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Bank of Canada Interest Rate Announcement

The Bank of Canada maintained its overnight policy rate at 2.25% this morning.  In the statement accompanying the decision, the Bank noted that the war in the Middle East has increased volatility and heightened risks in the global economy but the Bank still expects the Canadian economy to grow modestly in 2026 though the labour market remains soft and growth looks to be weaker than expected in Q1. On inflation, the Bank expects the sharp increase in energy prices to push CPI inflation higher in coming months.

 

 

Absent a U.S. war with Iran and its knock‑on effects on oil prices and other downstream costs, there is a strong case for the Bank of Canada to be lowering its policy rate. Core inflation continues to decelerate, with three‑month measures falling again in February and now averaging just over 1%. Economic growth is likely to come in below the Bank’s somewhat optimistic Q1 forecast, and Canada just recorded its weakest month for employment growth since 2022. Instead, the Bank will need to assess the inflationary impulse from a potential supply shock and the risk of pass‑through to inflation expectations, which argues for some degree of caution. Most estimates suggest that an extended period of high oil prices could add 1% to inflation, potentially pushing growth in consumer prices back to over 3%. While it is possible that the Bank would look through a temporary shock to prices and react instead to a weakening economy, the situation is currently too uncertain for there to be any strong conviction in a policy direction.

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New property listed in Whalley, North Surrey

I have listed a new property at 111 14355 103 Avenue in Surrey. See details here

Claridge Court! Well-maintained ground floor 653 sq. ft. 1 bedroom and den with option to use as a second bedroom, 1 bath unit in a prime location, offering original features and great potential. Enjoy a functional layout, ample natural light, and the convenience of a desirable neighborhood close to shopping, dining, and transportation. Ideal for first time home buyers or investors seeking value in a sought-after area. 1 parking stall, storage locker, $285.83 strata fee, 2025 roof

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New property listed in White Rock, South Surrey White Rock

I have listed a new property at 1056 Stevens Street in White Rock. See details here

East White Rock Beach Cottage. Well, maintained by current owners, 1200 sq. ft. bright open plan, 2 bedrooms, heated sunporch/3rd bedroom, 1 freshly updated bath. Features high ceilings, large bright windows and laminate flooring. 7,128 sq. ft. rectangular lot, 54 ft. frontage and 131 ft. depth. Trees border the fence line. Maturely landscaped front and rear, provides privacy and solitude. High point on hill will give potential ocean view with new build, RS-2 zoning allows for one unit residential or house plex. Perfect location within blocks of Marine Drive promenade, parks, shops and restaurants and bus stop. Easy access to freeway and border. Peace Arch Elementary and Earl Marriot Schools.

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Open House. Open House on Saturday, March 14, 2026 2:00PM - 3:30PM

Please visit our Open House at 9564 204a Street in Langley. See details here

Open House on Saturday, March 14, 2026 2:00PM - 3:30PM

Walnut Grove. Nicely updated family home. Sought after RV covered parking, Car covered parking, with room for 2nd vehicle open parking, all behind gates. Oversized double garage. 10,088 sq. ft. cul de sac lot, with a fenced and hedged private north-east facing rear yard. 1807 sq. ft., main floor open layout, upper level 3 bedrooms, all generous room sizes. Features: 2010 asphalt roof. Expansive and gated rear sundeck with retractable sunshade ceiling. Extensive hardwood flooring on main, 2 gas fireplaces. Renovated kitchen: floor to ceiling cabinetry, granite counters, stainless appliances, renovated baths: new cabinets, fixtures, granite and quartz tops, primary seamless shower. Blocks to shopping, schools and park trails. Open House Sat., March 14, 2 to 3:30

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I have sold a property at 201 15428 31 Avenue in Surrey

I have sold a property at 201 15428 31 Avenue in Surrey on Mar 3, 2026. See details here

Discover modern sophistication in this expansive 910 sq. ft., 2-bedroom, 2-bath residence featuring a flowing layout and exceptional privacy. Upgraded kitchen, gas stove, stainless appliances, quartz counter tops, and designer fixtures. Two private decks extend the living space outdoors, creating perfect settings for entertaining or quiet relaxation. A thoughtfully designed workspace adds versatility, all within proximity to transit, schools, and high-end retail amenities. Headwaters offer a live, work and play community with office spaces for rent, party room with kitchen, playground, and gym. $424.34 strata fee, 2 parking spots, storage locker, 4 charging stations and secured bike storage. Call today for a private viewing!

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Open House. Open House on Sunday, March 15, 2026 2:00PM - 3:30PM

Please visit our Open House at 14204 North Bluff Road in White Rock. See details here

Open House on Sunday, March 15, 2026 2:00PM - 3:30PM

White Rock – Prime West Side Luxury 1/2 Duplexes. Each 3,503 sq. ft. on 4,545 sq. ft. southern exposed lots. High-end construction, extensive millwork, detailed finish. Main floor 10' ceiling, parlor, great room, chef's size kitchen & wok kitchen leads to a 19' x 12' covered sundeck with gas fireplace. Upper level offers 4 bedrooms, 3 full baths including beautiful primary suite with covered sundeck. Walk-out basement features 2 games rooms, plumbed bar, 2 bedroom, 2 full baths. Ideal for extended family. Wide plank floors all levels, Right Choice Kitchen Cabinetry & Built-ins, quartz tops, rod iron staircase, heat pump, generator, video security and much more. Double garages, wide driveway, street parking. Steps to Bayridge, Semiahmoo schools. Open house Sat. March 15, 2 to 3:30 pm

