Latest Market Update - February 2026

2026 May Go Down As The “Year of the DEALS.”

Last month’s residential sales were more than 30% below the 10-year seasonal average. As a result, benchmark prices across all property types continue to trend downward. Many homes are sitting on the market far longer than expected, and some are ultimately selling for up to 40% below their original list price.

Vancouver and Toronto are among the hardest-hit regions. And it’s not just the resale market feeling the pressure—new pre-construction condominium sales dropped to the lowest level ever recorded in the past 45 years.

A market adjustment is well underway, and for buyers, it’s a significant opportunity. For sellers, it can be more challenging—but if you’re selling and buying in the same market, the impact is often relative.

Did you know this could save you thousands?

You can often renew your mortgage into a new term and rate up to six months before maturity. If you’re coming off a higher rate, this early renewal option can result in substantial savings.

Mortgage DEALS:

• Variable mortgage rates as low as Prime – 0.75%

• 5-year fixed rates for most terms under 3.99%

• Second mortgages from 8.99%, with up to 85% equity take-out
  

Real Estate DEALS:

• Sell your home for as low as $5,000 — yes, it’s possible. (Buyer’s agent commission still applies.)

• Complimentary virtual staging for new listings

Latest Market Update - December 2025

Wrapping Up the Year

The Bank of Canada wasn’t very jolly this year, holding rates steady due to stubborn inflation and uncertainty. The good news? Great mortgage options are still available, with many rates under 4% — and more relief expected in 2025. I’m optimistic we’ll see fixed rates dip toward 3% by summer.

Is a market adjustment underway?

Rising inventory, slowing pre-sales, and softer demand suggest the housing market is shifting. While more supply sounds positive for buyers, much of today’s inventory isn’t aligned with what people truly need — a challenge created by years of misguided policy and mismatched construction.

A few tips during uncertain times:

• Sell only if you need to — pricing is everything.

• Consider pausing rent increases to retain great tenants.

• Trim monthly expenses to stay flexible.

• Protect your equity early with a Line of Credit or other financing options.

• Stay ahead of your mortgage renewal - early planning matters.

If you’d like a second opinion or personalized advice, I’m here to help.

Wishing you a warm, joyful holiday season and a bright year ahead!

Latest Market Update - November 2025

Correction Or Recovery?

The Greater Vancouver real estate market continues to experience slower sales and rising inventory, creating favorable conditions for buyers. Sales are down 14% from last year, while the benchmark price for all residential properties has fallen 3.4%.

Conditions are even softer in the Fraser Valley, which remains firmly in a buyer’s market. Prices there have declined by an average of 5.8%, with apartment-style homes seeing the steepest drop — up to 7% year-over-year.

The Bank of Canada lowered rates again at its meeting last week — the fourth rate cut this year. However, it has yet to spark meaningful buyer activity. While the Bank signaled that additional rate cuts will be limited, at least one more reduction is expected before year’s end.

No one can predict the market’s exact path, but it’s reasonable to assume that without significant changes to provincial and federal housing/economic policies, we may remain in a correction phase for some time.

The good news?

Fixed mortgage rates — which had remained stubbornly high even as the prime rate fell — are finally easing. Most lenders are now offering fixed rates between 2.90% and 4.10%, while private and alternative lenders are providing first and second mortgages starting as low as 6.50% and 8.99%, respectively.

Don’t let tough market conditions hold you back. We can help you reduce your monthly payments; access needed funds and make the most of today’s lending environment.

Latest Market Update - September 4th 2025

Summer may be winding down, but mortgage rates are heating up!

• 3-year fixed: as low as 4.00%

• 5-year fixed: as low as 4.14%

• Variable rate: as low as 4.25%

Is this improving interest rate environment fuelling a real estate turnaround?

According to Andrew Lis, GVR’s director of economics and data analytics:

“The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year. Sales in the detached and attached segments are up over ten per cent from last August, which suggests buyers shopping in more expensive price points are re-entering the market in a meaningful way.

The lesson? Don’t wait to buy real estate—buy and wait.

We specialize in offering second mortgages, even as small as $30k and can be arranged without the requirement of MONTHLY payments.  When the banks say “no” or make the process long and painful, we say “yes” with quick, practical, and common-sense lending solutions. 

It’s not just rates, but the overall lending environment is improving. Restrictions are easing, product options are expanding, and new opportunities for Business-for-Self clients are emerging. These may be incremental changes, but they’re steps in the right direction. As lending conditions improve and rates continue to ease, expect the real estate market to gain even more momentum.

Have questions?

Latest Market Update - August 2025

BC Home Sales Edge Up as Rate Cuts Loom

BC residential sales rose just over 2% last month compared to a year ago, while average prices slipped by a similar amount. Despite higher fixed mortgage rates, market momentum is holding into late summer.

Relief could be coming: the Bank of Canada’s September 17th meeting may bring a rate cut, with more likely this fall as economic growth slows, and labour markets weaken — good news for variable-rate borrowers and the housing market.

Today’s softer prices are being driven primarily by an oversupply of condos and townhomes, a result of a decade-long building boom. But with construction now slowing, inventory will tighten, and history tells us that prices follow. As the saying goes: Don’t wait to buy real estate — buy real estate and wait.

Today’s mortgage landscape:

• Prime lending rate: 4.95%

• Fixed-term rates: 3.99% to 4.69% (depending on term)

• Variable rates: as low as 4.30%

• Alternative 1st mortgage rates: as low as 6.95%

• 2nd mortgage rates: as low as 8.99%

With the possibility of lower rates and rising demand on the horizon, now could be the moment to make your move!