Interest Rate Insight
Good Morning Abbotsford & Mission real estate buyers, sellers and Realtors.
The Canadian economy can affect real estate, this we know beyond a shadow of a doubt. Over the last few months there has been moderate growth, this usually means interest rates will remain basically unchanged. What may affect rates is the stronger growth in the U.S. This may change interest rates in Canada after all. We tend to mimic our neighbours to the south when it comes to interest rate changes, up or down, over the last 50 years.
In 2015 the U.S. may raise interest rates putting pressure on Canada to follow.
Local residential house sales remain solid, with Abbotsford and Chilliwack out-performing Mission this year. Mission has been slower but with the recent developments commercially in Mission (IE. Walmart), one can assume there is some great deals ready to be snapped up.
- Home values go up when the Canadian Economy is strong
- Moderate Growth continues across Canada this year
- Stronger U.S. economic data may lead to increase in Interest Rates
- House sales remain strong in Abbotsford | Chilliwack
- Population Growth and Low Interest rates to remain for the near future
It is expected that with population growth, low interest rates, pend up demand from young family buyers and increase in incomes and full time jobs over the next several years we may see an overall increase in house sales from those contributions.
This blog is written and supported by: www.HomelifeAbbotsford.ca OR www.HomelifeMission.ca
300 – 3303 Immel St. Abbotsford BC V2X 5Y1
1 – 32540 Logan Ave Mission BC V2V 6G3
O 604 859 3141 or 604 826 2699 F 604 859 5226 or 604 826 2621
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Mission Real Estate | Mission Homes For Sale
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Advantages for the Experienced Agent with HomeLife Glenayre Realty Co. Ltd.:
- Experienced Management
- Household name in local market
- Number one office in technology services
- Office of the future
- First paperless in Canada
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Employment Can Affect Abbotsford|Mission Sales
BCREA ECONOMICS NOW (British Columbia Real Estate Association)
Canadian Employment – Micro Blog
For Abbotsford Realtors, Mission Realtors and local Real Estate owners & buyers, the Canadian employment declined by 11,000 jobs in August can affect local sales. Both full-time and part-time employment were down while total hours worked, which is closely associated with economic growth, was unchanged. The national unemployment rate remained at 7 per cent.
- BC economy add 1,800 hundred jobs in August
- Year-to-date, employment in BC is up just 0.5 per cent
The BC economy eked out a modest 1,800 hundred jobs in August, however those gains were all in part-time work. Full-time employment declined by 14,400. In spite of slightly higher employment, the provincial unemployment rate ticked 0.2 points higher to 6.1 per cent as the number of people looking for work expanded by 8,200. Year-to-date, employment in BC is up just 0.5 per cent.
Our Micro Blog opinion in the office regarding this data is; Whne employment strengthens to any degree in BC it is positive for our local real estate market for buyers and sellers.
This blog is written and supported by: www.HomelifeAbbotsford.ca OR www.HomelifeMission.ca 300 – 3303 Immel St. Abbotsford BC V2X 5Y1 1 – 32540 Logan Ave Mission BC V2V 6G3 O 604 859 3141 or 604 826 2699 F 604 859 5226 or 604 826 2621 Connect with us on Facebook: www.facebook.com/HomelifeRealEstate www.linkedin.com/company/3150480 Abbotsford Real Estate | Abbotsford Homes For Sale Abbotsford real estate for sale, Abbotsford REALTORS®, and Abbotsford MLS® Listings. Access Abbotsford real estate listings, Abbotsford REALTORS®, new homes and Abbotsford foreclosures. We also have information on Abbotsford home selling, home buying and mortgages, movers and other realty services in Abbotsford and area. Mission Real Estate | Mission Homes For Sale Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings, Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling, home buying and mortgages, movers and other realty services in Mission and area. Advantages for the Experienced Agent with HomeLife Glenayre Realty Co. Ltd.:- Experienced Management
- Household name in local market
- Number one office in technology services
- Office of the future
- First paperless in Canada
- Latest web services including social networking
The Insider 