Category: Uncategorized
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Here’s the latest North Delta real estate stats
The Fraser Valley real estate market favors buyers with abundant inventory, softer prices, and more time to decide. Home sales dropped over 20% from the previous month and 13% year-over-year, remaining 36% below the 10-year average. Benchmark prices for single-detached homes, townhouses, and condos in North Delta declined compared to last year, encouraging more buyers…
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RBC Forecasts Relief Ahead as Canadian Rents Continue to Ease
Rents fell in half of Canada’s major cities, with Toronto and Vancouver seeing average two-bedroom prices drop by $160–$270 yearly. Weak labour markets, especially in Ontario’s manufacturing regions, are driving renters to double up, move home, or leave the market entirely. Lower immigration and rising rental supply are further reducing demand, pushing landlords to offer…
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B.C. Housing Set for 2026 Bounce
Provincial home sales are expected to drop 2.2% in 2025, then rebound 10.7% in 2026, according to B.C. Real Estate Association. Prices are projected to stabilize, with modest growth of 1–2% next year. Experts highlight that increased sales and stable pricing may encourage more activity in the provincial housing market. Market recovery in 2026 could…
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Canada’s 2035 Housing Crunch Forecast
CMHC warns Canada must double housing starts from ~250,000 to 480,000 yearly by 2035 to meet demand and improve affordability. Major obstacles include labor shortages, high building costs, market stagnation, immigration gaps in skilled trades, and bureaucratic delays discouraging development. At current pace, Toronto’s average home price will jump 62.6% to $1.95M by 2035, while…
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Will Canada’s Housing Market Dip in 2026?
Home resales are projected to rebound 7.9% in 2026 to 504,100 units, yet remain slightly below pre-pandemic averages due to lingering market constraints. National home prices are expected to decline 0.7% in 2026, with Ontario and B.C. experiencing the steepest drops due to high inventory and strong seller competition. Affordability improves as interest rates stabilize,…
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CREA Cuts 2025 Forecast Despite Recent Sales Uptick
CREA projects 2025 home sales ↓ 3% to around 469,503 due to econ uncertainty and trade risks. Avg home price forecast ↓ 1.7% to $677,368, led by ON and BC declines. New listings ↓ while inventory remains ↑ YoY, creating mixed market conditions. The revision reflects ongoing economic uncertainty and trade-related risks, which continue to…
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BoC Holds Rates: What It Means for You
The Bank of Canada is keeping its key lending rate at 2.75%. Your loan and mortgage rates won’t rise—for now, your payments stay the same. If you’re house-hunting, affordability remains tight but could improve later in 2025. No change in borrowing costs means it’s still smart to shop around for better terms. Relief may be…
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The Most Brilliant Way to Pay Off Your Mortgage in Canada
Paying off a mortgage faster in Canada can be achieved through lump sum payments, accelerated biweekly payments, and refinancing to lower interest rates. Lump sums reduce principal and interest, often allowed up to 10-20% annually without penalties. Biweekly payments add an extra monthly payment yearly, shortening the loan term. Consulting a mortgage broker and using…
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Canada’s Construction Costs Surge to 2X Inflation Rate
Q2 construction costs ↑ at 2x BoC's 2% inflation target. Home building costs grew 1.0% in Q2, up 3.7% since last year. Non-residential costs jumped even more: 1.6% growth in Q2, 4% yearly increase. Big cost drivers? Plumbing (+3.7%), HVAC (+3.0%), utilities (+2.9%), and steel (+2.7%). Tariffs & labour crunch are pushing prices up and…
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British Columbia Crash or Rebound 2025–2026?
BCREA forecasts a small decline in 2025 home sales (-1.1%), followed by a robust +8.8% rebound in 2026—indicating a V-shaped recovery. RBC expects price declines into 2026 due to high inventory, especially in BC and Ontario. Regional divergence will persist—mountain, interior markets may differ from Vancouver-area dynamics. Outlook emphasizes short-term cooling followed by recovery in…