All eyes were on The Bank of Canada last month as they cut interest rates by 25 basis points again during their July 24th meeting, thereby taking the overnight policy rate down to 4.5%.

We believe that owing to a sustained deceleration in inflation, the central bank will continue its monetary easing at the September and December meetings and well into next year.

The policy rate will likely fall to 2.75% next year, reducing the burden of higher monthly mortgage rates on renewals in the next 18 months.

The influx of roughly 2 million immigrants to Canada has raised overall consumer spending, averting a recession this year, but GDP per capita continues to decline.

Labour markets continue to soften as job vacancies have fallen sharply, and the…

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More Selection Not Translating to More Transactions

VANCOUVER, BC – August 2, 2024 – Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver housing market.

On the demand side, the Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5 per cent decrease from the 2,455 sales recorded in July 2023. This was 17.6 per cent below the 10-year seasonal average (2,831).

“The trend of buyers remaining hesitant, that began a few months ago, continued in the July data despite a fresh quarter percentage point cut to the Bank of Canada’s policy rate,” Andrew Lis,…

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Cool Summer Market Persists in Fraser Valley with Second Slowest July Sales in a Decade

SURREY, BC – Sluggish seasonally-adjusted sales and a continued rise in inventory have the Fraser Valley market slowly shifting to favour buyers.

The Fraser Valley Real Estate Board recorded 1,230 sales in July, down by seven per cent over last month and down by 26 per cent over the 10-year seasonal average.

Inventory levels in the Fraser Valley reached a 10-year seasonally adjusted high in July with active listings at 8,731, up 5 per cent over June and 41 per cent higher than July 2023.

“Amidst an overall balanced market, some REALTORS® are experiencing pockets within the Fraser Valley that favour buyers, where prices have come down,” said Jeff Chadha,…

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Are you in search of the perfect condo in West Vancouver? This beautiful area is known for its breathtaking views, vibrant community, and luxury living. Let’s dive into some of the top condos for sale in West Vancouver that could be your next dream home.

Prime Location: West Vancouver

West Vancouver offers a blend of natural beauty and urban convenience. Living here means enjoying stunning waterfront views, close proximity to parks and trails, and easy access to top-notch amenities such as shopping centers, restaurants, and schools. Whether you’re a young professional, a growing family, or looking to downsize, West Vancouver has something for everyone.

#1104 555 13th Street, West Vancouver, BC

Features and Specifications

  • MLS® #:…

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Canadian real GDP grew 0.2 per cent in May, following a 0.3 per cent increase in April. The growth was driven by goods-producing industries (+0.4 per cent), in which 4 of 5 sectors grew, led by manufacturing (+1 per cent) and agriculture, forestry, fishing and hunting (+0.9 per cent). However, the mining, quarrying, and oil and gas extraction sector contracted by 0.6 per cent in May, entirely driven by a 2.1 per cent decrease in the oil and gas extraction subsector. Service producing industries grew by 0.1 per cent, with both retail trade and wholesale trade contracting by 0.9 per cent and 0.8 per cent, respectively. Finally, the GDP for the offices of real estate agents and brokers grew by 0.17 per cent in May. Preliminary estimates suggest that output…

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Welcome to Vancouver, a vibrant city bustling with cultural diversity, natural beauty, and a calendar full of exciting events. Whether you're a local or a visitor, there's always something happening in this beautiful city. Let’s dive into the best 5 events that you absolutely cannot miss when you’re in Vancouver!

The PNE Fair

History and Significance

No single location in Vancouver captures the spirit and history of this city, its people, and its many achievements like the Pacific National Exhibition (PNE). Since 1910, millions of guests have enjoyed shows, exhibits, sporting events, amusement rides, concerts, cultural activities, and, of course, the annual summer Fair at the PNE.

Key Attractions and Activities

From thrilling rides to…

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Welcome to Yaletown, one of Vancouver's most vibrant and trendy neighborhoods! If you're planning a visit, you're in for a treat. Yaletown offers a mix of urban charm, stunning waterfront views, and a plethora of activities to keep you entertained. Here are the top 5 must-do activities in Yaletown that you absolutely cannot miss.

Explore the Vancouver Aquarium

Located in the heart of Stanley Park, just a short drive from Yaletown, the Vancouver Aquarium is a must-visit for anyone interested in marine life. This popular attraction showcases local and exotic aquatic creatures, with a strong emphasis on conservation and education.

Unique Exhibits

From playful sea otters to majestic jellyfish, the Vancouver Aquarium boasts a variety of unique…

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If you're on the hunt for a new place to call home, Burnaby's condo market is buzzing with excitement. With its modern amenities, prime location, and growing demand, Burnaby is quickly becoming a top choice for homebuyers. But why exactly should you consider a condo in Burnaby? Let's dive in and find out.

Why Condos in Burnaby are a Great Investment

Growing Demand in Burnaby

Burnaby's real estate market has been on a steady rise, and condos are at the forefront of this growth. The demand is fueled by the city's vibrant community, excellent schools, and easy access to downtown Vancouver. Investing in a condo here means you're tapping into a market that's only going to get hotter.

Modern Amenities and Infrastructure

Condos in Burnaby come…

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Welcome to Burnaby, the third largest city in British Columbia! Nestled between Vancouver and New Westminster, Burnaby offers a delightful mix of natural beauty, cultural heritage, and modern amenities. Whether you're a resident or a visitor, there's always something exciting to do. Let's dive into the top 5 must-do activities in Burnaby that will make your visit unforgettable.

Explore Burnaby Mountain Park

Burnaby Mountain Park is a paradise for nature lovers and adventure enthusiasts.

Hiking Trails

The park boasts an extensive network of hiking trails that cater to all skill levels. Whether you're a seasoned hiker or a casual walker, you'll find a trail that suits your pace. The trails wind through lush forests, offering breathtaking views…

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Welcome to East Vancouver, a vibrant and diverse region within the city of Vancouver, British Columbia. This area offers a unique blend of attractions, from natural beauty to cultural landmarks and bustling neighborhoods. Whether you're a local or a visitor, there's always something exciting to discover in East Vancouver.

Queen Elizabeth Park

Breathtaking Views

Queen Elizabeth Park is a stunning urban park that provides breathtaking views of the city skyline. Situated at the highest point in Vancouver, it's the perfect spot for panoramic photos and a relaxing day out.

Bloedel Conservatory

Within Queen Elizabeth Park, you'll find the Bloedel Conservatory, a domed paradise filled with exotic plants and birds. This indoor garden is a…

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