Market Updates

How Money Laundering Works in Real Estate

It is estimated that $5-billion was laundered via real estate in British Columbia in 2018. This is according to recent ground-breaking reports by Simon Fraser University public policy professor and former B.C. deputy attorney general Maureen Maloney, and by former RCMP deputy commissioner Peter German. These reports indicate that these laundered funds contributed to increased real estate prices by at least 5% — significantly impacting housing affordability (particularly in Greater Vancouver)…

Pilot Mortgage Group Interest Rate Update July 2019

The West Haven Group has asked that its primary mortgage broker partner team, Pilot Mortgage Group (Damon, Tyler, and Rob), prepare a monthly interest rate update and outlook article to assist our clients in remaining up to date with what is happening with interest rates. Below is their update article for July 2019…

Vancouver Real Estate Market to make a Rebound!

According to the British Columbia Real Estate Association’s (BCREA) updated forecast for housing transactions in British Columbia 71,400 homes will change hands on the resale market this year. This is nine percent lower compared to 2018’s total.

However, the organization predicts that in 2020 there will be 81,700 residential transactions — rebounding by a significant increase of 14%…