Lower Mainland House Price Averages
Abbotsford Houses
Burnaby Houses
Coquitlam Houses
Langley Houses
Maple Ridge Houses
Mission Houses
Richmond Houses
Surrey Houses
Vancouver Houses
Click the links above to view graphs showing the average detached home prices for some Lower Mainland cities.
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‘Pervasive uncertainty’ caused by trade war prompts Bank of Canada to drop overnight lending rate to 2.75%
On March 12th, the Bank of Canada announced that it had lowered the target for the overnight lending rate by 25 basis points to 2.75%. This marks the seventh consecutive decrease to rates since June 2024.
In its announcement, the Bank acknowledged that the Canadian economy had started the year on good footing. Now, with a trade war underway with the United States, the country is expected to see slower economic activity and increasing inflationary pressures in the months ahead, justifying the central bank’s decision to reduce its policy rate yet again.
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Is your home still ‘the one’? How to decide between renovating and relocating
At first, your home may have felt like true love – the perfect match, full of excitement and possibility. But as time goes on, the honeymoon phase can fade. Maybe you’re craving more space, a shorter commute to work or school, or modern features that other homes seem to have. If you’re feeling restless, you might be wondering, “Is it time for a fresh start, or can this relationship be saved with a little TLC?”
Deciding whether to move to a new home or renovate the one you’ve got is no small decision — it’s a mix of emotions, finances, and practicality all rolled into one. Think of it like the HGTV classic Love It or List It: weighing the pros and cons of both options to figure out what truly fits your family and lifestyle.
This guide will help you determine if your home is still “the one” or if it’s time to move on.
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