🚨 Attention Homebuyers! 🚨

The Bank of Canada has made its first interest rate cut in a while, sparking discussions about how this will impact the housing market. As rates begin to drop, we could see a shift in buyer activity. This might be the perfect time to consider your home-buying options before competition heats up again!

🏡📉 **Market Update: Home Sales Down in May - But There's Good News Ahead!** 📉🏡

May saw a slight dip in home sales, continuing a soft spring season with sales down 0.6% from April and 5.9% from last year. Higher borrowing costs and Bank of Canada uncertainty kept many buyers on the sidelines. However, new listings are on the rise, offering more options for prospective buyers.

🌟 **Considering Leaving B.C. Due to Housing Costs? Campbell Mortgages Can Help Nationwide!** 🌟

A recent poll by Angus Reid Institute reveals that one-third of B.C. residents are thinking about moving to another province due to skyrocketing housing costs. With cities like Vancouver, Burnaby, Victoria, and Kelowna among the most expensive in Canada, it's no surprise that many are exploring more affordable options.

### 🌟 Protect Your Future: The Importance of Personal Life, Critical Illness, and Disability Insurance 🌟

Life is unpredictable, and while we can't foresee the future, we can certainly prepare for it. Here's why personal life, critical illness, and disability insurance are essential for safeguarding your and your loved ones' future:

📉🏠 **Fix or Float? The Mortgage Dilemma is Heating Up! 🏠📉**

As the Bank of Canada gears up for potential rate cuts, homeowners and buyers face the age-old question: to fix or to float? 💭

**Canada's Single-Family Housing Crisis: Hitting 40-Year Lows**

The Government's promises to fix the housing crisis? Pure BS. It's clear now they were lying.

Even those tiny "dog crate" condos are seeing fewer builds nationwide.

2024 is set to hit a 7 or 10-year low for ALL housing starts. 🚫🏗️

🏠📈 Exciting News from the Canadian Housing Market! 📉🏡

The latest report from the Canadian Real Estate Association (CREA) paints a fascinating picture of our current housing landscape. 🇨🇦 Despite a slight dip in home sales, there's been a surge in new listings, creating the "most balanced" market conditions we've seen since before the pandemic hit. 📊✨

Canada has recently made a significant decision to increase its borrowing limit. This move underlines the economic challenges we're confronting as a nation. It's tough watching the strain on individuals and families trying to make ends meet. Despite our best efforts to economize, the sinking value of the Canadian dollar exacerbates these challenges. Over the past decade, the loonie has depreciated nearly 20% compared to the US dollar, which means every day, the purchasing power of our savings diminishes a little bit more.

📉 As recent reports show, Canadians are feeling the pinch with rising credit card and auto loan debts amidst higher interest rates and increasing economic pressures. This is causing concern among lenders as defaults on auto loans are starting to climb, showing signs that not all is well.

📈 Stay Ahead in the Mortgage Market Game! 🏠Are you keeping up with the latest trends in mortgage rates? As variable rates shift with anticipation of the Bank of Canada’s moves, fixed rates are on the rise. Don’t miss out on this crucial update for your homeownership plans!

It’s all done! The 2024 federal budget has just been unveiled, and it's packed with initiatives aimed at tackling housing affordability and supporting Canadians on their homeownership journey.

Check out the Key Points for housing.

Exciting News from Campbell Mortgages! 🎉 We're thrilled to share a game-changing update in the mortgage landscape: the extension of the 30-Year Amortization for CMHC Mortgages! 📈 What does this mean for you? If you're eyeing a home under $1M, meeting income and debt criteria, with less than a 20% down payment, this could be your ticket to a bigger mortgage and a dream home!

🏡 Attention Home Buyers & Investors in B.C. 🚀

Big news! The British Columbia government has just announced a new 20% flipping tax on properties sold within the first year of ownership. Aimed at cooling the speculative frenzy and making homes more accessible for real buyers, this move could be a game-changer for the housing market. 🏠💼