The Bank of Canada maintained its overnight rate at 5 per cent this morning.  In the statement accompanying the decision, the Bank noted that the Canadian economy has stalled since the middle of 2023 and that growth will likely remain flat until the second quarter of 2024. Slow economic growth has allowed supply to catch up to demand and the Bank now judges that the economy is operating with moderate excess supply. On inflation, the Bank expects inflation to remain close to 3 per cent in the first half of 2024 before gradually falling back to its 2 per cent target in 2025. However, the Bank cautions that while price pressure is falling across a broad number of CPI components, core inflation is not showing a sustained decline.  As such, the Bank is still…

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Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian economy, with inflation falling to 2.5% by the end of this year. While some economists predict a recession, the Bank suggests that "growth will likely remain close to zero through the first quarter of 2024" and "strengthen gradually around the middle of 2024." This would be a soft landing. 

While inflation ended 2023 at 3.4%, owing mainly to high and sticky shelter costs, "the Bank expects inflation to remain close to 3% during the first half of this year before gradually easing, returning to the 2% target in 2025. While the slowdown in…

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Welcome to the bustling real estate landscape of Vancouver! If you're looking to sell your home in this dynamic market, you're in for an exciting journey. This guide will walk you through the essential steps to ensure a fast and successful home-selling experience.

Understanding Vancouver's Real Estate Landscape

Before diving into the selling process, it's crucial to grasp the current trends and conditions of Vancouver's real estate market. Keep an eye on factors influencing property values, as this knowledge will be the foundation of your selling strategy.

Preparing Your Home for Sale

Before listing your property, invest time in effective home staging to maximize its visual appeal. Address common repairs and improvements to ensure potential…

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Welcome to the vibrant city of Vancouver, where natural beauty meets urban sophistication. In this article, we embark on a journey to explore the crème de la crème of real estate – the exclusive MLS listings that redefine luxury living in this picturesque Canadian metropolis.

Why Vancouver?

Nestled between mountains and ocean, Vancouver boasts a unique blend of natural beauty and urban sophistication. The city consistently ranks high in global livability indices, attracting individuals seeking a high quality of life. Vancouver's diverse neighborhoods, cultural amenities, and robust economy contribute to its desirability as a prime real estate destination.

Understanding MLS Listings

The Multiple Listing Service (MLS) is the heartbeat of the…

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Welcome to the bustling world of Vancouver real estate, where opportunities are as diverse as the neighborhoods themselves. In this article, we'll explore the current state of the market, the factors driving its growth, and why now is the perfect time for savvy investors to make their mark.

Current State of Vancouver Real Estate

The Vancouver real estate market is a dynamic landscape, constantly evolving and presenting new possibilities. Recent trends and statistics indicate a resilient market, making it an attractive option for investors looking for stability and growth.

Factors Driving the Market

The growth of Vancouver's real estate market can be attributed to various factors that contribute to its vibrancy. Economic expansion in the…

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Canadian housing starts rose 18 per cent to 249,255 units in December at a seasonally adjusted annual rate (SAAR). Starts were down 1 per cent from the same month last year. Single-detached housing starts fell 3 per cent from last month to 52,426 units, while multi-family and others rose 25 per cent to 196,830 units (SAAR). 

In British Columbia, starts jumped 58 per cent from last month to 62,458 units SAAR in all areas of the province. In areas in the province with 10,000 or more residents, single-detached starts fell 8 per cent to 4,559 units while multi-family starts leaped 71 per cent to 55,329 units. Starts in the province were 8 per cent above the levels from December 2022. Starts rose from last month by 19.5k units in Vancouver, 2.2k in Victoria,…

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Canada's headline inflation number for December '23 moved up three bps to 3.4%, as expected, as gasoline prices didn't fall as fast as a year ago. These so-called base effects were also evident in the earlier US inflation data for the same month.

Additional acceleration came from airfares, fuel oil, passenger vehicles and rent. Prices for food purchased from stores rose 4.7% yearly in December, matching the increase in November (+4.7%). Moderating the acceleration in the all-items CPI were lower prices for travel tours.

On a monthly basis, the CPI fell 0.3% in December after a 0.1% gain in November. Lower month-over-month price movements for travel tours (-18.2%) and gasoline (-4.4%) contributed to the monthly decline. The CPI rose 0.3% in December…

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Vancouver, BC –  January 15, 2024. The British Columbia Real Estate Association (BCREA) reports that 73,109 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2023, a 9.2 per cent decline from 80,506 units sold in 2022. The annual average MLS® residential price in BC was $971,144, a 2.6 per cent decrease from $996,943 recorded the previous year. Total sales dollar volume was $71 billion, an 11.5 per cent decline from 2022.
“The highest mortgage rates in over 15 years led to the slowest sales in a decade for BC,” said BCREA Chief Economist Brendon Ogmundson. “With mortgage rates falling to start the year and the potential for Bank of…

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Real estate in Vancouver has always been a hot topic, with its dynamic market and breathtaking scenery. As the demand for properties continues to soar, investors are on the lookout for hidden gems that promise great returns. In this guide, we'll navigate the intricacies of Vancouver's real estate landscape, exploring the roadmap to finding undervalued properties that could be your next lucrative investment.

Understanding the Vancouver Real Estate Landscape

Before diving into the quest for undervalued properties, it's essential to grasp the current trends and challenges shaping Vancouver's real estate market. The city's geographical constraints, coupled with economic factors, contribute to the ebb and flow of property values. Acknowledging these…

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Welcome to the dynamic world of Vancouver real estate, where trends are evolving rapidly, shaping the landscape for the next decade. In this article, we'll explore the key factors influencing the market, from population growth to technological advancements, and everything in between.

Population Growth Driving Demand

Vancouver's real estate market is closely tied to its growing population. As more people choose this vibrant city as their home, the demand for housing continues to rise, significantly impacting property values.

Sustainability and Green Living

The shift towards sustainability is transforming Vancouver's real estate scene. Green building certifications are not just a trend but a significant factor influencing property values. Buyers…

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