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Open House. Open House on Saturday, August 1, 2026 2:00PM - 4:00PM
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Open House. Open House on Saturday, August 1, 2026 2:00PM - 4:00PM

Please visit our Open House at 1801 6611 Southoaks Crescent Crescent in Burnaby. See details here Open House on Saturday, August 1, ...

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Open House. Open House on Sunday, August 2, 2026 2:00PM - 4:00PM
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Open House. Open House on Sunday, August 2, 2026 2:00PM - 4:00PM

Please visit our Open House at 1801 6611 Southoaks Crescent Crescent in Burnaby. See details here Open House on Sunday, August 2, 2026 ...

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New property listed in Highgate, Burnaby South
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New property listed in Highgate, Burnaby South

I have listed a new property at 1801 6611 Southoaks Crescent Crescent in Burnaby. See details here AMAZING VIEWS of North Shore Mountains, ...

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Open House. Open House on Sunday, July 26, 2026 2:00PM - 4:00PM
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Open House. Open House on Sunday, July 26, 2026 2:00PM - 4:00PM

Please visit our Open House at 1801 6611 Southoaks Crescent Crescent in Burnaby. See details here Open House on Sunday, July 26, 2026 ...

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Bank of Canada maintains policy rate at 2.25%
Real Estate Blog

Bank of Canada maintains policy rate at 2.25%

Today, March 18, 2026, the Bank of Canada (BoC) announced its second interest rate decision of the year. In a move that many economists ...

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Open House. Open House on Saturday, March 14, 2026 2:00PM - 4:00PM
Open Houses

Open House. Open House on Saturday, March 14, 2026 2:00PM - 4:00PM

Please visit our Open House at 317 13777 75a Avenue in Surrey. See details here Open House on Saturday, March 14, 2026 2:00PM - 4:00PM ...

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Posted in Highgate, Burnaby South Real Estate
Open House. Open House on Saturday, August 1, 2026 2:00PM - 4:00PM

Please visit our Open House at 1801 6611 Southoaks Crescent Crescent in Burnaby. See details here

Open House on Saturday, August 1, 2026 2:00PM - 4:00PM

Dive into AMAZING VIEWS of the North Shore Mountains, city skyline and Fraser River! Experience resort-style concrete high-rise living at Gemini I by Bosa, ideally situated between Metrotown and Highgate. This rarely available northeast corner home offers approximately 1,023 sq. ft. of living space with 2 bedrooms, 2 bathrooms, a spacious living room with a cozy gas fireplace, and an impressive 160+ sq. ft. covered balcony showcasing breathtaking, unobstructed views. Enjoy premium building amenities including a gym, hot tub, sauna and steam room, along with 1 parking stall, 1 storage locker and access to an electric vehicle charging facility. Pet-friendly and conveniently located near transit, Edmonds SkyTrain, parks, schools, shopping, restaurants and everyday essentials.

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Posted in Highgate, Burnaby South Real Estate
Open House. Open House on Sunday, August 2, 2026 2:00PM - 4:00PM

Please visit our Open House at 1801 6611 Southoaks Crescent Crescent in Burnaby. See details here

Open House on Sunday, August 2, 2026 2:00PM - 4:00PM

Dive into AMAZING VIEWS of the North Shore Mountains, city skyline and Fraser River! Experience resort-style concrete high-rise living at Gemini I by Bosa, ideally situated between Metrotown and Highgate. This rarely available northeast corner home offers approximately 1,023 sq. ft. of living space with 2 bedrooms, 2 bathrooms, a spacious living room with a cozy gas fireplace, and an impressive 160+ sq. ft. covered balcony showcasing breathtaking, unobstructed views. Enjoy premium building amenities including a gym, hot tub, sauna and steam room, along with 1 parking stall, 1 storage locker and access to an electric vehicle charging facility. Pet-friendly and conveniently located near transit, Edmonds SkyTrain, parks, schools, shopping, restaurants and everyday essentials.

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Posted in Highgate, Burnaby South Real Estate
New property listed in Highgate, Burnaby South

I have listed a new property at 1801 6611 Southoaks Crescent Crescent in Burnaby. See details here

AMAZING VIEWS of North Shore Mountains, City and the Fraser river. Experience resort-style concrete high-rise living at Gemini I by Bosa, ideally located between Metrotown and Highgate. This rarely available northeast corner unit offers 1,023 square feet of living space featuring two bedrooms, two bathrooms, a spacious living room with a cozy gas fireplace, and a massive 160-plus square foot covered balcony showcasing breathtaking, unobstructed views of the North Shore Mountains, city skyline, and Fraser River. Complete with premium building amenities including a gym, hot tub, sauna, and steam room plus one parking stall, one storage locker, and a pet-friendly policy, this home places transit, SkyTrain, parks, and shopping just steps from your door.

