Sutton Showplace Realty (2015) Chilliwack

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B.C.'s housing market healthy and will bounce back

28 October 2019
Sutton Showplace Realty Chilliwack

The local housing market is healthier and will start to bounce back through 2020 and into 2021, according to the latest report by the Canada Mortgage and Housing Corporation.

Ontario’s and British Columbia’s outlooks for sales growth are relatively strong in 2020 and 2021 when compared to other regions, consistent with growth in real disposable income that is forecast to exceed the national average over this time period.

B.C. is also expected to see relatively strong growth in new builds.

Prices are also forecast to see a modest recovery in B.C., after a dip in 2019, with B.C. seeing up to the second highest price growth after Ontario in 2021. Other regions will generally see modest gains.

However, CMHC says global trade tensions and continued high levels of household debt are still risks to both the economy and housing activity across the country.

It also says that higher interest rates or a rise in unemployment could hit already strained budgets and put pressure on housing activity.

Recent measures of overvaluation for the major markets of Vancouver and Toronto as well as for those in their vicinity indicate a general easing of vulnerabilities, as prices have been gradually aligning more with fundamentals in recent quarters.

The current outlook for renewed growth in home prices doesn’t imply overvaluation and or price acceleration measures will necessarily worsen, since growth in fundamentals over the same time period can be sufficient to support stronger resale market activity and price growth.

Housing starts across the country should come in at around 200,000 units next year after declining this year and last.

Home prices are also expected to start growing in 2020 and 2021 to raise the average price above the 2017 peak.

Article by: https://www.citynews1130.com/2019/10/24/cmhc-expects-housing-market-to-recover-in-next-two-years-after-declines/

  Buyers  News  Selling

Annual REALTORS Care Blanket Drive

21 October 2019
Sutton Showplace Realty Chilliwack

The cold weather is approaching and we're collecting gently used items to distribute to the homeless, women and children in need, and persons living in supportive housing. If you cannot drop off your donation, send us a private message and we'll come pick them up.

We will gladly accept donations of gently used:

Blankets, sleeping bags, warm clothing, coats, hoodies, hats, gloves, scarves, new socks and new underwear.

Here's a list of Lower Mainland charities who receive donations from the Blanket Drive.

The REALTORS Care® Blanket Drive story

Way back in 1994, some caring REALTORS® in Vancouver observed the homeless situation in the city’s East side and said to themselves, we’ve got to do something.

They put out an appeal to their colleagues for warm blankets and coats and collected enough donations to help 3,000 of Vancouver’s homeless in the downtown core.

That single act of kindness has blossomed into one of the largest annual collections of warm clothing and blankets, helping homeless people and the working poor in every single community in the Lower Mainland.

Since then, thousands of REALTORS® from Whistler to Hope have collected enough donations to help more than 385,000 people in need. Each year, more than 75 dedicated members pick-up and deliver all the donations, and well over 100 real estate offices in the Lower Mainland act as collection depots.

The REALTORS Care® Drive now collects an astonishing amount of warm, winter items on behalf of dozens of local charities to help about 35,000 people each year.


ENTER TO WIN!

10 October 2019
Sutton Showplace Realty Chilliwack

*CONTEST IS NOW CLOSED*


We have 2 great new CONTESTS for Fall/Halloween.

Head on over to our Facebook Page to ENTER to WIN!!

https://www.facebook.com/suttonshowplacerealty/


Chilliwack Statistics

04 October 2019
Sutton Showplace Realty Chilliwack

Despite a slight slowdown of 2% in BC’s economy, home sales in Chilliwack and area have jumped dramatically from the same time last year.

http://www.cadreb.com/news-statistics/statistics-2019?fbclid=IwAR1uXHLn8tLSUAvjwArrS1RuoEM59ToFPD5tBVxaBM2wZ_PMG5BgFcMxSuc