you currently in the market for a new home in New Westminster, BC? Look no further! With a variety of housing options available, this vibrant city offers endless opportunities for buyers looking to settle down in a thriving community. From stunning heritage homes to modern condos, there is somet