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Bank of Canada Recent Rate Cuts Not Managed to Coax Buyers in Greater Vancouver Off The Sidelines

The Vancouver-area real estate market is moving closer to buyer-friendly territory as inventories surged in September but sales stayed stubbornly sluggish, said realtor groups. Recent interest rate cuts by the … [read more]

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Condo Developments are Moving to Suburbs as Rising Costs & Challenging Financing Conditions

On Thursday, Canada Housing and Mortgage Corporation (CMHC) published its bi-annual housing supply report, which focuses on new housing construction trends in Montréal, Ottawa, Toronto, Edmonton, Calgary, and Vancouver. CMHC … [read more]

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Burnaby & New Westminster Anticipate Bustling Futures Defined by Population Growth & Redevelopment

Driving along the Fraser River toward New Westminster, one can see massive concrete columns rising from the waters below. A marvel of engineering, the BC Ministry of Transportation and Infrastructure’s … [read more]

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Metro Vancouver Inventory Up 31.2% & Residential HPI Represents A 1.8% decrease Y/Y, Giving Buyers A Break

Metro Vancouver home sales declined by 3.8% in September 2024 compared to September 2023, suggesting that recent interest rate reductions are having a limited effect on demand so far. The … [read more]

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Fraser Valley Housing Market Factors in Affordability Challenges & The Anticipation of More Interest Rate Cuts

SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30% below the 10-year average, Fraser Valley real estate is building towards a buyer’s market … [read more]

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CMHC Housing Starts Rose 4% Y/Y, But Still Not Enough for Growing Demand in Canada’s 6 Largest Cities

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still … [read more]

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