Steve Davis : Blog

Bank of Canada March 18, 2026

Posted on March 19, 2026 by Steve Davis

📣 MARKET UPDATE: Interest Rates Hold Steady

The Bank of Canada has announced that it is holding its key interest rate at 2.25% no change from the previous decision.

What does this mean for you?

🏡 Buyers:
Stability in rates means more predictability when planning your purchase. If you’ve been waiting for the “right time,” this could be your window to act with confidence.

💰 Sellers:
Buyer confidence typically improves when rates hold steady. This can translate into stronger demand and more serious offers.

📊 Market Insight:
While inflation is currently under control, global factors (like rising energy prices) are creating some uncertainty—so the Bank is taking a cautious “wait and see” approach.

✨ Bottom Line:
We’re in a more balanced and stable rate environment—for now. Opportunities exist on both sides of the market, especially for those ready to make a move.

If you’re thinking about buying, selling, or just want to understand what this means for your situation, let’s chat!

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Open House. Open House on Saturday, March 21, 2026 2:00PM - 4:00PM

Posted on March 19, 2026 by Steve Davis

Posted in Uptown NW, New Westminster Real Estate

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, March 21, 2026 2:00PM - 4:00PM

Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a kitchen, patio and pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.

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Open House. Open House on Sunday, March 22, 2026 2:00PM - 4:00PM

Posted on March 19, 2026 by Steve Davis

Posted in Uptown NW, New Westminster Real Estate

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, March 22, 2026 2:00PM - 4:00PM

Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a kitchen, patio and pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.

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Market Update for February 2026

Posted on March 14, 2026 by Steve Davis

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Open House. Open House on Sunday, March 15, 2026 2:00PM - 4:00PM

Posted on March 12, 2026 by Steve Davis

Posted in Uptown NW, New Westminster Real Estate

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, March 15, 2026 2:00PM - 4:00PM

Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a kitchen, patio and pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.

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

Posted on March 12, 2026 by Steve Davis

Posted in Uptown NW, New Westminster Real Estate

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

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

Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a kitchen, patio and pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.

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Open House. Open House on Saturday, March 7, 2026 2:00PM - 4:00PM

Posted on March 6, 2026 by Steve Davis

Posted in Uptown NW, New Westminster Real Estate

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, March 7, 2026 2:00PM - 4:00PM

Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a kitchen, patio and pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.

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Open House. Open House on Sunday, March 8, 2026 2:00PM - 4:00PM

Posted on March 6, 2026 by Steve Davis

Posted in Uptown NW, New Westminster Real Estate

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, March 8, 2026 2:00PM - 4:00PM

Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a kitchen, patio and pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.

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Metro Vancouver Market Update – February 2026

Posted on March 5, 2026 by Steve Davis

February home sales on the MLS® in Metro Vancouver continued the recent trend of slower-than-average sales, seeing a ten percent decline over the same period last year.

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Sales-to-Active Listings Ratio - February 2026

Posted on March 4, 2026 by Steve Davis

Metro Vancouver Market Update – February 2026 🏡

Overall, the sales-to-active listings ratio is 12.6%, with detached homes at 9%, attached at 16.6%, and apartments at 14.1%.
Historically, when this ratio drops below 12% for a while, prices can come under downward pressure. When it’s over 20% for months, prices often rise.

💡 What this means: Fewer sellers are coming to market compared to last year. With demand picking up this spring, we might see inventory hold steady, which could keep prices around current levels.

Detached homes: 427 sold in February (down 10.5% from last year). Benchmark price: $1,835,900 (down 8.8% YoY).
Apartments: 824 sold (down 15.6% YoY). Benchmark price: $708,200 (down 6.8% YoY).
Attached homes/townhouses: 387 sold (up 7.8% YoY). Benchmark price: $1,046,100 (down 5.6% YoY).

The spring market will be the test to see if we continue along this “new normal” or if surprises are in store.

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New normal for Metro Vancouver’s housing market continues

Posted on March 4, 2026 by Steve Davis

Metro Vancouver* home sales registered on the MLS® in February continued the recent trend of slower-than-average sales, seeing a ten per cent decline over the same period last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,648 in February 2026, a 9.8 per cent decrease from the 1,827 sales recorded in February 2025. This was 28.7 per cent below the 10-year seasonal average (2,310).

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METRO VANCOUVER MARKET HIGHLIGHTS

Posted on March 4, 2026 by Steve Davis

There were 4,734 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2026. This represents a 6.4 per cent decrease compared to the 5,057 properties listed in February 2025. This was 7.1 per cent above the 10-year seasonal average (4,421).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 13,545, a 6.3 per cent increase compared to February 2025 (12,744). This is 37 per cent above the 10-year seasonal average (9,886).

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