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]
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
December 17th, 2020
Comments Off on REBGV Condo/Apartment Resale Average Price/Per Sqft November 2020
December 17th, 2020
Comments Off on REBGV Townhouse Resale Average Price/Per Sqft November 2020
December 17th, 2020
Comments Off on REBGV Detached-Home Resale Average Price/Per Sqft November 2020
December 16th, 2020
Vancouver region home sales rose past the 3,000-transaction mark last month as buyer demand showed no sign of slowing even after months of record or near-record-breaking activity in the market. … [read more]
Comments Off on Metro Vancouver Homebuyer Demand Showed NO Sign of Slowing
December 15th, 2020
Urban condo markets in the Toronto and Vancouver region have seen their fortunes reversed most dramatically during the pandemic thus far. While single-family home sales and prices have recovered and … [read more]
Comments Off on Urban Condo Markets will Bounce Back in Spring 2021
December 14th, 2020
Vancouver, BC – December 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Housing Market Posts Strongest Home Sales & Home Prices on Record
December 9th, 2020
Home sales in Canada’s three largest cities surged last month, but RBC anticipates softening in the next few months. “Aside from some bumps in downtown condo markets, this summer’s broad … [read more]
Comments Off on Canada’s Housing Markets Due for Cooling
December 8th, 2020
Home construction across British Columbia slowed down for the second straight month in October, with builder activity resembling 2020’s low point in April. The Canada Mortgage and Housing Corporation (CMHC) … [read more]
Comments Off on Home Construction Remains Considerably Lower Than Activity Recorded
December 7th, 2020
Whether you’re in the market for a good home or are interested in selling, this year has shown an insanely high demand for new homes across the country. If you … [read more]
Comments Off on Buying or Selling A Home, is Kind of Insane Right Now
December 7th, 2020
Downtown condo markets in Canada’s biggest cities are in for a tough final stretch of 2020 and there’s little reason to believe that fortunes will shift quickly in early 2021. … [read more]
Comments Off on Canadian Downtown Condo Housing Markets are in Tough Spot
December 5th, 2020
The BCREA Commercial Leading Indicator (CLI) rebounded in the third quarter of 2020 from 122.3 to 136.9, representing the first increase after four consecutive quarterly declines. It was the largest … [read more]
Comments Off on Commercial Real Estate Posted A Strong Recovery, Activity Rebounded in Q3
December 4th, 2020
The biggest risk to Canada’s housing market in the near-term is new lockdowns in big cities that have seen COVID-19 infections surge in recent weeks. According to an economist with … [read more]
Comments Off on New Lockdowns Would Hurt Sales, but Not Home Prices
December 4th, 2020
SURREY, BC – For the fifth consecutive month, demand for real estate in the Fraser Valley showed no signs of waning. Overall property sales for the month of November again … [read more]
Comments Off on FVREB Demand for Detached & Townhomes Continues in November
December 2nd, 2020
A widely watched Canadian home price index just posted its highest gain seen for the month of October in 22 years. The Teranet-National Bank Home Price Index rose 1.3 percent … [read more]
Comments Off on Home Sales Index Up 48% Y/Y, HPI Record Highest Increase (8.1% Y/Y) in 22-Years
Comments Off on Housing Starts Could Decelerate in 2021