The Bank of Canada, this morning, released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its “effective lower bound” of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across the yield curve, the Bank will continue its Quantitative Easing (QE) program–buying…
Hope you are having a fantastic start of the year! If you are a Vancouver property owner, the deadline for the declaration of your Empty Homes Tax is on February 2, 2021. Make sure that you hit the deadline! Please note that the City’s Empty Homes Tax is separate from the provincial government’s Speculation and…
The December 2020 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West. Activity Snapshot by Property Type Detached Properties Report and Graph Condo Report and Graph Townhomes Report and Graph Benchmark Price Graph Average Price Per Square Foot If you are interested…
Motivated by low interest rates, last year people across the U.S. were on the move to wherever their telecommuting hearts desired. But will the trends continue in 2021? Those looking to buy or sell a home in early 2021 might want to keep in mind the three “I’s”: Interest rates, inventory and internet access (and…
Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent…
RE/MAX earned praise and recognition from Forbes, REAL Trends, Entrepreneur Magazine, HousingWire and more. We can all agree that 2020 was like one big FSBO deal: The year started out strong and then everything turned on a dime. Despite the pitfalls and uncertainties, RE/MAX agents powered through – many having their best professional years to…