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BCREA forecasts housing activity in Northern BC to remain flat in 2023. The region is predicted to have 3,600 unit sales this year, ↓ 16% yearly. Economists expect prices in Northern BC ↑ 4.8% in 2024 after a flat 2023.

First-time homebuyers can take advantage of mortgage options that require little money down to become homeowners sooner. The national average home price is $650,140, so the minimum down payment would be $40,014. If the down payment is less than 20%, mortgage loan insurance from one of three lenders is required. If the down payment is…

British Columbia is one of Canada's most expensive rental markets. A recent Statistics Canada study revealed that 7 in 10 Canadian renters have water and municipal services included in their rent. ~33% of renters receive electricity, and ~50% do not pay extra for parking.

BC housing construction facing downturn amid escalating challenges.Banking institutions' hesitancy further complicates construction financing. Rising costs for building materials and mortgage rates hinder new projects.

BC initiated Budget 2024 consultations, gathering recommendations on housing and related issues. Housing supply and affordability concerns led to suggestions for incentives, better coordination, and data access. Rental housing recommendations included means-tested support, pet-friendly housing, and senior housing improvements.

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

BC's Housing Minister Ravi Kahlon has confirmed that the province will introduce new legislation in the fall to take a bigger role in addressing short-term rentals. This comes in response to a McGill University study which found that British Columbia's renters are paying 20% more than they should due to the impact of short-term rentals.…

Housing affordability declined in August across Canadian provinces except British Columbia. British Columbia is the only province where affordability improved slightly. Buyers in BC still require ~$200K in annual income to qualify under the federal stress test.

This article reviews the best 10-year fixed rate mortgages in Canada for 2023. We reviewed 100 mortgage lenders that do business both online and in-person throughout Canada, and the lenders we reviewed represent some of the largest mortgage lenders by volume in Canada. Locking in your mortgage at a competitive interest rate for an extended…

RBC reports strong initial interest in the FHSA program for tax-free down payment savings. Since April 1, tens of thousands of Canadians, primarily aged 25-34, have opened FHSA accounts, with 56% being younger clients.