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In its final meeting of 2025, the Bank of Canada cut its key interest rate by 0.50%, the 5th consecutive reduction this year since the cycle of interest rate easing began in June.  This also marks the 2nd “jumbo” cut of 0.50% in a row and brings the total cuts so far to 1.75%.Most economists had expected this cut after Statistics Canada reported the unemployment rate jumped to 6.8% last week, ...

So, the numbers are out, so lets take a look at whats been happening in our home town of Richmond BC for the month of NovemberFor single family homes, it was a benchmark price of 2.11M, which represents a almost a 2% decrease from last yearBoth sales and new listings are also down and likely to be the same inventory going into december.   Sales ratio for homes is at 14%, (balanced market). N ...

SO im here at my latest listing in Langley City, so lets talk about why Langley city is a great option for the first time buyer.1. Central city location without the central city pricing.  The Langley City neighbourhood is the main city centre of Langley.  YOu've got Willowbrook Mall, many restaurants and cool things to see in downtown langley, as well as Cascades Casino!  And you get all this ...

  Buyer demand surges in October After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver* home sales surged more than 30 per cent year-over-year in October. The Greater Vancouver REALTORS® (GVR) reports that residential sales2 registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 ...

I just finished uploading this Apartment/Condo for sale, 402 402 20750 DUNCAN WAY, Langley, BC Welcome to Fairfield Lane! Popular ONE BEDROOM AND DEN layout in the quiet side of Central Langley nearby everything that Langley City has to offer. Spacious 686 square foot layout with no wasted space with upgrades to the floor and appliances. Other features include natural gas fireplace (included ...

So, the numbers are out, so lets take a look at whats been happening in our home town of Richmond, BC For single family homes, a benchmark price  of 2.135M  represents a 1% drop since 12 months ago.  However, the amount of sales almost doubled since September, with a 29% sales ratioAnd...if it was a home less than 1.75M, it was almost certain that it would be selling within the month.Most ...

Winterize your home 1Protect the patio.Bring in or, at least, cover up tables, chairs, and grill. “Any kind of aluminum patio furniture has the potential to rust, even if it’s painted,” says Shane Segur, the store manager of Home Depot in Toledo, Ohio. While you’re out on the patio, drain water out of garden hoses and stow them in a warm place. Otherwise, the water can freeze, weaken the lin ...

So, if you're lookin to list your property and have a certain price in mind (which may be above market value), the one thing you need to understand is the buyer's thought process.Now, even though our ultimate goal is to sell the property, our short term goal is to bring people into the property to show.  However, a buyer's decision to see a properrty goes through a thought process before dec ...

The federal government has just unveiled a new mortgage refinancing program to help homeowners build additional living spaces, such as basement apartments or converted garages.Starting in January 2025, this insured refinancing option will make it easier to create rental units and, in turn, help homeowners manage rising mortgage costs. A similar program was available until 2016 but was phased ...

  Buyers remain cautious to begin the fall market Home sales registered on the MLS® in Metro Vancouver1 declined 3.8 per cent year over year in September, suggesting recent reductions in borrowing costs are having a limited effect in spurring demand so far. Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,852 in September 2024, a 3.8 per ...