June 18th, 2020
The COVID-19 pandemic continued to dampen home sales across Greater Vancouver and the rest of the province in May, according to BCREA data released June 15. The total dollar value … [read more]
June 18th, 2020
Led by land sales and the multi-family rental sector, the total dollar value of commercial real estate transactions in the Lower Mainland soared to $2.15 billion in the first three … [read more]
Comments Off on Land & Multi-Family Lead as Commercial Real Estate Transactions Surged 37% in Q1 to $2.1 Billion
June 17th, 2020
Commercial real estate sales activity and dollar values increased across most property types in the Lower Mainland in the first quarter of 2020 (Q1) compared to the same period last … [read more]
Comments Off on Commercial Sales (10.9%) & Values (37.2%) Increase in Q1 2020
June 16th, 2020
Vancouver, BC – June 10, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Second Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province … [read more]
Comments Off on BCREA Q2 Housing Forecast & Statistics
June 15th, 2020
The COVID-19 pandemic has reduced activity in Metro Vancouver’s housing market since mid-March, but home prices have remained steady throughout the last 12 months. Let’s take a closer look at recent home price … [read more]
Comments Off on REBGV Why Have Vancouver’s Housing Prices Remained Stable During The Pandemic?
June 15th, 2020
Vancouver, BC – June 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Housing Market Activity Shows Encouraging Signs of Recovery
June 12th, 2020
When coronavirus turned the economy upside down, anxiety and uncertainty about the future initially kept many homebuyers and sellers at bay. Inventory and sales have picked up over the past … [read more]
Comments Off on Housing Market Will Make-Up for Lost Time
June 12th, 2020
Effects of the COVID-19 pandemic have led to significant detached home price drops in several cities in the Vancouver region, according to a recent market report by Roomvu. The real … [read more]
Comments Off on Detached Home Prices Have Fallen Up to 10% in Metro Vancouver
June 11th, 2020
Canadian home builders have been putting up impressive numbers even as the COVID-19 pandemic has disrupted so many other industries and some segments of the real estate industry itself. Although … [read more]
Comments Off on Canadian Housing Stats Points to Steady Home Construction Activity on National Level, But Could Struggle with Slower Population Growth
June 9th, 2020
As the province regains its footing after months of COVID-19-related restrictions, home prices across Greater Vancouver continue to appear stable. The MLS Home Price Index composite benchmark was $1,028,400 across … [read more]
Comments Off on Home Sales & Listing Activity Showed Significant Improvement, Prices Remain Stable
June 8th, 2020
Fresh data from the Fraser Valley Real Estate Board (FVREB) indicated that the region’s property sales and listings have showed notable recovery in May. A main driver of this is … [read more]
Comments Off on FVREB Property Sales & Listings Have Showed Notable Recovery M/M
June 7th, 2020
Building permits in Greater Vancouver defied the national trend in April, rising 15 percent over the previous month on the strength of multi-family residential permits. The increase meant building permit … [read more]
Comments Off on Greater Vancouver Building Permits & New Construction Activity Rebound
June 6th, 2020
The BCREA Commercial Leading Indicator (CLI) was down sharply in the first quarter of 2020 from 134.2 to 123.2, reflecting the slowdown prompted by the COVID-19 pandemic. Compared to the … [read more]
Comments Off on BCREA The Pandemic Turning All Commercial Componets Negative
June 5th, 2020
Reduced demand for housing and an increasing number of mortgages in arrears are two major impacts of the COVID-19 pandemic that threaten the Canadian housing market and broader economy. Thankfully, … [read more]
Comments Off on Government Stimulus Measures will Help Avoid Extreme Financial Stress in Housing Market
June 5th, 2020
Metro Vancouver and Fraser Valley home sales rebounded in May compared to April, but continue to be depressed significantly compared to normal market conditions. Meanwhile, prices have remained stable, according … [read more]
Comments Off on REBGV & FVREB Homes Sales Remain Down Y/Y, Prices Have Remained Stable
June 4th, 2020
Last week, the head of Canada’s housing agency made a startling prediction that home prices could fall up to 18 percent in the next year as a result of the … [read more]
Comments Off on Alarming Home Price Forecast, Pandemic Fallout & Subsequent Recovery
June 3rd, 2020
Not surprisingly, housing activity fell sharply across the province in April. Demand was constrained by lower consumer confidence amid a plunge in the employment and increased economic uncertainty, while households … [read more]
Comments Off on BC Housing Activities Suffer Steep Drop
June 3rd, 2020
Metro Vancouver home prices have remained steady since provincial health officials implemented physical distancing requirements in March. The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home … [read more]
Comments Off on REBGV Home Prices Remain Steady During The COVID-19 Period
June 2nd, 2020
Canada Mortgage and Housing Corp. (CMHC) released a housing forecast May 27 that envisioned a nightmare collapse of the housing market with national sales dropping up to 29%, starts plunging … [read more]
Comments Off on BC Real Estate Industry Begs to Differ CMHC’s Forecast
June 2nd, 2020
Home sales appear to be moving in the right direction after a painful April that saw activity in the Vancouver region reach a 38-year low for the market. There were … [read more]
Comments Off on Home Sales are Moving in The Right Direction, Up 22% in Mid-May After April Low
June 2nd, 2020
Surrey, BC – In May, Fraser Valley listings and property sales started to bounce back as REALTORS® helped their clients adjust to the new, necessary safety measures required to buy … [read more]
Comments Off on FVREB Housing Market Activity Picks-Up
June 1st, 2020
People who’re trying to sell their home during the COVID-19 pandemic are being warned they’ll need to be a bit more patient than usual, as the process is likely to … [read more]
Comments Off on Home Sales are Taking Longer During The COVID-19 Pandemic
Comments Off on BCREA Sales & Listings Drop, Prices Still Nudged Upward 2.9% Y/Y