Christina Grey

03/08/2025

Here’s to the power, impact and resilience of women, today and everyday

02/15/2025

And proudly flying this nations flag!

01/29/2025

Bank of Canada Interest Rate Announcement - The Bank of Canada lowered its overnight policy rate by 25 basis points this morning from 3.25 per cent to 3 per cent. In the statement accompanying the decision, the Bank noted that its projections are subject to more-than-usual uncertainty due to the threat of tariffs by the new administration in the United States. The Bank's baseline forecast is for continued strength in consumption and housing activity and stronger exports due to expanded capacity for the export of oil and gas. However, Canada's labour market remains soft, and wage pressures are easing. Slower population growth will lead to weaker GDP growth with the Bank now forecasting the economy will grow by 1.8 per cent in both 2025 and 2026. On inflation, the Bank expects CPI inflation to remain close to 2 per cent over the next two years.

01/03/2025

If you're thinking about selling residential property within a short timeframe, it's important to take into account the new B.C. home flipping tax. 💸 🏠 If you have any questions, please reach out!

Learn more about this new tax at www2.gov.bc.ca/gov

09/16/2024

09/04/2024

The August stats are in! ☀📊 It's no surprise that in the last month of summer listings were down slightly compared to July, and sales were close to what we saw in 2023.

"The final month of the summer is generally a rather relaxed one in terms of real estate sales and listings," said 2024 Victoria Real Estate Board Chair Laurie Lidstone. "Many folks pause their home shopping activities or pause their sales listing to make the most of other summer activities and vacations."

07/25/2024

📉 The Bank of Canada has reduced its target for the overnight lending rate by another 25 basis points to 4.50%! 🎉🏠

For more details and insights on how this decision will impact the housing market. Tap the link below! 🔗👀

https://blog.royallepage.ca/bank-of-canada-update-july-2024/

07/06/2024

The June stats are in! 📊 As expected, the busy spring market has transitioned into the slower summer market, following typical seasonal trends.🌞 If this pattern persists, we can anticipate a quieter July and August as consumers shift their focus to vacations and outdoor activities. 🏖️ "I think this is good news, as the more stable the market is, the more it supports both buyers and sellers," says VREB Chair Laurie Lidstone.

06/25/2024

Tired of getting the runaround? 🙄 Let’s cut to the chase: whether you are buying your first home or ready to sell and downsize, our agents will deliver! 💯 Zero BS.

🔗 Visit royallepage.ca to find an agent.

06/21/2024

🌞☀️ Welcome, Summer! Today marks the longest day of the year, let's soaking up every golden ray. Time for sun-kissed adventures, sandy toes, and endless blue skies. Let’s make some unforgettable summer memories! 🌊🍉🌺

06/14/2024

The May 2024 market stats are in! 📈 With a greater number of listings available last month, buyers had more options and could make well-informed decisions at their own pace. The higher inventory levels also helped keep prices steady by reducing upward pressure. 🏠

06/05/2024

The Bank of Canada reduced its target for the overnight lending rate today by 25 basis points to 4.75%. The long-awaited move comes after 11 months of rate holds, and marks the first time in more than four years that the key lending rate has been cut. 📣🔑

“Our research indicates that half of sidelined homebuyers in Canada plan to resume their home search plans once the bank rate begins to drop. This will no doubt spark activity and put upward pressure on home prices in the second half of the year,” said Phil Soper, president and CEO of Royal LePage. 🏠

🔗 Learn more by tapping the link below!
https://blog.royallepage.ca/bank-of-canada-update/

The BoC's next interest rate announcement is set for July 24th.