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Welcome to our News Blog with Tips and Information about Real Estate in Prince George
April 2018 Economic Update
In April, Prince George’s unemployment rate was 5.4 per cent, a decrease of 0.9 per cent when compared to the same month in 2017 when it was 6.3 per cent, according to the city’s latest economic update. The unemployment rate of 5.4 per cent for Prince George was...
Home Grown Marijuana and Mortgage
As of April 30, the Canadian Real Estate Association (CREA) has formally requested an amendment to Bill C-45, calling on the federal government enact a moratorium on home cultivation until a national framework is developed and implemented in all provinces. Under new...
Rising interest rates not deterring people from buying homes.
In a new report released earlier this week, BMO noted that the prospect of rising interest rates does not appear to be discouraging Canadians sufficiently from buying homes. 23% are still planning to purchase their primary residences in the next year, for an average...
Canadians rushing to lock down five-year fixed rate mortgages
“Historically, the majority of Canadians who shop for mortgage rates have taken a variable rate the majority of the time,” says Dan Eisner, CEO of True North Mortgage in Calgary. “But not these days.” Since January 2014, 56% of Canadian borrowers who applied for a...
B.C.’s commercial real estate sales smash records in 2017
A report from Westerne Investor had good things to say about commercial realty in British Columbia. British Columbia commercial real estate investment activity and dollar volume achieved record heights in 2017 with the disposition of 230 office, industrial and retail...
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Coming BC Government regulations could be a disaster for the economy.
The Government of BC recently enacted some regulations with the intention slowing skyrocketing prices. However, these and other coming regulations could have devastating effects not just on the real estate market but the economy as a whole. According to the BC Real...
Canadaian Homes and Cannabis
There has been a lot of talk lately about the Canadian Government's decision to legalize pot. Bill C-45 as it is known allows for home cultivation of pot. Canadian ReaL Estate Association's Michael Borque recently wrote a great piece in the Financial Post about the...
2 Questions for your Home Inspector
Andy Christie from Inspect the Unexpected TV shares valuable information on how to interview a home inspector and the 2 important questions you should ask them before deciding to hire.
First Time Home Buyers Loan Program
As of January 16, 2017 the BC Government is starting a new program for first time home buyers. This innovative new program will offer interest free loans to qualified home buyers
Compare Prince George to Vancouver
There’s been some talk lately about how expensive it is to live in Vancouver. So we put together this infographic to show just how much money you can make and save if you live in the City of Prince George!
The Most Common Home Buying Mistakes to Avoid
Buying a property is the largest purchase most people will make. Here are the most common mistakes you can avoid. Before you start even looking at properties, find out how much you qualify for and get a pre-approval letter from your lender. It can be quite...