July 14th, 2020
COVID-19 has “thrown sand in the gears” of Canadian population growth and the country’s housing market will be feeling the effects for several years to come. TD Economist Rishi Sondhi … [read more]
July 14th, 2020
What happened : Housing starts show little change in activity month to month. Why it matters : BC appears to be an outlier compared with national numbers. Housing starts in … [read more]
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July 13th, 2020
Housing sales across northern BC were down 30% through the first half of this year compared to 2019 – at one point hitting a 32-year-low – but the average price … [read more]
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July 13th, 2020
Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed. Toronto home sales last month … [read more]
Comments Off on Pent-Up Demand to Fuel Strong Home Sales Activity with Both Buyers & Sellers Returning to The Market
July 10th, 2020
BC’s real estate market is showing extraordinary resilience in extraordinary times, with wild increases in sales across the province. “The Fraser Valley continues to be a magnet for families because … [read more]
Comments Off on BC Homebuyers Pulling The Trigger in Housing Markets, with Wild Increases in Sales Across The Province
July 9th, 2020
After an encouraging first half of the month, signals that Vancouver’s housing market is recovering from the worst effects of the pandemic shutdown continued for the remaining weeks of June. … [read more]
Comments Off on REBGV Home Sales Up 17.6%, Home Price Index Recorded a 3.5% Increase Y/Y
July 8th, 2020
A pandemic panic may be settling into Metro Vancouver’s once robust condominium market, at least for the short-term. Presales of new condo units are down 50% and new product launches … [read more]
Comments Off on New Condo Sales Volumes Remain Low & Buyers Need Additional Time to Adapt to The New Reality
July 8th, 2020
Metro Vancouver home sales soared in June in comparison to May, and to June 2019, but remain far below the historical average for the month, according to data released July … [read more]
Comments Off on Metro Vancouver Home Sales Up Significantly M/M & Y/Y, but Remain Below The 10-Year Average
July 7th, 2020
The early months of the COVID-19 pandemic will be remembered for the sharp fall in home sales and listings as anxious buyers and sellers moved cautiously to the sidelines amidst … [read more]
Comments Off on RBC : Housing to Become More Affordable Before End of 2020
July 6th, 2020
Only two new condo developments launched in the Vancouver region from April 1st to the middle of May. Two hundred new units were brought to market between the two developments, … [read more]
Comments Off on Vancouver New Condo Launches Were Down 75% Y/Y
July 6th, 2020
SURREY, BC – The Fraser Valley real estate market saw a resurgence in activity in June as the industry and consumers continue to successfully adapt to doing business during a … [read more]
Comments Off on FVREB Home Sales Increase of 113.4% M/M
July 3rd, 2020
Canadian home prices have a long road ahead as they fall and then gradually recover from the shock of the COVID-19 pandemic. A new report published by the Canada Mortgage … [read more]
Comments Off on Canadian Home Prices Have A Long Road Ahead to Recover from The Pandemic Fallout
July 3rd, 2020
Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically … [read more]
Comments Off on REBGV Steady Increases in Home Sale and Listing Activity Continue …..
July 2nd, 2020
The market for luxury homes rebounded in strength last month, rapidly outpacing other market segments in both listing views and price growth, according to the latest Luxury Housing Report from … [read more]
Comments Off on The Luxury Home Markets are Seeing A Lot of Attention from Buyers
July 2nd, 2020
The number of new homes beginning construction in the Vancouver region is declining and expected to fall significantly in the near future. It will be a sharp descent from levels … [read more]
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June 30th, 2020
On Tuesday, the Canadian Mortgage and Housing Corporation released its summer 2020 Housing Market Outlook, the most recent in a series of wild guesses the organization has made around the … [read more]
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June 29th, 2020
What happened : New forecast calls for significant declines in housing starts, gradual declines in prices Why it matters : Economic aftershocks of pandemic expected to hit Metro Vancouver for … [read more]
Comments Off on What Happened to Vancouver Real Estate New Forecast & Why It Matters?
June 28th, 2020
There are a total of 23 condos & 0 townhouse for sale as of June 28th, 2020 in The Windsor Gate by Polygon Home in New Horizons Coquitlam area. The … [read more]
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June 28th, 2020
There are a total of 6 condos for sale as of June 28th, 2020 in Metortown Chancellor by Polygon Home, 4880 Bennett St in Burnaby area. The smallest condo unit … [read more]
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June 28th, 2020
There are a total of 11 condos for sale as of June 28th, 2020 in The MET & MET2 by Concord Pacific, 6538 & 6588 Nelson Ave in Burnaby Metrotown … [read more]
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June 28th, 2020
There are a total of 13 houses for sale as of June 28, 2020 in New Horizons & Hockaday Coquitlam. There are 6 new listings for houses for sale in … [read more]
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June 28th, 2020
There are a total of 30 houses for sale as of June 28, 2020 in Westwood Plateau Coquitlam. There are 10 new listings for houses for sale in Westwood Plateau … [read more]
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Comments Off on Immigration-Driven Population Growth Slowdown Will Impact Canadian Housing Markets