Evidence suggests housing activity will continue to improve into 2020, with prices either continuing to rise or accelerating in many parts of Canada. Indeed, many housing market indicators continue to support this outlook.
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There has been an increase in Home sales by 0.6%, this has been the seventh consecutive monthly increase—the first streak of that length since early 2009.Momentum persisted in Southern BC, with Vancouver’s fifth sales rise in six months bringing its sales-to-new listings ratio to a 20-month high and the city’s y/y MLS HPI decline moderating again. For the third consecutive month, home purchases climbed in each of Victoria, Okanagan-Mainline, and the Fraser Valley
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The national HPI has been depressed by 12 consecutive months without a rise in Vancouver’s index, which dropped a cumulative 6.6%.Over that period, home sales rose 19% in Calgary and 12% in Edmonton. These improvements, if sustained, will sooner or later help limit home-price deflation in this region. This time of year isn’t just about books and backpacks – it’s also about giving your interiors an update. Here’s a look at the top trends this autumn and how to try them at home to create beautiful rooms you will love.
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In this months Newsletter, read more about the much awaited First Time Home Buyer Incentive which will help qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens. Also, some tips to help you get back into a fall routine!
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Bank of Canada maintains overnight rate target at 1 ¾ per cent and 7 tips to keep your kitchen safe
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Spring maintenance ideas for your home and a healthier take on summer cocktails. Read more in our newsletter this month!
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