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Click here to view the December 2020 Mortgage Rate Forecast. Highlights: Bank of Canada actions have pushed mortgage rates to record lows Canadian economy bounced back in the third quarter, but the second wave looms Bank of Canada on hold,…
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New EV Ready rebates as Province doubles rebates for home, workplace charging. Home and workplace charging station rebates are offered through CleanBC’s Go Electric EV Charger Rebate and EV Ready programs. The rebates are administered by BC Hydro and FortisBC…
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Canadians on the move: Not an exodus, but the re-location trend across Canadian housing market is real. RE/MAX Canada expects average residential prices to rise 4% to 6% in 2021 35% of RE/MAX brokers indicate that “move-over” buyers from other…
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Historically low interest rates have been the impetus for a home buying frenzy that’s swept much of Canada, but it’s also presented a unique, if a once in a lifetime, opportunity for real estate investors. In Toronto, the COVID-19 pandemic…
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The recent BC Covid-19 protocols, in addition to the approaching Holiday season, have contributed to the moderate pace of our current market. However, buyers are keen and we predict an increase in listings in the New Year. We encourage everyone to…
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After Thanksgiving, Black Friday and Cyber Monday people are urged to join the movement of giving back. #GivingTuesday is a global day of giving and unity. This is a time when companies and individuals join together and rally for great…
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The Bank of Canada held its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank is also continuing its quantitative easing (QE) program, though re-calibrated to target longer-term bonds and slightly…
Read moreThe BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the economy as BC navigates the recovery. This dashboard focuses on the sectors and activities that have been most significantly impacted by the…
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The latest BCREA Market Intelligence: COVID-19: Population Growth and Housing Demand examines how the sharp drop in immigration this year due to the global pandemic has impacted the BC housing market. Click here to read the…
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Happy Thanksgiving! Buyers are searching high and low for homes that are actively listed, expired or cancelled – they are highly motivated! Check out our Market Update and continue reading here.
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