March 2025 Stats - A Market made for Buyers is missing Buyers in GVRD
Posted on Apr 05, 2025 in GVR Monthly Market Report
Home sales registered on the MLS® in the Metro Vancouver* for the month of March were the lowest going back to 2019 for the same month, while active listings continue to their upward trend.The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totaled 2,091 in March 2025, a 13.4 per cent decrease from the 2,415 sales rec...
Buying Recreational Properties in BC Interior - Forecast
Posted on Mar 31, 2025 in Buyers
The recreational property market in the Central and North Okanagan regions experienced notable shifts in 2024, influenced by various economic factors. According to a report by Castanet, the national median price for single-family recreational homes declined by 4.5% year-over-year to $592,000. In contrast, condominium prices in recreational areas sa...What is the Disclosure of Representation in Trading Services (DORTS) Form?
Posted on Mar 25, 2025
The Disclosure of Representation in Trading Services (DORTS) form is a mandatory document in British Columbia real estate, designed to ensure clients fully understand their relationship with a REALTOR®.It outlines:- Representation Options: Whether they are represented as a client, receive limited services as a customer, or have no representation.
- Conf...
The Bank of Canada's Interest Rate Shift: What It Means for Home Buyers and Sellers
Posted on Mar 24, 2025 in Sellers
The Bank of Canada (BoC) is adapting its approach to setting interest rates in response to ongoing trade uncertainties, particularly those arising from recent tariff disputes with the United States and China. This marks a shift from traditional long-term economic forecasting to a more flexible and adaptable strategy, enabling the central bank to na...
Welcoming Spring in Your BC Garden: Tips for Homeowners
Posted on Mar 17, 2025 in Sellers
Springtime in British Columbia is a truly magical season. As the snow melts and the days grow longer, nature comes alive, offering homeowners the perfect chance to refresh their outdoor spaces and enhance curb appeal. Proper yard maintenance doesn’t just create a pleasant and inviting environment — it can also significantly boost your home’s value...
MARCH 12 2025 - BANK OF CANADA REDUCES RATES AGAIN!
Posted on Mar 12, 2025
In a significant move amid escalating trade tensions, the Bank of Canada has reduced its benchmark interest rate by 25 basis points, bringing it down to 2.75%. This marks the seventh consecutive rate cut by the central bank, aiming to counteract the economic uncertainties arising from recent U.S. tariffs on Canadian steel and aluminum. For prospecti...