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Open House. Open House on Sunday, March 15, 2026 2:00PM - 3:30PM

Please visit our Open House at 14206 North Bluff Road in White Rock. See details here

Open House on Sunday, March 15, 2026 2:00PM - 3:30PM

White Rock – Prime West Side Luxury 1/2 Duplexes. Each 3,503 sq. ft. on 4,545 sq. ft. southern exposed lots. High-end construction, extensive millwork, detailed finish. Main floor 10' ceiling, parlor, great room, chef's size kitchen & wok kitchen leads to a 19' x 12' covered sundeck with gas fireplace. Upper level offers 4 bedrooms, 3 full baths including beautiful primary suite with covered sundeck. Walk-out basement features 2 games rooms, plumbed bar, 2 bedroom, 2 full baths. Ideal for extended family. Wide plank floors all levels, Right Choice Kitchen Cabinetry & Built-ins, quartz tops, rod iron staircase, heat pump, generator, video security and much more. Double garages, wide driveway, street parking. Steps to Bayridge, Semiahmoo schools, White Rock beach. Open house Sat. March 15, 2

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Coldest Night of The Year 2026

Big Shout to Everyone Supporting the 13th Annual Coldest Night of the Year, raising $215,000 and counting, with funds raised supporting individuals and families in our community experiencing, hunger, homelessness, isolation and mental health challenges.

Great-full to the part of HomeLife Benchmark Realty, Leading Co-Sponsor.

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New property listed in Walnut Grove, Langley

I have listed a new property at 9564 204a Street in Langley. See details here

Walnut Grove. Nicely updated family home. Sought after RV covered parking, Car covered parking, with room for 2nd vehicle open parking, all behind gates. Oversized double garage. 10,088 sq. ft. cul de sac lot, with a fenced and hedged private north-east facing rear yard. 1807 sq. ft., main floor open layout, upper level 3 bedrooms, all generous room sizes. Features: 2010 asphalt roof. Expansive and gated rear sundeck with retractable sunshade ceiling. Extensive hardwood flooring on main, 2 gas fireplaces. Renovated kitchen: floor to ceiling cabinetry, granite counters, stainless appliances, renovated baths: new cabinets, fixtures, granite and quartz tops, primary seamless shower. Blocks to shopping, schools and park trails. Open House Sat., March 7, 2 to 3:30

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Open House. Open House on Saturday, March 7, 2026 2:00PM - 3:30PM

Please visit our Open House at 9564 204a Street in Langley. See details here

Open House on Saturday, March 7, 2026 2:00PM - 3:30PM

Walnut Grove. Nicely updated family home. Sought after RV covered parking, Car covered parking, with room for 2nd vehicle open parking, all behind gates. Oversized double garage. 10,088 sq. ft. cul de sac lot, with a fenced and hedged private north-east facing rear yard. 1807 sq. ft., main floor open layout, upper level 3 bedrooms, all generous room sizes. Features: 2010 asphalt roof. Expansive and gated rear sundeck with retractable sunshade ceiling. Extensive hardwood flooring on main, 2 gas fireplaces. Renovated kitchen: floor to ceiling cabinetry, granite counters, stainless appliances, renovated baths: new cabinets, fixtures, granite and quartz tops, primary seamless shower. Blocks to shopping, schools and park trails. Open House Sat., March 7, 2 to 3:30

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Open House. Open House on Sunday, March 8, 2026 2:00PM - 3:30PM

Please visit our Open House at 205 1929 154 Street in Surrey. See details here

Open House on Sunday, March 8, 2026 2:00PM - 3:30PM

Stratford Garden - Former Georgia Award Complex. Enclave of 3 buildings. Partially rain screened. Move in ready new paint and flooring. 1065 sq. ft. 2-bedroom, 2-bath plan, with an east facing patio, overlooks front garden. 1 parking stall, locker and bike room. 2nd parking stall $20.00 per month. Enjoy 2 guest suites, party, exercise room and pool rooms, plus large and fully stocked workshop. All ages welcome, primarily working people and retirees, active social committee. 1 dog or 1 cat, no height or weight restriction. Strata go above and beyond to ensure building maintained, with over $1,500,000 in the contingency fund and growing. Sides onto Bakerview Park, easy walk to Semiahmoo Mall and Peninsula Shopping Center. Early possession possible. Open House: Sunday, March 8, 2 to 3:30

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Open House. Open House on Saturday, March 7, 2026 12:00PM - 1:30PM

Please visit our Open House at 111 14355 103 Avenue in Surrey. See details here

Open House on Saturday, March 7, 2026 12:00PM - 1:30PM

Claridge Court! Well-maintained ground floor 653 sq. ft. 1 bedroom and den with option to use as a second bedroom, 1 bath unit in a prime location, offering original features and great potential. Enjoy a functional layout, ample natural light, and the convenience of a desirable neighborhood close to shopping, dining, and transportation. Ideal for first time home buyers or investors seeking value in a sought-after area. 1 parking stall, storage locker, $285.83 strata fee, 2025 roof. OPEN HOUSE, SAT. MARCH 7th @ 12:00-1:30

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