Rental Housing Crisis, Inflation Down, Credit Squeeze & How to Inspect Your House and Property, New Condo Listing, Open Houses and More

 

JUST LISTED  Check out this beautiful condo in Victoria BC that just hit the market. This incredible property:  1 Bedroom + Office Nook + 1 Bathroom  Steel & Concrete  Live / Work + Rooftop Deck w/ views  Walkable Convenient Location  OPEN HOUSE  Come on by this Sunday from 2-4PM  Click photos for details Creamy Coconut Rice with Five Spice Tofu Inspect your House & Property

It is advisable to do a thorough visual inspection of your home’s exterior, as well as any fences, sheds and other secondary buildings on your property, at least once or twice a year. Now, more than ever, extreme and unexpected weather events happen with greater severity and less predictable outcomes. So, it’s important to anticipate the ability of your property assets to withstand the unexpected. The most critical areas in need of protection are your roof and foundation, as they work hand-in-hand to protect your home’s overall structural soundness. Check that roofing, gutters and downspouts offer seamless protection and runoff management. Ensure that joints and valleys are sealed, and overhangs are stabilized so that wind and rain won’t force a rupture or breach. On the ground, look for cracks and gaps in concrete that are susceptible to invasive moisture. Likewise, make an effort to build soil up at foundation walls and fence posts, to direct the runoff away from all buildings and fences. Also, be sure that nearby trees are trimmed to mitigate the risk of branches falling during a storm. By keeping a close eye on the condition of your real estate investment, and preventing avoidable damage, you’ll be protecting its long-term value.

Financial Post Canada on cusp of rental housing crisis, says RBC, as population growth sets record Alarm bells are sounding again over a housing shortage in Canada, this time in the rental market. An analysis from RBC Economics warned that unless the pace of construction of rental housing accelerates, the current shortage of 30,000 units could quadruple to 120,000 by 2026. Financial Post Canada's housing market seen as 'main casualty' of looming credit squeeze Credit Suisse’s historic rescue appears to have quieted fears that the world is tumbling toward a global financial crisis — for now. But as the dust settles on more than a week of fear and turmoil sparked by the collapse of the Silicon Valley Bank, there is one impact most economists agree will linger — credit conditions are going to tighten. Real Estate Magazine – Sidelined homebuyers ready to return to the market: report Financial Post – 'It's not always straightforward': The risks and rewards of buying a pre-construction home Globe and Mail – CARRICK: The good, the sad and the unaffordable - Saving for a home down payment in Canada’s big cities Storeys – Canadian home prices saw nominal decline in February, edging closer to bottom Canadian Mortgage Professional – Canada inflation rate hits 13-month low Mortgage providers slash rates in wake of bond yield drop (Canadian Mortgage Trends)  Annual pace of inflation cooled in February (BNN Bloomberg)  Canadian banks well equipped to handle further market turbulence (BNN Bloomberg)  Vertical villages can help solve affordable housing crisis (Real Estate News EXchange)  Real estate market on the upswing after challenging year (CTV News)  Even if this banking crisis is not a repeat of 2008, it won't be a picnic (Financial Post)  CBC News – Canada's population grew by record 1 million in 2022, spurred by international migration CBC News – Thousands of military members to be cut off as Ottawa introduces expanded housing benefit Toronto Star – Canada needs 300,000 new rental units to avoid gap quadrupling by 2026: report Storeys – With sky-high rents, does it make more sense to buy? Storeys – Canada's rental housing shortage could exceed 120K units by 2026 Canadian Mortgage Professional – Canada population grows by over 1 million for first time in history Canadian Mortgage Professional – RBC sounds alarm on rental housing supply Business in Vancouver Liberals introduce legislation to create a corporate ownership registry The federal Liberals are moving ahead with plans to create an ownership registry after promising to increase transparency about who owns and controls corporations. Vancouver Sun – Former Canucks captain Bo Horvat selling Vancouver home for $5.6 million CBC B.C. – Students and advocates divert thousands of tonnes of plastic from B.C. farms Notable, Quotable, Quotes! “You are never too old to set another goal or to dream a new dream.” C.S. Lewis Real estate questions?  You can call me anytime, I am always happy to help! Best regards, Diana Winger Personal Real Estate Corporation | eXp Realty CNE, SRS, SRES, ABR Mortgage Agent | Dominion Lending Centres  ON YOUR TEAM! HomeVictoria.com  Housesforsale369.com Searchbestmortgages.com 250-588-8839