Real Estate Advisor with Engel & Völkers West Vancouver, Canada

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The First-Time Home Buyer Incentive is Here!


Canada’s First-Time Home Buyer Incentive: Everything You Need to Know

The FTHBI is here. Learn how it can save you money on your first home purchase.
By Kara Kuryllowicz September 5, 2019

the first time home buyer incentive is here For the first time in years, Canada’s first-time buyers have a reason to feel optimistic. September 2, 2019, marked the launch of the Canadian Mortgage and Housing Corporation’s all-new First-Time Home Buyers Incentive (FTHBI), a financial incentive designed to help middle-class Canadians buy their first property.

 

The Perfect Time for the FTHBI

The timing for the FTHBI couldn’t be better. Beyond the First-Time Home Buyer Incentive itself, there are three key real estate factors that actually favour all buyers as we head into 2019, not just first-timers. Fixed mortgage rates remain at an all-time low. Most markets across the country are balanced or even a little soft. And maybe best of all (and as discussed in this recent Fall Trends article) buyers typically don’t buy homes in the lead-up to a federal election, giving first-time buyers some added leverage as markets slow before October 21.
 

“The First Time Home Buyer Incentive will reduce the monthly mortgage for your first home by up to $286,” says Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation. “This will help up to 100,000 families across Canada to buy their first home.”

Read full article... By REW Kara Kuryllowicz September 5, 2019



The Top 6 Things That Will Impact Fall Real Estate in Canada


2019's fall home buying trends are looking pretty surprising.

the top six things that will impact fall real estate in canada

By Kara Kuryllowicz (REW) August 29, 2019
 

Back to school and off to work! The post-labour day time usually coincides with supply shopping  and settling in after relaxing summer vibes - but it also tends to kick off Canada’s fall real estate markets, with home buyers and homeowners looking ahead to their next steps. 

However, before they make a move, buyers and sellers should get up to speed on the factors that will affect this year’s real estate landscape, ranging from the predictable to the truly surprising. Without further ado, here are the top six things that will impact Canada's fall real estate season.

Read More ...

 

 



2018 Canada Real Estate Market Outlook


2018 canada real estate market outlook
These are remarkable times. Canadian commercial real estate continues to set records, assert itself on the world stage and build momentum despite an extended, nine-year bull run and technological innovations that are shaping our physical and digital existence. This is the backdrop for CBRE’s 2018 Market Outlook; a year in which context might be as important as the facts and figures upon which forecasts are built.

The 2018 outlook for Canadian commercial property suggests that the market has the potential to defy traditional market cycles. The institutionalization of real estate, the diversification of the economy and changing technology have altered the rules of the game. Traditional market analysis would generally cast doubt on the chances of consecutive, all-time record investment volumes. However, in this new paradigm, Canada has the potential to achieve this feat for a remarkable third consecutive year.



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