BC Housing and Mortgage Insights Newsletter - December 13, 2023

A curated collection of insightful articles chosen for offering a comprehensive overview and expert analysis of the latest trends, predictions, and changes in BC's mortgage and housing sectors. Updated weekly, a great resourse whether you're a homebuyer, seller, or investor, each article chosen for the purpose of helping to equip you with the vital information needed to navigate this ever evolving market. Subscribe

Undeterred by affordability challenges, consumer confidence in home ownership as an investment remains steady year-over-year

Housing market conditions are anticipated to be varied in ... market and Metro Vancouver, BC and Regina, SK foresee continuing balanced conditions.

Home sales fall for fifth straight month in the Fraser Valley

The Fraser Valley real estate market continues to cool, with a decrease in home sales and new listings, leading to a holding pattern in the market.

S&P cuts Canada’s GDP forecast

Canada’s economic outlook has dimmed, with momentum slowing rapidly in recent months, says S&P Global Ratings.

Vancouver home sales rise amid ‘balanced’ market as newly-listed properties add to supply

The Real Estate Board of Greater Vancouver reported an increase in home sales and a large selection of properties for prospective buyers, indicating a balanced market.

Latest Mortgage Rate Outlook in Canada for December 2023

The Bank of Canada holds its Policy interest rate at 5.00%, with predictions of rate cuts in 2024, which could influence borrower decisions.

Housing Laws and Political Shifts: British Columbia's Legislative Session Concludes

British Columbia's Legislature concluded its fall session with the passage of several housing-focused laws, amidst the rise of the Conservative Party and upcoming elections.

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