After a long period of relatively stable mortgage rates, we may be heading in the other direction.Bond yields have been rising, and that's important because Government of Canada bond yields heavily influence the fixed mortgage rates offered by Canadian lenders.If yields continue moving higher, five-year fixed mortgage rates are likely to follow.For...
The latest Fraser Valley real estate statistics are out, and for the first time in a while, there are a few numbers that give me a tiny bit of hope.I want to emphasize the word tiny.Prices are still down. Sales remain historically low. And I don't think we can say the market has reached the bottom yet.But we're starting to see a couple of indicato...
There has been a tremendous amount of discussion over the past year and a half about tariffs, trade wars, politics and the effect all of this uncertainty is having on the Canadian economy.I'm not particularly interested in turning this into a political discussion.What I am interested in is what has actually happened to our local real estate market...
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Steve Karrasch PREC, Karrasch Real Properties Team