TommyT Real Estate Agent

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09/14/2026

Will There Be a BoC Rate Hike in 2026?
As someone who’s watched markets ebb and flow through decades of business and real estate experience, I find it notable that most forecasts see the Bank of Canada’s policy rate holding steady right through 2026. Policymakers feel the current rate is doing its job—keeping inflation close to that 2% sweet spot while supporting broader economic stability. That ‘wait and see’ approach gives the bank room to monitor conditions before making any new moves. Of course, as anyone who’s weathered big market changes knows, global economic uncertainty can always throw a curveball. If inflation or international conditions shift, the outlook could change. For clients and fellow agents navigating the Lower Mainland and Fraser Valley, understanding these trends is key to making informed real estate decisions. It’s all about staying prepared and keeping an eye on the bigger picture—something I’ve valued since my earliest days helping customers in the family business.

CREA data shows home sales up 0.5% while new listings fall 1.6% — regional markets shift toward balanced territoryIt’s a...
09/13/2026

CREA data shows home sales up 0.5% while new listings fall 1.6% — regional markets shift toward balanced territory
It’s always interesting to watch the market ebb and flow—right now, CREA’s latest numbers tell the story: home sales nudged up by 0.5% even as new listings slipped by 1.6%. That places the sales-to-new listings ratio at 51.3%, a sign that many regions are moving into a more balanced territory. Inventory remains tight at just 4.7 months—something that those of us working with buyers and sellers feel every day—but prices are holding steady, showing only modest growth. Having worked through turbulent and quieter markets across Ontario and BC, I know how much a shift toward balance can mean for families and investors alike. Whether you’re planning your next move or simply keeping an eye on trends, it pays to have someone in your corner who’s seen these cycles first-hand and understands how subtle changes can shape the bigger picture.
https://www.housing-trends.com/agent-news/tom-thiessen/1950352-CREA-data-shows-home-sales-up-0.5%25-while-new-listings-fall-1

Bank of Canada Explores Rate Cuts’ Impact on Housing SolutionsAs someone who's spent decades in both business and real e...
09/12/2026

Bank of Canada Explores Rate Cuts’ Impact on Housing Solutions
As someone who's spent decades in both business and real estate, I've seen firsthand how shifts in interest rates ripple through our housing market. A recent study from the Bank of Canada highlights something many buyers and sellers are feeling: lowering interest rates can spark immediate demand for homes, but the actual supply—new builds and properties on the market—takes about two years to catch up. That gap can drive prices higher, even as financing becomes more affordable, and with construction costs staying high, it’s clear that adjusting monetary policy alone doesn’t solve the affordability puzzle. Navigating these challenges requires more than just watching rates; it calls for experience, market knowledge, and the kind of creative problem-solving I’ve built throughout my career helping families and investors across Greater Vancouver and the Fraser Valley. Understanding these dynamics is the first step—making smart moves in this environment is where the real opportunity lies.
https://www.housing-trends.com/agent-news/tom-thiessen/1939849-Bank-of-Canada-Explores-Rate-Cuts%E2%80%99-Impact-on-Housing-Solutio

Housing affordability improved in July from JuneSeeing some positive movement in housing affordability this July, especi...
09/11/2026

Housing affordability improved in July from June
Seeing some positive movement in housing affordability this July, especially for clients looking at Vancouver, Hamilton, or Regina. Home prices dropped in 10 out of 13 Canadian markets—something we haven't seen in a while. That means the income needed to qualify for a mortgage has gone down in these areas, even though mortgage rates only nudged down a bit. Most of this affordability boost comes from the price adjustments themselves. Having navigated every kind of market shift since my days helping families and investors across the Lower Mainland and Fraser Valley, I know these windows of opportunity matter. Whether you’re a first-time buyer or looking to move up, staying informed about local trends like these is key to making smart, confident decisions.
https://www.housing-trends.com/agent-news/tom-thiessen/1950683-Housing-affordability-improved-in-July-from-June

09/11/2026

Office space on the 2nd Floor 1578 sq ft. of Office space ideal for Lawyers, Medical Services, Education etc.Lease in Coquitlam Square Shopping Centre, behind Coquitlam Shopping Centre, walk to "Evergreen Line" (id:26452)

09/10/2026

Canada Housing Could Look Very Different in 2027

09/09/2026

Canada Renovations That Best Support Resale
After decades of following market cycles, I find the current outlook for Canada’s housing market both familiar and revealing. Recent trends are pointing to early signs of renewed momentum: resales are on the upswing, inventory has steadied, and prices are holding firm. It’s encouraging to see affordability and employment improvements restoring some buyer confidence—a pattern I’ve witnessed before across British Columbia and Ontario.

A key factor I’m watching closely is how quickly buyers, many of whom postponed their plans over the last while, feel ready to jump back in. With stronger savings and stable employment, the foundation is there for those who’ve been waiting on the sidelines.

Looking ahead to 2026, forecasts suggest we’ll see resales dip by about 4%, landing around 453,000, with benchmark prices easing down 2% to approximately $794,000. Then, as we head into 2027, a gradual rebound is expected—modest, but steady. Lower borrowing costs and a central bank holding rates should help, though trade tensions and energy volatility still loom as risks.

The projection is for resales and prices to rise across every province by 2027, but not in a dramatic fashion; more of a patchwork recovery than a sweeping change. Experience has taught me that real estate markets rarely move in straight lines. If you’re navigating your own plans—whether buying, selling, or investing—having a trusted advisor with a long view of the market landscape can make all the difference.

09/09/2026

Things You Should Always Keep If You Want to Sell Your Home Fast
Over the years, I’ve seen firsthand how the right features can make a home stand out and sell quickly. If you’re thinking of listing, here are some elements you should always keep in place to maximize your home’s appeal. Natural wood floors, even if they show a few scratches, are a real asset—they can be refinished and often add significant value. Mature landscaping and established trees create an inviting first impression, and outdoor furniture helps buyers picture themselves enjoying the space. Original architectural details give your home unique character, while white walls offer a clean, fresh canvas. Believe it or not, even things like family photos can make a house feel more welcoming to potential buyers. And unless you have a clear structural reason, it’s wise to avoid removing non-structural walls—open concept isn’t always the best route for everyone. Over decades working with families and investors across Greater Vancouver and the Fraser Valley, I’ve learned that these touches can make all the difference when it comes time to sell.

09/08/2026

Want Buyers To Remember Your Home? Do These
The Bank of Canada has chosen to hold its key interest rate steady at 2.25%. As someone who’s navigated economic ups and downs for decades—first in business, now in real estate—I always pay attention to these shifts. The Bank’s decision is rooted in a recovering economy and rising inflation risks. For context, Canada’s GDP grew by 3.3% in Q2, and unemployment dropped to 6.4% in July. The next rate announcement is set for October 28, 2026, when the Bank will reassess inflation and economic conditions.

I’ve seen how these numbers can shape the decisions of families, investors, and business owners alike—whether you’re considering buying your first home, investing, or planning your next move. Staying informed helps you approach the real estate market with confidence, even as the broader financial landscape evolves. My years in business and real estate have taught me the value of keeping a close eye on these signals, so you’re always one step ahead.

Address

20842 Lougheed Highway
Maple Ridge, BC
V2X2R3

Telephone

+6044184902

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