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2018 off to a slower start…

It’s not hard to believe Jan 2018 is slower in home sales vs tail end of 2017 with mortgage rule changes but I forecast a robust year regardless if inventory levels do not pick up more.  I think this spring will be a very telling season in Victoria real estate and how mortgage rule changes will have taken root.   http://www.timescolonist.com/business/greater-victoria-home-sales-slip-as-buyers-beat-test-1.23162355

Take your pick…Top 2017 Real Estate News

2017 was another Big Year in real estate.  Have a read of this article and let us know if you agree in top 5 order or have another big topic that you felt should have made this 2017 list!
Some pretty heavy talk and politically loaded year in real estate.  Wonder how 2018 will unfold.
As always, contact us anytime with your real estate questions and needs

New Mortgage rules BIG BLOW to Market…

Lots of questions coming on the wake of the recent Mortgage Stress Test rule announcement, so the good folks over @Spinmortage.com put together the following infographic to help answer a few questions.   Bottom line – big blow to purchasing power so worth a sit down to ponder your best course of action – buy now or wait patiently.  Feel free to call us or get in touch with the Spin Mortgage crew with any questions.