Lorraine Brett Macdonald Realty LTD

04/28/2023

Realtor- at your service. 12 yrs ago and still today. Happy to take your call.

04/12/2023

“Canada’s annual inflation rate fell to 5.2% in February, marking the second month in a row it came in lower than forecast.”

OTTAWA — The Bank of Canada is once again holding its key interest rate steady at 4.5% but isn’t ruling out the possibility of more rate hikes down the line.

01/26/2023

"Regulatory screw tightening." ??? I don't like the sounds of that. More about what Feds might do to buyers who "tiptoe back into the market."
The Bank of Canada increased interest rates today. Mortgage broker Chris D'Sena and I had a far-ranging conversation about this and about a great informational email he shared (see below) written by Dr. Sherri Cooper, an economist. I was drawn to Cooper's very last line: “No rate hike is likely on March 8 or April 12. This may lead many to believe that rates have peaked so buyers might tiptoe back into the housing market. This is not what the Bank of Canada would like to see. Hence OSFI might tighten the regulatory screws a bit when the April 14 comment period is over.”

Oh! I had a ton of questions for Chris and he did a great job of answering them. I started by asking who the OSFI is and what exactly their regulatory 'screws' might be that they would consider tightening - and why?

And, why would they care so much that Buyers might "tiptoe back into the market."

Happy to discuss it further. My gut says if you are thinking of buying, call me. Don't wait for the proverbial "screws to be tightened."

As expected, the Bank of Canada--satisfied with the sharp decline in recent inflation pressure--raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0% later this year and to the target of 2% in 2024 is subject to considerable uncertainty.  The Bank ack...

01/24/2023

ANOTHER INTEREST RATE DECISION LOOMS - TOMORROW. “Another Bank of Canada interest rate decision is upon us and as the end of the hiking cycle draws near, it promises to be a cliff hanger.”

Bank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out

01/10/2023

Knowledge is power. Market analytics for dummies...;) Check this out. How to understand real estate market trends. And, what is a 'trend' anyway? How to differentiate between micro and mega trends? A "how-to' by the data analytics expert at the Greater Vancouver Real Estate Board. Take it away Andrew! Andrew Lis, Director of Economics and Data Analytics, REBGV,

Andrew Lis, REBGV's Director Economics and Data Analytics, explains the sometimes complicated housing market in simple terms.In this video, he explains how t...

03/14/2022

The beautiful moments that make a home a home. That, and a massive 14,200 sq ft lot. Welcome to 23455 Tamarack Lane. Kanaka Ridge Estates. Price: $1,449,000.

01/02/2022

Happy New Year dear friends and clients!

07/28/2021

Looking for a beautiful home with a view and all at a great price? Elevate your horizons with this stunning view from the 20th floor. Enjoy a verdant vista and more at #2003 - 5611 Goring St., Burnaby. This home lives large at 1272 sq. ft., with 2 brs and den. Conveniently located near Holdom station. PRICE: $875,000. Don't wait. Call me today.

06/21/2021

Welcome to the heart ❤️❤️❤️ of things ~ CS Lewis. Queen’s Park is the heart of Western Canada’s largest Heritage Conservation Area, the Queen’s Park neighbourhood, New Westminster, BC. Queen’s Park - older than Stanley Park.