January 2023 Fraser Valley Real Estate Market Insights Welcome to the January 2023 episode of the Fraser Valley Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and Brittany Reimer. Watch the video to understand the latest macroeconomics, pre-sale, and resale trends over the

Vancouver is a city where residents are facing sky-high real estate prices, yet it also boasts the highest percentage of households without mortgages in Canada. According to recent data from Statistics Canada, an incredible 50% of Vancouver owner households are mortgage-free. The region is a hotbed

It may come as no surprise that construction costs play a significant part in determining house prices, representing over a third of the costs that factor into a development. The fourth quarter of 2022 saw a 1.0% increase in residential building construction costs across Canada, while non

INTERIOR JANUARY MARKET STATS Like in the Lower Mainland, rising interest rates have caused a decline in demand and impacted the post-pandemic market gains across markets in the Interior region of BC. We expect the trend to persist in 2023 as market activity slows and buyers and sellers negotiate

JANUARY PRE-SALE REAL ESTATE MARKET INSIGHTS “The Lunar New Year sales sprint this year in the presale market did not disappoint – with several programs offering aggressive incentives and reporting strong resulting absorptions to match. Many buyers are now actively re-entering the market and

The recent increase in key lending rates has sparked major concerns among Canadians, particularly those looking to buy a home. The housing market in Canada is facing challenges, but the Bank of Canada's recent announcement about a potential pause in the rate cycle may lead to normalized conditions

The wild ride that was in 2022 is now in the rearview mirror. Yet, 2023 is a place of hope for many industry participants and hopeful homebuyers. The coming weeks will see the release of our annual MLA Intel report, an examination of current market trends and their relation to fundamentals that

What 2022 Brought Forth in the Central Okanagan Real Estate Market The first quarter of 2022 had a heightened level of market activity in Kelowna, driven in part by the low-interest rate. This led to a surge in demand for real estate, resulting in all-time high property values and a lack of new

The last year was a policy shock, especially regarding interest rates and their effect on mortgage rates. MLA Advisory reached out to Mortgage Specialist and Owner of Nest Mortgage Scott Gingles as our mortgage expert to shed some light on what we might expect from the coming year. Here, Scott