Blaine Bailey - Associate Broker, Re/Max Elevate Realty

Blaine Bailey - Associate Broker, Re/Max Elevate Realty I am dedicated to helping you sell your house or assist you in finding that dream home you are searc

09/23/2026

BC Standing Inventory Reached 6.7K
BC’s standing inventory has reached 6,700 homes—an important figure for anyone keeping an eye on shifting supply across the province. This total includes 5,500 condos, along with townhomes and select multiplex units, painting a broad picture of what’s available right now. Burnaby currently leads with 1,210 unsold homes, followed by Vancouver at 1,020, Surrey at 798, and Coquitlam at 620. It’s not confined to the Lower Mainland, either: Richmond has 396, Kelowna 372, Langley Township 276, New Westminster 224, and Delta 211. The reach goes further—Langford (188), Esquimalt (173), the City of North Vancouver (135), Abbotsford (118), and Chilliwack (100) all contribute to a listed city total of 5,840 units. While some say most unsold presales are studios and one-beds, the data across BC actually tells a different story, with a wider range of sizes and price points on the market. As someone who works with buyers and sellers throughout the Fraser Valley and beyond, I keep a close watch on how inventory shifts like these can open up new opportunities.

09/22/2026

Buying a House With Cash Vs. Getting a Mortgage
When it comes to buying a home, one of the big decisions is whether to pay cash or use a mortgage. Paying cash means you avoid interest and lender fees, can usually close the deal faster, and you might catch a seller’s eye in a competitive situation. On the flip side, mortgages can offer more flexibility with your finances, potential tax advantages, and the chance to keep your money working elsewhere through other investments—not to mention some added creditor protection. Every buyer’s circumstances are unique, so the right choice depends on your personal finances and what’s happening in the market. In my experience working across neighborhoods like Abbotsford, Chilliwack, Mission, and Langley, I’ve seen clients take both routes for different reasons. Weighing these options can help you find the best fit for your next move.

09/16/2026

Abbotsford - Most Affordable Homes of August 2026
For those keeping an eye on Abbotsford’s real estate landscape, here’s a quick look at the most affordable homes available as of August 2026. Properties currently on the market start at $174,900 and range up to $244,000. Whether you’re just starting your home search or looking for an investment opportunity, Abbotsford offers a variety of options suitable for different budgets. With experience marketing homes throughout Abbotsford and the surrounding areas, I’m always paying attention to value and opportunity in every corner of the market. If you’re interested in learning more about any of these listings or want to explore similar properties, you’ll find updated selections and insights through my network at Re/Max Elevate Realty.

09/15/2026

B.C. Home Sales Stay Resilient Amid Lower Mainland Shift
July was a quieter month for the B.C. real estate market, with provincial home sales dropping 6.7% year over year to 6,561 units. The Lower Mainland led this slowdown, and average sale prices dipped slightly by 1.3% to $929,619. Overall sales volume came in at $6.1 billion, reflecting a 7.9% decrease. In my work across Abbotsford, Chilliwack, Mission, Langley, Maple Ridge, and surrounding communities, I’ve seen how these broader numbers sometimes mask unique opportunities at the local level. Real estate is always about the details of your neighbourhood and your goals—watching these trends helps me guide clients with up-to-date perspective.

Bank of Canada Explores Rate Cuts’ Impact on Housing SolutionsA recent Bank of Canada study highlights an important real...
09/11/2026

Bank of Canada Explores Rate Cuts’ Impact on Housing Solutions
A recent Bank of Canada study highlights an important reality for anyone following the real estate market: while rate cuts may seem like a quick fix for housing affordability, they often have the opposite effect in the short term. When interest rates drop, more buyers are able to enter the market almost immediately—demand jumps up fast. But the increase in available homes (the supply side) tends to lag behind by about two years. This means that, even though borrowing gets cheaper, prices are pushed higher, and construction costs stay elevated. As someone deeply familiar with the ebb and flow of the Fraser Valley's real estate—whether it's Abbotsford, Chilliwack, Mission, or beyond—I've seen firsthand how these shifts play out in our local neighborhoods. It's a reminder that tackling affordability takes more than just adjusting interest rates; it requires a bigger-picture approach to housing supply and costs.
https://www.roomvu.com/agent-news/blaine-bailey-290559/1939849-Bank-of-Canada-Explores-Rate-Cuts%E2%80%99-Impact-on-Housing-Solutio

09/10/2026

Bank of Canada Holds 2.25% Key Rate

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