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Hey friends, Before we dive into the full market update, I want to highlight one of the most interesting buyer profiles that’s winning big right now: the upsizer. We’re seeing detached home prices in places like South Surrey down over $430,000 from the peak. Meanwhile, condos in the same area? They’ve only dropped about $60,000. That same trend holds…
Hey friends, Before we dive into this month’s real estate stats, let’s take a quick reality check. Title: “A Brief History of Housing Corrections” – from BMO Economics(Shows how long past Canadian housing downturns have lasted — some over a decade.) People love to say, “real estate always goes up.”But history tells a different story.…
Hey friends — buckle up. We’re halfway through 2025 and if you were holding out hope for a soft landing… that ship has sailed. We’re now staring down the barrel of record-high inventory, record-low sales, a weak economy, and a trade war that escalated even further (think David vs. Goliath — lol). Let’s start with…
Let’s be real—Canada’s not winning this trade war. The U.S. is throwing down hard with tariffs, and our response is looking weak and pretty much ineffective. It’s a one-sided battle, and Canada’s attempts to counter-tariff have been way too little, way too late. What’s Changed Since Last Month? March was about speculation. April is about…
Here’s What You Need to Know. We’re already a week into March, and while last month’s discussions revolved around speculation, we’ve now entered the reality phase of the Trump Tariffs—where policy has turned into action, and Canada is responding in kind. Tariffs & Their Impact on Canadian Real Estate – What’s Changed?Last month, Trump’s tariffs…
I hope you all had a fantastic Family Day long weekend, whether you spent it with family, friends, or just enjoying some well-deserved downtime! While last month, much of the conversation was focused on the new mortgage rules and their impact on the housing market, this month, that discussion has been pushed aside for a far more pressing issue: Trump…
Hey Friends and Clients! I hope you all had an amazing Christmas, New Year, and holiday season! January is starting off strong with a rush of inventory hitting the market and higher sales volume in the first two weeks compared to the last two weeks of December. While interim numbers are difficult to measure fully, it…
Hey Friends and Clients! I hope you all had an amazing November and are off to a great start this December! December is shaping up to be an eventful month, with some major changes on the horizon. On December 15th, new government policies will allow people to borrow more money than ever before, holding record-high debt…
Hey Friends and Clients! I hope you all had an amazing October and a great start to November! I wanted to wait to send this update so I could gather as much data as possible, especially with some changes in how the stats are being collected—more on that later, but nothing to worry about for…
🚨 Massive Changes to Down Payments & Mortgages Coming Dec. 15! 🚨 For years, if you wanted to buy a home priced over $1 million, you needed to bring a flat 20% down payment—no exceptions. But the rules are changing, and here’s what’s happening: 💰 Before Dec. 15: Any home over $1 million = 20%…
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