September 2021

BC Realtor® - Real Estate Agent - Cell Phone Plan

Posted on Sep 22, 2021 in Also in the news

BC Realtor & Real Estate Agents Cell Phone PlanDid you know that BC Realtors & Real Estate Agents in BC have access to an exclusive phone plan that can save you huge amounts on your monthly cell phone bill?

You'll still be on the amazing Rogers network, and can take advantage of all the regular features, like Roam like home and much much more.

Here are the details - and how to sign up!

No contract...

Read More

Mortgage Rate Forecast September 2021

Posted on Sep 21, 2021 in Economics

HighlightsMortgage Rate Forecast

  • Delta variant of COVID-19 drives global bond yields lower
  • Canadian economy unexpectedly contracts in the second quarter
  • Bank of Canada on hold a little longer? 

Mortgage Rate Outlook

It was another quiet quarter in the Canadian mortgage market. Canadian five-year fixed rates moved essentially sideways over the summer as optimism about the end...

Read More

Canadian Housing Starts (August 2021)

Posted on Sep 16, 2021 in Economics

BC Real Estate - Housing StartsCanadian housing starts declined for the third consecutive month in August, but remain elevated by historical standards. Housing starts decreased by 10.5k to 260.2k units (-3.9% m/m) in August at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were roughly unchanged from August of 2020 (-0.5% y/y). Single-detached housing...

Read More

Annual Inflation In August Rises to 4.1% in Canada--But Are We Close To The Peak?

Posted on Sep 16, 2021 in Economics

Consumer Price Index - CanadaToday's release of the August Consumer Price Index (CPI) for Canada posted another uptick in the year-over-year (y/y) inflation rate, but hidden in the details was some support for the Bank of Canada's position that the spike in inflation is transitory. The Bank has long suggested that the rise in prices will prove to be the result of base effects...

Read More

Canadian Employment (August 2021)

Posted on Sep 15, 2021 in Economics

Canadian Employment NumbersCanadian employment grew for the third consecutive month in August, rising by 90,000 to 18.97 million (0.5%, m/m). Most Canadian jurisdictions had fully implemented public health reopening plans by the time Statistics Canada conducted surveys, while tourists from the United States were allowed to enter Canada without quarantining for the first time...

Read More

5 Mortgage Approval Roadblocks You Should Know About

Posted on Sep 11, 2021 in Mortgage News

Vancouver Real Estate - Mortgage ApprovalWhen buying a home, there is nothing worse than having your mortgage broker or lawyer call and say “there is a problem”. If you have found your dream home and negotiated a fair price, and you have supplied all the documentation to your broker, you probably assume everything is fine.

The reality is that your financing approval is based on the informa...

Read More