BC Housing and Mortgage Insights Newsletter March 15, 2024

Stay informed on British Columbia’s housing market with our weekly expert analysis. Whether you’re a prospective buyer, seller, or investor, we’ve got you covered! From the impact of flipping taxes to the likelihood of rate cuts, our insights will help you make informed decisions. Welcome aboard! Subscribe

Housing in Canada: A Key Piece in a Complex Puzzle

The economic situation in Canada has been challenging, impacting housing affordability. While housing interventions can provide short-term relief, a systemic view is needed to address broader socio-economic challenges.

Renting vs. Homeownership: Wealth Accumulation

Persistent unaffordability in Canada’s housing market is widening the wealth divide between renters and homeowners. Renters face financial strain, spending more than they earn, while homeowners save more. The chance of lower rates in 2024 may encourage prospective buyers.

Does British Columbia Really Need a Flipping Tax?

British Columbia plans to introduce a flipping tax on residential real estate held for less than two years. While exemptions exist for life situations, the impact on the market remains uncertain.

Canadian Home Building Intentions Are Worse Than 2019 Despite Gov Stimulus

Despite government stimulus, building permit values for new housing show minimal real growth and are worse than 2019 levels. Non-residential building intentions are recovering, but rising costs remain a challenge.

How Likely Is a Bank of Canada Rate Cut in June?

The Bank of Canada’s cautious approach suggests no immediate rate cuts, emphasizing the need for patience. While a first cut is forecasted for June, it’s not guaranteed. Prospective buyers should expect gradual rate declines.

Subscribe and receive the top insights without lifting a finger.

* indicates required

Please select all the ways you would like to hear from BorrowWithBonnie:

By subscribing, you consent to receive emails from BorrowWithBonnie.ca. You can unsubscribe anytime. We respect your privacy in compliance with CASL. Details:https://borrowwithbonnie.ca/Privacy-Policy.php

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Intuit Mailchimp



  •   I will come to you!
  •   We can meet at one of our several locations?
  •   Or perhaps a local coffee shop or business?
  •   (250) 300-4845 (Call or Text)


I love being a Mortgage Specialist in this beautiful Okanagan Valley.

My passion lies in creating strong, lasting relationships with my clients and their families. Talk to me about your hopes, dreams and goals. Provide me with transparency and I will provide you with the absolute best mortgage solution and rates to meet your needs.

~ Bonnie Thorlakson
Commitment, Achievement, Compassion, Caring and Passionate.

1999 - 2024© Bonnie Thorlakson
I make buying a home EASIER...        WS Terms | Policies | Credits