March 2022

SFU homes selling in a week as buyer demand remains high

Posted on Mar 07, 2022

It's a Seller's market across the GVA and Burnaby SFU is no exception.  Even though home inventory is edging up buyers are snapping up properties typically in a week after being listed and usually in competition with subject free offers with well over asking sale prices.

Watch the 60 second video for the complete SFU Burnaby Mountain update.

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The cost of borrowing money just got higher as BOC raises key interest rate 

Posted on Mar 02, 2022

Overheated real estate markets, stronger than expected economic growth in last quarter, and persistent inflation issues are behind the decision.  Though only a slight increase and rates are still historically extremely low this is the first step of what many believe to be several more rate increases this year. 

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