In the labyrinth of real estate transactions, finding the perfect guide, your real estate agent, is akin to discovering the North Star amidst a sea of constellations. It's the key to unlocking the door to your dream home or selling your property at the best possible price. With the real estate landscape evolving constantly, the role of a proficient real estate agent becomes even more crucial. Let's navigate through the essential checkpoints to find the ideal real estate agent tailored to your needs.

When it comes to selling your home, understanding the factors that influence its evaluation can make a significant difference in the outcome. Whether you're planning to list your property now or in the future, being aware of these key factors can help you make informed decisions and maximize your home's value.

Buying your first home is a significant milestone, a blend of excitement, nervousness, and anticipation. It's a journey marked with big decisions and even bigger dreams. At Leanne deSouza Personal Real Estate Corp., we understand the importance of this step in your life. As White Rock/Surrey Real Estate Agents, we've guided numerous first-time homebuyers through the process, helping them make informed choices and turn their homeownership dreams into reality.

After five straight holds of the Bank of Canada’s key interest rate that followed its hiking cycle of more than a year, economists say a rebound awaits the national housing market — but don’t expect a big surge just yet.

The central bank is expected to again hold its key rate steady when it announces its decision Wednesday, but it’s unclear what direction it will take next.

As a mortgage broker, I get asked by clients all the time on what is going to happen with mortgage rates. Are they going to go up, down, or stay the same? Before I answer that question, I ask a question of my own...Which rates are you asking me about? Fixed rate mortgages or variable rate mortgages?

Are you considering downsizing your home? Downsizing can be a significant life change, and it's essential to make the process as smooth and stress-free as possible. As a White Rock/Surrey Real Estate Agent, specializing in Home Downsizing and Real Estate Purchase, I've helped numerous clients navigate this transition. In this blog, we'll explore five crucial steps to a seamless downsizing process, offering valuable insights and solutions to ensure your downsizing journey is a success.

In the ever-evolving world of real estate, the decision to buy a house can be both thrilling and daunting. It's an investment that carries significant financial and emotional weight. If you're considering purchasing a property in White Rock or Surrey, you might be wondering, "Should I hire a real estate agent?" The answer is a resounding yes. In this blog, we'll delve into the advantages of hiring a real estate agent, specifically a Realtor® in White Rock and Surrey, and how this decision can make your home-buying journey smoother, more informed, and ultimately more rewarding.

In the realm of real estate, one crucial decision can make or break your property journey: whether or not to hire a Realtor®. As a White Rock/Surrey Real Estate Agent with over 35 years of experience specializing in Home Downsizing, First-Time Buyers, and even Luxury Homes, I understand the importance of this choice. In this blog, we will delve into the top four reasons why hiring a Realtor® like me, Leanne deSouza, can be a game-changer in your real estate endeavors. So, let's explore the world of Realtors® and Real Estate Agents.

David Navarro is a Financial Advisor with Navarro Financial Group, offering Mutual Funds through Investia Financial Services Inc.

“Can I downsize my home and use the proceeds to fund my retirement?” is a common question for late-career homeowners. This is for good reason: downsizing often makes sense for lifestyle reasons alone, but with house prices soaring, it can also provide an instant nest-egg.

Today, the Bank of Canada increased its overnight interest rate to 5.00% (+0.25% from June) because of the “accumulation of evidence” that excess demand and elevated core inflation are both proving more persistent and after taking into account its “revised outlook for economic activity and inflation.” This decision was not unexpected by analysts but is disconcerting – as is the Bank’s pledge to continue its policy of quantitative tightening. To understand today’s decision and the Bank’s current thinking on inflation, interest rates and the economy, we highlight its latest observations below: Inflation facts and outlook In Canada, Consumer Price Index (CPI) inflation eased to…

Spring is here in the Fraser Valley, and with a pause in interest rate hikes, the confidence of buyers and sellers may be building. While sales of all three property types are up significantly from February, low supply is still a concern.

Our latest Eye on the Market has the details.

Watch and Share!

First Time Home Savings Account (FHSA) launched April 1st (no it wasn't an April Fools Day joke either)

• You must be a First-time buyer as defined by the federal government (link here for your reference https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account/opening-closing-and-fhsa.html
• You can contribute up to $8,000 a year ($40,000 lifetime)
• Contributions to your FHSA are tax-deductible

This blog on investing is courtesy of Danny Duong who is an excellent mortgage broker. Danny offers some thoughts on investing in real estate. Give Danny a call at 778-998-7142 for your mortgage needs. I would be happy to answer any or all your real estate questions in this regard.

Have you thought about building wealth and passive income through real estate? The following are factors that make purchasing a rental property an attractive investment now:

It's cold out there. And on February 25, I'm going to do something about it. Together with thousands of Canadians across the country, I'll be walking and fundraising to support people and families experiencing homelessness, hurt, and hunger in my community. It has been many years that I have been part of Coldest Night of the Year. This organization is very dear to my heart after a family member during a time of illness chose homelessness. Since then, every person I see that is homeless reminds that it can happen to anyone. I have also been impressed that each time I have seen a person that appears homeless I have called Sources to let them know the location of this person and been assured someone will reach out to offer support from our community. We can all help our vulnerable.

Please, give generously by clicking the "Donate Now". Thanks!

Here is some timely advice from one of my office's mortgage agent, Danny Duong, after having a great conversation over email with BCREA's Chief Economist, Brendon Ogmundson. The Economist presented a market update at a Mortgage Broker's conference which outlined key trends/metrics that we should watch over the next few months.

Original Article Source Credits: https://fvreb.informz.net/

Article Written By: N/A

Original Article Posted on: N/A

Link to Original Article: https://fvreb.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9MjU3ODIzNyZzdWJzY3JpYmVyaWQ9NTI2NTczMjg5

As expected the Bank of Canada has raised its trend setting interest rate. It jumped by another, outsized, three-quarters of a percentage point to 3.25%. This has triggered a series of knock-on effects in the lending and mortgage markets.

Original Article Source Credits: http://news.fvreb.bc.ca/

Article Written By: N/A

Original Article Posted on: June 16, 2022

Link to Original Article: http://news.fvreb.bc.ca/member-updates/video-how-fast-is-the-market-shifting-our-latest-eye-on-the-market-breaks-it-down/

I received a very informative email from one of my favourite mortgage brokers, Angela Creed, that even I find insightful & informative:

It's been a bit of a wild time lately between the Federal Government releasing their 2022 budget and the Bank of Canada making their 3rd announcement of 2022 regarding lending policy. So I figured it was the perfect time to break down what's been happening and the affects.