January 2024

What's Next for Mortgage Rates?

Posted on Jan 31, 2024


Annnnnnnnd.....nothing happened at the Bank of Canada rate announcement today (January 24th, 2023). It's not a big surprise to anyone right now that the Bank of Canada held their policy interest rate at 5%. In their fourth pause in row, the bank is cautiously treading water until they can see a meaningful reduction in inflation or need to react to...

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Province pays $1.3M to speed up new North Shore housing

Posted on Jan 24, 2024


The three North Shore municipalities are getting more than $1.3 million from the province to speed up the delivery of new housing.

Housing Minister Ravi Khalon announced grants of $431,057 to the City of North Vancouver, $563,354 to the District of North Vancouver and $350,807 to the District of West Vancouver, Thursday, part of a $51-million fund b...

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36-unit rental apartment project in North Van approved for Maplewood

Posted on Jan 17, 2024


A 36-unit rental apartment is coming to Maplewood.

District of North Vancouver council approved the five-storey mixed-use building at the corner of Old Dollarton Road and Seymour River Place Jan. 8.

The project, which will be built on the site of an older existing commercial building, will include six commercial units on the ground floor with 36 rent...

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Metro Vancouver housing market shows resilience in 2023, ending the year in balanced territory 

Posted on Jan 08, 2024


Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 26,249 in 2023, a 10.3 per cent dec...

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B.C. property assessments show home values have stabilized after years of big gains

Posted on Jan 03, 2024


In the Lower Mainland, average home values have changed between minus five to plus five percent.

The assessed value of properties in B.C. has stabilized on average, with some outliers such as Lytton, Haida Gwaii and Tumbler Ridge recording big jumps in worth.

According to statements released Tuesday by the B.C. Assessment Authority, property values a...

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