January 6th, 2021
While home buying activity in the Vancouver region is slowing down ahead of the holidays, it’s still on track to exceed home sales totals recorded in December 2019 and 2018. … [read more]
January 6th, 2021
SURREY, BC – In a year when the real estate market was at a standstill for months due to COVID-19, total annual sales in the Fraser Valley still finished 12.4% … [read more]
Comments Off on FVREB Housing Market is Favouring Sellers with Record-Breaking Activity
January 5th, 2021
A Canadian home price tracker known to be one of the best measures of price appreciation just experienced a record-breaking November increase. The Teranet-National Bank House Price Index rose 0.9 … [read more]
Comments Off on A Record-Breaking Home Prices Meaning The Market is Under-Supplied & Homesellers are Calling The Shots
January 5th, 2021
While home sales across the country declined slightly in November from the previous month, they were up a healthy 32 percent over the same time last year. In other words, … [read more]
Comments Off on Canadian Housing Markets Continue to Historically Strong Levels of Activity
January 5th, 2021
Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home … [read more]
Comments Off on REBGV Housing Market Shows Strong Activity in 2020
January 4th, 2021
Although 2020 will soon be in the rear-view mirror, the changes it ushered in will remain into 2021 and beyond, according to a forecast from RBC Economics. The COVID-19 pandemic … [read more]
Comments Off on A New Epoch of Decentralization will Remain into 2021 & Beyond
January 4th, 2021
Glad that’s finally over. 2020 is a year that will be talked about for decades—and not just because the Stanley Cup was awarded at the end of September. The coronavirus … [read more]
Comments Off on Good Riddance 2020 • Hello 2021 and Beyond
January 4th, 2021
Housing market activity remained at historically high levels across Canada, based on new data from the Canadian Real Estate Association (CREA). Home sales grew 32% year-over-year, and home prices rose … [read more]
Comments Off on Housing Market Activity Remained at Historically High levels Across Canada
December 30th, 2020
Home sales in Greater Vancouver proved resilient in November, surging 23% compared with the same month a year ago, according to the BC Real Estate Association (BCREA). Data released Monday … [read more]
Comments Off on BCREA Home Sales Surge, Average Residential Prices Hit New Record
December 29th, 2020
New townhomes recorded robust sales numbers in several markets across Canada this year, as consumers looked for affordable lower density options amid the pandemic. Real estate data firm Altus Group … [read more]
Comments Off on New Townhomes Demand Surged Across Canada
December 28th, 2020
November brought more of the same high-flying activity levels we’ve been seeing since the early summer to the Vancouver region’s housing market. Home prices again posted double-digit annual increases while … [read more]
Comments Off on Metro Vancouver Condo Market is Set to Change in 2021
December 23rd, 2020
With a steady stream of positive developments announced in the last month, it’s beginning to look like widespread deployment of one or multiple COVID-19 vaccines will pave the way back … [read more]
Comments Off on COVID-19 Vaccines will Pave The Way to Normalcy for Canada’s Housing Market
December 23rd, 2020
The Canadian real estate market will be driven by so-called “move-up” and “move-over” buyers in 2021, and with persistent supply shortages, prices will increase 4-6%, according to a forecast from … [read more]
Comments Off on Housing Market Activity is Estimated to Remain Steady in 2021
December 22nd, 2020
Canada’s largest bank doubled down their real estate forecast this week. Royal Bank of Canada (RBC) held its quarterly earnings call, and the bank shared how they are prepared for … [read more]
Comments Off on RBC Puts A “Greater Weight” on Canadian Home Prices Declines
December 21st, 2020
Although housing markets in Canada’s major markets look healthy, this year’s turbulence will likely result in fewer housing starts in 2021, says a new report from Altus Group. In Q3-2020, … [read more]
Comments Off on Housing Starts Could Decelerate in 2021
December 21st, 2020
Against a tumultuous backdrop, the Canadian housing market put on a remarkable display of resilience in 2020. Now, as we enter the final stretch of this bizarre and challenging year, … [read more]
Comments Off on Listings Shortage will Push Home Prices Higher in 2021
December 21st, 2020
In November the Teranet–National Bank National Composite House Price IndexTM was up 0.9% from the previous month, the strongest gain for a month of November in the 22 years of … [read more]
Comments Off on House Prices Remain Resilient, HPI Surged 6.3% Since July 2020
December 18th, 2020
Comments Off on REBGV Burnaby Metrotown Area Condo/Apartment Resale Average Price/Per Sqft November 2020
December 18th, 2020
Comments Off on North Coquitlam & New Horizons Area Condo/Apartment Resale Average Price/Per Sqft November 2020
December 18th, 2020
Comments Off on Coquitlam New Horizons & Hockaday Area Detached-Home Resale Average Price/Per Sqft November 2020
December 18th, 2020
Comments Off on REBGV Coquitlam Westwood Plateau Area Detached-Home Resale Average Price/Per Sqft November 2020
December 17th, 2020
Comments Off on REBGV Burnaby Brentwood Area Condo/Apartment Resale Average Price/Per Sqft November 2020
Comments Off on Vancouver Home Sales Stay Hot, Bidding Wars Continue