Blog | Nelson, BC Real Estate - Robert Goertz, Valhalla Path Realty

Mortgage Rate Outlook

HIGHLIGHTS Stress test limiting impact of falling mortgage rates Canadian economy: Strong second quarter, but will it last? Bank of Canada on hold for now Canadian mortgage rates continued to decline in the third quarter as rising trade tensions between the United States and China fed growing fears of a global ...

Housing Demand Continues to Recover in August

The British Columbia Real Estate Association (BCREA) reports that a total of 7,093 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, an increase of 4.9 percent from the same month last year. The average MLS® residential price in the province was $685,575, an increase of 2.6 percent ...

BC Homes Sales Set to Normalize in 2020

BCREA 2019 Third Quarter Housing Forecast Update Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 5 percent to about 75,000 units this year, after recording 78,505 residential sales in 2018. MLS® residential sales are forecast to increase 11 percent to 82,700 units in 2020, just below ...

First-Time Home Buyer Incentive

As of September 2nd 2019, Canadians interested in the First-Time Home Buyer Incentive can submit their applications for a shared equity mortgage with the Government of Canada. For more information click here ...