March 2024

Mortgage Challenges For New Home Owners That Bought Between 3-5 Years Ago 

Posted on Mar 20, 2024

*Graph from Hubrate

For home owners that bought their homes between three and five years ago and have their renewals coming up are having to deal with some serious questions and concerns.

The borrowing cost of a $1,000,000 mortgage based on interest rates looks as follows (based on 25 year amortization rates):
1% = $3,767 per month 
2% = $4,234 per mont...

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Upper Lonsdale Experiencing Red Hot Market In Early 2024

Posted on Mar 10, 2024

UPDATE: Six of the ten New Listings that just hit the market last two week already have accepted offers on them.  They had 7 offers, 6 offers, 3 offer, 3 offers and two more had two offers.

The Upper Lonsdale Market is RED HOT!

If you are planning to sell this year, call the Top Selling / Listing Realtor in Upper Lonsdale this year and I promise to he...

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Canadian Monthly Economic Growth (Q4'2023) - February 29th, 2024

Posted on Mar 01, 2024

Canadian real GDP was largely unchanged in December, declining by 0.02 per cent, following two months of growth. Goods-producing sectors contracted by 0.2 per cent, while services were essentially unchanged. Construction activity fell 0.6 per cent in December, with residential building declining by 1.6 per cent. Offices of real estate agents and br...

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