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janetabbott.com

July 2019 Issue
778-936-0000
Janet Abbott Experienced Real Estate Advice
July Newsletter

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  Janet Abbott Experienced Real Estate Advice
   Sutton Group West Coast Realty
   778-936-0000
  janetabbott.com

 

COWICHAN VALLEY SELLING PRICES REMAIN STRONG

Cowichan Valley real estate market continues strong. Although volume of sales has dropped from 2018, selling prices continue to increase. BCREA June 2019 mortgage forecast reports mortgage rates have returned to 2017 levels with 5 year mortgages offered at 3% of less. BCREA anticipates that current low mortgage rates will be around for most of the summer before rising modestly into next year, although the posted rate has not changed in close to a year which continues to make it difficult for insured borrowers to qualify.

July 10, 2019, the Bank of Canada maintained its target for the overnight rate at 1 ¾ percent. The Bank reports that recent data show the Canadian economy is returning to potential growth, although the outlook is clouded by persistent trade tensions therefore current policy interest rate remains appropriate.

 

Time to get out there and have some fun as we are already half way through summer vacation! It can be as close as your backyard or as ambitious as a camping trip across British Columbia. Whatever your pleasure, let’s all enjoy our Beautiful British Columbia.

Local Events

WindFest at Nitinat Lake
Nitinat Lake, BC
July 26, 2019 - July 28, 2019
Town of Lake Cowichan’s 75th Anniversary
Lake Cowichan, BC
August 16, 2019 - August 18, 2019
Mamma Mia! – A Smash Hit Musical
Chemainus, BC
May 24, 2019 - August 31, 2019

Latest Featured Listings

456905

Welcome to the Rossco, a modern affordable condo loaded with amenities! 456905

$199,900
1 Bathrooms 552 Sq Ft
454660

OCEAN VIEWS 454660

$719,900
4 Bedrooms 4 Bathrooms 2,602 Sq Ft

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.


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