Latest News

Home Buying Trends Survey

Posted on Aug 16, 2018 in Market Stats

There’s an entire home improvement industry that can help you figure out how to spruce up your house and how to prevent potential homeowner disasters. But we wanted to know which of those investments are worth the time and energy. That’s why, in the summer of 2017, CENTURY 21 Canada® surveyed more than 1000 agents for our Home Buying Trends Survey...

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Real Estate & Wildfire Season 

Posted on Aug 14, 2018 in Real Estate News

Insurance and Wildfires:

As we move further into summer, the smokey haze has become a common backdrop invading the scenic blue skies over the last few years. As of August 14, 2018 more than 600 active fires were burning throughout BC, with evacuation orders and alerts impacting hundreds of properties. From a real estate perspective, it’s important f...

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New Mortgage Qualification Rules Temper Housing Demand

Posted on Mar 14, 2018 in Real Estate News

Vancouver, BC – March 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7 per cent decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8 per cen...

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Fixed Mortgage Rates are on the Rise

Posted on Jan 13, 2018

Two major Canadian banks, RBC and TD and more recently, CIBC, increased their fixed-rate mortgage rates on Thursday. This increases RBC’s posted five-year fixed mortgage rate from 4.99% to 5.14% and their special offer rate for a five-year fixed with a 25-year amortization from 3.39% to 3.54%. Future increases in these bank rates, the Bank of Canad...

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Princeton Real Estate Year in Review 2017

Posted on Jan 10, 2018

A Personal Reflection:

Princeton’s hot real estate market continued for 2017, driven mostly from a frantic lower mainland that’s literally bursting at the seams and spilling into BC’s South interior.

It’s been amazing to see a market in the lower mainland that was so strong and positive in growth, that has now turned into a negative force of nature a...

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New Mortgage Rules For 2018

Posted on Dec 12, 2017 in Mortgage Information

Brenda Upton from Dominion Lending Centres breaks down the new changes to the mortgage space:

Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage (Including non insured mortgages) must now prove that they would be able to cope with interest rates substantially higher than their contract rate by using a new minimum qualifying rat...

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