International News

Mortgage approvals fall to lowest level – BoE report

Mortgage approvals fall to lowest level – BoE report

Source: MPA Mag ---  Net borrowing of mortgage debt by individuals rose in November 2022, but mortgage approvals for house purchases fell to its lowest level since mid-2020, according to lending data released by the Bank of England (BoE) on Wednesday. The central...

UK commercial property values set for new year decline

UK commercial property values set for new year decline

Source: Financial Times --- UK commercial property values and rents are predicted to “tumble off a cliff edge” in the first quarter of 2023, as estate agents warn offices will fare worst as prices fall. A survey of more than 400 commercial agents forecast a 2.9 per...

Okanagan real estate market year in review

Okanagan real estate market year in review

Source: Global News --- The Okanagan real estate market went through extreme growing pains this year. According to the Association of Interior Realtors (AIR) the market at the beginning of 2022 was quite pressurized due to an influx of people moving to B.C.’s Southern...

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