Some valueable insight from Kevin Skipworth, Chief Economist at Dexter Realty The sales super cycle that the Metro Vancouver housing market has been in for two years is ending. It is nearly over in Fraser Valley, where March sales were down 22.5% from a year earlier and average prices dropped nearly 6% from February 2022, […]

Insight from our friends at First National on today’s Bank of Canada highly anticipated rate increase.  Bank of Canada increases its benchmark interest rate, updates its 2022 outlook Mar 2, 2022 First National Financial LP Today, in its second scheduled policy decision of 2022, the Bank of Canada made good on its pledge to increase […]

A closer look at today’s interest rate hike by the Bank of Canada; reviewed by Chief Economist for Dominion Lending Centres, Dr. Sherry Cooper. Bank of Canada Starts Hiking Rates, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate target by a quarter percentage point in a […]

What’s really at the crux of our rising home prices??? Here’s some alueable insight from our friends at First National.  Fresh data just released from the 2021 census shows Canada is the fastest growing country in the G7.  Canada’s population jumped by 1.8 million people (5.2%) since the last census in 2016.  Much of that […]

Valuable insight from Kevin Skipworth, Chief Economist at Dexter & Associates.  “If you have the courage to begin, you have the courage to succeed.” David Viscott There have always been challenges purchasing in one of the most expensive housing markets on the planet. It is still possible, though, to find the home or investment of your […]

Interest rates are on the rise. Some insight on recent moves from our friends at First National.  The Bank of Canada has, once again, held its trendsetting interest rate 0.25%.  But it has stepped off the sidelines. Expectations of a rate hike were high heading into the January 26th announcement.  Calls for an increase have been […]

Today’s Bank of Canada announcement. Bank of Canada maintains policy rate, removes exceptional forward guidance FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 26, 2022 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at […]

As the first Bank of Canada announce approaches, all eyes are on interest rates. Here’s some solid insight on the issues at hand from our friends at First National. Interest rate anticipation runs high Market watchers have their gaze firmly fixed on January 26th.  The Bank of Canada will make its first rate announcement of […]

Some interesting data from our friends at REW and the CREA. What’s in store for 2022? Read on to see… December rounded off 2021 with a record-breaking lack of homes for sale on the market, pushing red-hot conditions into the new year. The latest data from the Canadian Real Estate Association (CREA) reports that with only 1.6 […]

Subtle differences in your mortgage term can mean big differences in payment amount and how long it takes you to pay off your mortgage. Are you aware that a variable rate mortgage (VRM) is different from an adjustable rate mortgage (ARM)? While both are tied to Prime – the key lending rate set by the […]