Blog Posts

A Look into November's Fraser Valley Real Estate Market

Posted on Dec 04, 2023

As we delve into the holiday season, the Fraser Valley real estate market is showing signs of a seasonal cool-down, with both buyers and sellers maintaining a holding pattern that has characterized the latter half of this year. The Fraser Valley Real Estate Board's latest report reveals key insights into the market dynamics for November.


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Canadian CPI Update November 2023

Posted on Nov 21, 2023

1. Inflationary Adjustments:
Canada's Consumer Price Index (CPI) increased by 3.1% in the past year, exhibiting a marginal moderation from the preceding month.The primary contributor to this deceleration is the noteworthy 6.4% drop in gasoline prices for October, resulting in a 7.8% decrease compared to a year ago.

2. Food Price Dynamics:

Food prices...

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Federal Changes For Short Term Rentals 

Posted on Nov 20, 2023

📢 Breaking News! Federal Finance Minister Chrystia Freeland is set to unveil a fall fiscal update that includes a significant measure to reshape the landscape of short-term rentals in Canada. 🍁

🏠 What's Changing?
Property owners in areas with existing restrictions on short-term rentals will no longer be able to claim their rental expenses against the...

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Fraser Valley October Market Update

Posted on Nov 02, 2023

In the dynamic realm of Surrey, BC, the real estate landscape experienced a notable evolution in October. As consumers cautiously approached home buying decisions amidst elevated interest rates, the Fraser Valley Real Estate Board recorded a significant shift. With 970 transactions on its Multiple Listing Service® (MLS®), marking a 12% decrease fro...

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British Columbia's New Legislation Aims to Transform Housing Landscape

Posted on Nov 01, 2023

Cherry blossom trees line a residential street in Vancouver, on Tuesday, April 4, 2023. THE CANADIAN PRESS/Darryl Dyck

In response to the ongoing housing crisis, the British Columbia government is taking a bold step forward with legislation designed to stimulate the development of small-scale and multi-unit homes. This initiative seeks to address the challenges faced by residents in finding affordable housing in their communities.

Key Points of the Legislation:

1. Zo...

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Bank Of Canada Update & Outlook

Posted on Oct 25, 2023

A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017.

In its recent announcement, the Bank of Canada maintained the overnight rate at 5%, emphasizing its commitment to quantitative tightening. This decision comes against the backdrop of a dynamically evolving global and domestic economic landscape.

Global Economic Trends:
The global economy is experiencing a slowdown, influenced by increased policy rate...

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