August 2015

Housing Market Update

Whether you need to buy or sell your home, economic forecasts can be on the forefront of your mind.The Housing Market Update from BCREA Economist Brendon Ogumundson is in the June issue of Mortgage Rate Forecast: now available on BCREA Online. Click here for a pdf version or watch the video discussion below.

Highlights:

  • Canadian mortgage rates to be relatively constant in 2015
  • Is Canada at risk of a technical recession?
  • Bank of Canada holding out hope for good news on the economy

Copyright British Columbia Real Estate Association. Reprinted with permission.


An Insider's Look: 10 Reasons FSBOs Can Fail

For-Sale-By-Owner (FSBO) may seem like a good idea—and for about 10 percent of those who attempt to sell their own homes, it is.

But what about the other 90 percent? According to the National Association of Realtors, 90 percent of owners who try to sell their own homes... fail.

Read more to find out whether you'd be great at FSBO or perhaps would be better suited to working with a Realtor.


Add To the Value of Your Home

Choosing the selling price of your home can be complicated, and of course your Realtor can help you decide on a price that accurately reflects the value of your home in the current market; but there are also things you can do to add to the value of your home before you put it on the market.

This infographic has been reposted with permission from visual.ly.


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