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Posted in Highgate, Burnaby South Real Estate
Open House. Open House on Sunday, July 26, 2026 2:00PM - 4:00PM

Please visit our Open House at 1801 6611 Southoaks Crescent Crescent in Burnaby. See details here

Open House on Sunday, July 26, 2026 2:00PM - 4:00PM

AMAZING VIEWS of North Shore Mountains, City and the Fraser river. Experience resort-style concrete high-rise living at Gemini I by Bosa, ideally located between Metrotown and Highgate. This rarely available northeast corner unit offers 1,023 square feet of living space featuring two bedrooms, two bathrooms, a spacious living room with a cozy gas fireplace, and a massive 160-plus square foot covered balcony showcasing breathtaking, unobstructed views of the North Shore Mountains, city skyline, and Fraser River. Complete with premium building amenities including a gym, hot tub, sauna, and steam room plus one parking stall, one storage locker, and a pet-friendly policy, this home places transit, SkyTrain, parks, and shopping just steps from your door.

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Bank of Canada maintains policy rate at 2.25%

Today, March 18, 2026, the Bank of Canada (BoC) announced its second interest rate decision of the year. In a move that many economists anticipated but one that carries significant weight given the current global climate, the Bank has chosen to stay the course.

Here’s a breakdown of what happened and what it means for your wallet.

Rates Held at 2.25%

For the third consecutive time, the Bank of Canada has maintained its target for the overnight rate at 2.25%. The Bank Rate remains at 2.50%, and the deposit rate is 2.20%.

While the "hold" might feel like old news, the context behind this decision is anything but. Governor Tiff Macklem described a "dilemma" facing the governing council: a cooling domestic economy vs. new global inflationary pressures.

Why the Hold? A Balancing Act

The Bank is essentially caught between two opposing forces:

  1. The Energy Shock: The escalating conflict in the Middle East—specifically the war in Iran—has sent oil prices soaring toward $100 per barrel. This is expected to push inflation higher in the short term.

  2. Domestic Weakness: Canada’s economy is showing signs of fatigue. GDP shrank by 0.6% in the final quarter of last year, and the labor market lost roughly 84,000 jobs in February, pushing the unemployment rate up to 6.7%.

"We can't fix the war," Macklem stated. "What we can do, though... is ensure that if energy prices stay high, that it does not become ongoing, generalized, persistent inflation."

Key Takeaways for Canadians

1. Mortgages and Loans

  • Variable-Rate Holders: Since the prime rate is unlikely to move following this announcement, your payments (or the portion going toward principal) should remain steady for now.

  • Fixed-Rate Seekers: Fixed rates are influenced by the bond market. With global uncertainty and rising oil prices causing bond yields to fluctuate, we may see some volatility in fixed-term offers even without a BoC move.

2. The Inflation "Blip"

While inflation recently dipped to 1.8% in February (well within the Bank's 1–3% target), today's warning suggests we should prepare for a "bump" in the coming months as higher gas prices filter through the economy.

3. The "Wait and See" Approach

The Bank explicitly mentioned that it is too early to tell how long the Middle East conflict or U.S. trade policy uncertainties will last. They are choosing to be "patient but vigilant," essentially keeping their powder dry until they see how these external shocks settle.

What’s Next?

The next major milestone is April 29, 2026. This will be a "double-feature" day where the Bank not only announces the next rate decision but also releases its full Monetary Policy Report (MPR). This report will provide the updated forecasts for growth and inflation that will likely dictate whether rates stay flat or start to move in the second half of the year.

The Bottom Line: For now, the era of stable rates continues, but the world around us is becoming increasingly unpredictable.
Source

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Posted in East Newton, Surrey Real Estate
Open House. Open House on Saturday, March 14, 2026 2:00PM - 4:00PM

Please visit our Open House at 317 13777 75a Avenue in Surrey. See details here

Open House on Saturday, March 14, 2026 2:00PM - 4:00PM

Welcome to Silva 2, where contemporary design meets ultimate convenience. This brand-new, GST-paid 1-bedroom home features a smart open layout with 9-ft ceilings, wide-plank flooring, and a sleek kitchen with quartz countertops and stainless steel appliances. Enjoy 665 sq ft of total living space, including a private 81 sq ft balcony perfect for indoor-outdoor living. Residents enjoy resort-style amenities: a fitness centre, indoor/outdoor lounges, plus dedicated pet and car wash stations. Perfectly situated in vibrant East Newton, you are steps from transit, schools, and parks, and minutes from Costco, Superstore, and dining. An exceptional opportunity for first-time buyers, downsizers, or savvy investors. Move-in ready!

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Posted in East Newton, Surrey Real Estate
New property listed in East Newton, Surrey

I have listed a new property at 317 13777 75a Avenue in Surrey. See details here

Welcome to Silva 2, where contemporary design meets ultimate convenience. This brand-new, GST-paid 1-bedroom home features a smart open layout with 9-ft ceilings, wide-plank flooring, and a sleek kitchen with quartz countertops and stainless steel appliances. Enjoy 665 sq ft of total living space, including a private 81 sq ft balcony perfect for indoor-outdoor living. Residents enjoy resort-style amenities: a fitness centre, indoor/outdoor lounges, plus dedicated pet and car wash stations. Perfectly situated in vibrant East Newton, you are steps from transit, schools, and parks, and minutes from Costco, Superstore, and dining. An exceptional opportunity for first-time buyers, downsizers, or savvy investors. Move-in ready!

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Categories:   East Newton, Surrey Real Estate | Highgate, Burnaby South Real Estate
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