Category: Uncategorized
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Understanding Your Options for Mortgage Flexibility
Breaking a mortgage means paying it off early, changing terms, or ending the contract, often incurring penalties. Open mortgages have no fees, but closed fixed-rate mortgages require paying three months' interest or the interest rate differential, whichever is higher. Variable-rate mortgages usually incur a three-month interest penalty. Additional fees may apply. Strategies to reduce penalties…
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Canadian Homebuyers Regain 2026 Confidence
Data shows one in ten Canadians plan to buy within twelve months, half first-time buyers, signaling renewed confidence nationally. Buyer demand is stabilizing as rates ease and listings rise across most regions, shifting markets toward balance after 2024 conditions. Affordability pressures persist despite improving sentiment, with prices, stress tests, down payments, and cautious buyers still…
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Canada Housing Recovery Expected 2026
Home sales expected to slowly recover as 2026 begins, rebounding from current trade uncertainty. Borrowing rates likely remain near current levels, encouraging more buyers to enter the market. Economic clarity from potential US-Canada trade deals could accelerate housing demand in 2026. Core inflation stability may keep mortgage rates steady, supporting gradual market recovery next year.…
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Residential property values largely increase across Cariboo in 2026
In 2025, property values increased in nearly all Cariboo region areas. Single-family home values rose by 2-14% in most districts, except 100 Mile House, which saw no change. Strata properties in Williams Lake increased by 1%. Overall property classes in Cariboo saw a 4.81% average value increase. Top-valued properties include acreages and lakefront homes exceeding…
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Is 2026 Canada’s Year for Modest Home Growth?
Slide 1: Canada’s housing market eyes modest growth in 2026 as inventory slowly normalizes. Slide 2: National home sales expected to rise 3.4%, rebounding after widespread 2025 declines. Slide 3: Rate sensitivity matters: 23% ready to buy if BoC cuts 0.5–1%. Slide 4: Younger buyers prioritize transit and commute flexibility, shaping housing choices in 2026.…
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2026 Canada Housing: Waiting Game Nears Turning Point
Sales Stalemate: Home resales have remained flat since mid-2025 as buyers and sellers wait each other out, muting fall market activity. Price Pressure: National prices have slipped, down 3.7% yearly, with softness concentrated in Ontario, British Columbia, and parts of Alberta. Regional Divide: While major markets like Toronto and Montreal cooled, cities such as Vancouver,…
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Will Canada’s Housing Recovery Stick?
CREA now expects a slower-than-hoped recovery, revising its 2025 forecast to 473,093 sales, a 1.1% drop from 2024 due to buyer caution amid tariffs and economic uncertainty. National average prices are projected to dip 1.4% to ~$676,700 in 2025, with BC and Ontario declines outweighing 4%–8% gains in most other provinces. Activity has been gradually…
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Canada’s Housing Market Poised for New Opportunities
Canadian homebuyers are cautious amid economic uncertainty, leading to stagnant home resales since July and a slight price decline of 3.7% year-over-year. Price drops are mainly in Ontario, British Columbia, and Alberta, where buyers have more options. New listings have decreased, potentially stabilizing prices. Some regions like Saskatchewan and Quebec see rising prices. Despite recent…
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BC Housing: End-of-Year Dip Masks 2026 Boom
B.C. posted upside resale surprises despite affordability pressure lingering. Sales dip about 4% by end-2025 before momentum flips. Strong rebound forecasted: sales jump 18% in 2026. Another 10% sales gain follows in 2027, slower but healthier. Prices recover gradually, rising about 4% annually post-reset.
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Burnaby Advocates for Tailored Housing Density Solutions
Burnaby is resisting B.C. government mandates to increase housing density, proposing limits to four units on smaller lots and requiring parking spots. The mayor argues against a one-size-fits-all approach, emphasizing community involvement. However, some residents support more housing options, warning that slow progress won't address the rental and affordability crisis. Continue to full article