Category: Uncategorized
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Understanding Negative Amortization on a Mortgage: Common Ways It’s Addressed
Negative amortization occurs when mortgage payments don’t cover the interest owed, causing the loan balance to increase. It can happen with certain variable-rate or interest-only mortgage structures, depending on the terms. In general, it may be addressed by adjusting payment amounts, changing the loan’s rate structure, refinancing, modifying loan terms, or speaking with a qualified…
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Despite falling prices B.C. needs more homes to boost affordability
House prices in British Columbia fell 9.1% from 2022 to 2025 but remain 35.7% higher than in 2019, posing affordability challenges. Homebuilding dropped 4.7% in 2025 due to restrictive land-use policies, zoning rules favoring single-family homes, lengthy municipal approvals, and high charges on new units. These factors limit housing supply and keep prices high. Easing…
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Canada’s Real Estate Statistics Update
Canada’s national average home price in 2026 projected at $720,000–$740,000, ↑3–5% YoY. Housing market growth in 2026 expected to be moderate and steady nationwide. Home sales volumes forecast to rise slightly, reflecting stable interest rates and ongoing demand. Price growth driven by supply constraints and population increases across the country. National market remains affordable relative…
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2026 Starts Slow: Housing Split Widens?
2026 housing plot twist: national prices dipped 2% in early 2026, vibes shifting. Condos slid hardest, inventory piling up, buyers totally fatigued. Single-family homes dipped too, just not as dramatically. Hidden signal: shrinking supply quietly fuels price momentum. CMHC flags affordability plus stable jobs as 2026 price drivers.
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Mortgage Basics for First-Time Homebuyers: Understanding the Landscape
First-time homebuyers often start by learning what pre-approval is and how it can help clarify a price range and show readiness when making an offer. Interest rates can impact mortgage costs; fixed rates may offer stability, while variable rates can change over time. It can help to review overall financial health, map out a budget…
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Fraser Valley Buyers Enjoy More Choices as Sales Slow
Home sales in parts of Metro Vancouver and the Fraser Valley rose over 32% from January but fell 8.4% year-over-year. The area remains a buyer’s market with a sales-to-active listings ratio of 10%, below the balanced market range of 12-20%. Inventory is 51% above the 10-year average. Prices declined, with single-family homes down 8.6%, townhomes…
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What Would a 2026 Housing Recession Look Like in Canada?
In a mild recession, CMHC predicts 480,000 homes sold at $693,000 average. Housing starts are projected at 247,000 in 2026, down from 259,000 in 2025. Housing starts under recession scenario will fall to 243,000, reflecting softer market conditions. In a recession, home prices are expected to dip modestly — about $5,000 or less — not…
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Canada Market Outlook Improving When?
Canada sales rise from 470,314 (2025) to 494,512 in 2026, a 5.1% increase, signalling recovery momentum. By 2027, sales reach 511,966, adding another 3.5%, exceeding pre-slowdown activity levels. Average prices climb 2.8% in 2026 to $698,881, reversing the -1.1% decline in 2025. In 2027, prices advance 2.3% to $714,991, reflecting balanced growth, not speculative acceleration.
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Real Estate Agent Tips for Top-Notch Service
Exceptional real estate service hinges on trust, open communication, integrity, empathy, and problem-solving skills. Agents should personalize solutions, stay updated on market trends, and maintain transparency to build client satisfaction. Effective multi-channel communication, timely responses, and accountability are vital. Client feedback and collaboration with professionals further enhance service quality, ensuring informed decisions and positive experiences.…
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Can Canada Double Housing Starts to Fix Affordability?
Canada’s January housing starts fell to ~238K, below the ~257.5K forecast. Starts declined 15% MoM, with non-seasonally adjusted starts down 3.5% MoM. 2025 total starts reached 259,028 units, up 5.6% yearly, led by rentals. December posted a strong rebound, but momentum faded late in Q4. CMHC says 430K–480K annual starts are needed to restore affordability.