The Bank of Canada finally began an easing cycle on June 5, taking their overnight policy rate down 25 bps to 4.75%--the first major central bank to do so. The housing market has languished over the past year with extremely weak affordability.

The Multiple-Listing Service Home Price Index fell again in May and is now down 2.4% year-over-year and is off 14.4% from the early 2022 peak when the overnight rate was a mere 25 basis points. Average transaction prices are down 4% y/y and off nearly 15% from the high.

Except for Calgary, housing markets across the country are in a buyers’ market as inventories of active listings have risen and sales have slowed. Calgary prices were up just under 10% y/y in May, pushing new record highs by the month. In the…

493 Views, 0 Comments

Read Full Post

Welcome to Gastown, the vibrant heart of Vancouver, BC, where history and modernity intertwine seamlessly. This charming neighborhood, with its cobblestone streets and vintage lampposts, offers a unique blend of past and present, making it a must-visit destination. But what exactly makes Gastown so special? Let's dive in and explore.

The Rich History of Gastown

The Founding of Gastown

Gastown's story begins in 1867 with a man named "Gassy" Jack Deighton, a Yorkshire seaman, steamboat captain, and saloonkeeper. Jack opened the area's first saloon, and his lively personality earned him the nickname "Gassy." From these humble beginnings, a bustling community grew, eventually becoming the cornerstone of Vancouver.

Evolution Through the Years

…

2389 Views, 0 Comments

Read Full Post

Ever wondered where the next real estate goldmine could be? Look no further than Sardis. This burgeoning community is quickly becoming a hotspot for savvy investors. But why Sardis? What makes it so special? Let's dive into the details.

Overview of Sardis

Location and Geography

Nestled in the picturesque Fraser Valley, Sardis boasts stunning natural landscapes and a strategic location. It's close enough to major cities like Vancouver for convenience, yet far enough to maintain its serene charm.

History and Development

Sardis has a rich history, evolving from a quaint farming community to a thriving urban area. Over the years, it has seen significant development, making it a prime location for real estate investment.

Real Estate Market in…

1575 Views, 0 Comments

Read Full Post

Have you ever wondered what makes Richmond such a standout in the Vancouver area? Nestled along the Fraser River, Richmond is a unique blend of history, culture, and modernity. Let's dive into what makes this vibrant riverside gem a must-see destination.

A Brief History of Richmond

Early Settlements

Richmond's roots trace back to early settlements by indigenous peoples, who thrived on the area's rich natural resources. European settlers arrived in the 1860s, drawn by the fertile land and abundant fishing opportunities.

Evolution Through the Years

From its beginnings as a farming and fishing community, Richmond has evolved into a bustling urban center. The city's growth has been fueled by its strategic location and diverse population,…

3972 Views, 0 Comments

Read Full Post

Market shifting in buyers’ favour, though hesitation remains

VANCOUVER, BC – July 3, 2024 – Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,418 in June 2024, a 19.1 per cent decrease from the 2,988 sales recorded in June 2023. This was 23.6 per cent below the 10-year seasonal average (3,166).

“The June data continued a trend we’ve been watching where buyers appear hesitant to transact in volumes we consider typical for this time of year, while sellers remain keen to bring their…

385 Views, 0 Comments

Read Full Post

Fraser Valley home sales fall despite Bank of Canada rate cut


SURREY, BC – The policy rate cut of 25 basis points by the Bank of Canada on June 5 was not enough to rally home sales in the Fraser Valley last month.

The Fraser Valley Real Estate Board recorded 1,317 sales in June, down by 13 per cent over last month and by more than 30 per cent over both last year and the 10-year seasonal average.

While sales remain soft, inventory continued to build for the sixth straight month to 8,350 active listings. Active listings increased 41 per cent over June 2023 and are the highest they’ve been in five years.

“With seasonally slow sales in June and a steady increase in inventory, we’d expect to see affordability improve,” said Jeff Chadha, Chair…

345 Views, 0 Comments

Read Full Post

Welcome to Pitt Meadows, a serene escape nestled just a short drive from the bustling city of Vancouver. This charming area boasts stunning natural landscapes, a rich cultural heritage, and a vibrant community spirit. Whether you're considering a move or simply exploring, Pitt Meadows promises a unique blend of tranquility and excitement.

The Allure of Pitt Meadows

Pitt Meadows is often described as a hidden gem, and for good reason. With its lush green spaces, friendly neighborhoods, and ample amenities, it offers the perfect balance of rural and urban living. Let’s dive into what makes this place so special.

History and Heritage

Humble Beginnings

The history of Pitt Meadows dates back to its early days as a farming community. Named after…

1193 Views, 0 Comments

Read Full Post


Have you ever dreamt of a place where adventure meets serenity? Nestled in the heart of British Columbia, Pemberton offers just that. This charming town is not only a gateway to some of the most breathtaking natural landscapes but also a sanctuary of peace and relaxation. Let’s dive into why Pemberton is a must-visit destination!

The Allure of Pemberton

Majestic Mountains

Imagine waking up to the sight of towering mountains kissing the sky. Pemberton’s majestic peaks, including the iconic Mount Currie, provide a stunning backdrop for any adventure. Whether you’re an avid climber or simply enjoy gazing at their grandeur, these mountains will leave you in awe.

Serene Lakes

If tranquil waters are more your style, Pemberton’s serene lakes are…

482 Views, 0 Comments

Read Full Post

North Surrey is more than just a place to live; it's a thriving community that offers an unparalleled quality of life. Whether you're looking for vibrant social scenes, diverse cultural experiences, or a peaceful place to call home, North Surrey has something for everyone.

Prime Location and Easy Accessibility

One of the standout features of North Surrey is its prime location. Nestled in the heart of the Greater Vancouver Area, North Surrey offers easy accessibility to major cities, making it a convenient place for both work and leisure. The well-connected transportation network, including major highways and public transit options, ensures that you can easily commute to downtown Vancouver or other neighboring cities without any hassle.

A Vibrant…

2894 Views, 0 Comments

Read Full Post

Welcome to North Delta, a vibrant and unique part of the Lower Mainland that offers a perfect blend of natural beauty, thriving communities, and modern amenities. Whether you're considering a move or just curious about what makes this area special, North Delta has something for everyone.

The Uniqueness of North Delta

What sets North Delta apart? Is it the lush parks and green spaces, the bustling community spirit, or perhaps the blend of modernity and tradition? Let's dive in and explore.

A Brief History of North Delta

Early Beginnings

North Delta's history is rich and varied, dating back to its early days as a farming community. The area's fertile land and strategic location made it a prime spot for early settlers.

Development Over the…

1225 Views, 0 Comments

Read Full Post