September 2020

Home Prices to Drop

Posted on Sep 24, 2020

Home prices to drop, new report predicts — and even Toronto and Vancouver won't be immune

Moody's predicts prices for all housing types to fall more than 7 per cent

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CMHC to Get New Name, Maybe 'Housing Canada'

Posted on Sep 22, 2020

By: Steve HueblWhat’s in a name? Well, in the case of the Canada Housing and Mortgage Corporation, “mortgage” likely won’t for much longer.The housing agency announced last week that it will be undergoing a rebranding in the coming months to better reflect its mandate. CEO Evan Siddall says the current name overemphasizes homeownership financing an...

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Why real estate prices continue to climb despite the pandemic 

Posted on Sep 20, 2020

Mark Ting, CBC's finance columnist, on the connection between unemployment, government aid, and real estate

A crane is seen at a condo development under construction as condo and office towers fill the downtown skyline in Vancouver, B.C., on Friday March 30, 2018...

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Can a Real Estate Deal Fall Through Due to COVID-19?

Posted on Sep 17, 2020

*Courtesy of the Remax Blog

5 Frequently Asked Questions About Real Estate Agreements During COVID-19*

*This article was written by Mark Weisleder of LLPIn the wake of COVID-19 there has been a lot of uncertainty—this fragility has extended to the housing market as many were either mid-deal, planning on buying or selling, or had...

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September Market Update

Posted on Sep 10, 2020

Welcome to September!

Wow that was one HOT summer housing market in the Fraser Valley!! In White Rock and South Surrey specifically, detached home sales were up 86.4% over August 2019, townhouses sales were up a whopping 102.2% and condos were up 23.8%.

Currently the supply just can't meet the current demand and in some cases homes are receiving mult...

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