REBGV Burnaby North Brentwood Area Condo/Apartment Resale Average Price/Per Sqft April 2020
May 23rd, 2020
May 23rd, 2020
May 23rd, 2020
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May 23rd, 2020
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May 23rd, 2020
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May 22nd, 2020
A total of 3,284 homes were sold in April, according to new data from the British Columbia Real Estate Association (BCREA). This is a drop of 50.8% compared with April … [read more]
Comments Off on Pandemic Pushes BC Home Sales Down (-50.8%) But Prices Still Up (+7.8%) Y/Y
May 21st, 2020
After a good showing in April, the team at BMO Economics is confident that home construction across Canada won’t see a major disruption due to the COVID-19 pandemic. A report … [read more]
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May 21st, 2020
Housing sales, prices and starts across Canada will plunge this year and stay muted for at least a year, with the country’s western provinces taking the worst hit, according to … [read more]
Comments Off on Metro Vancouver Home Sales Forecasting a Rebound by June, Stronger Activity to Resume Once Social-Distancing Orders are Relaxed
May 20th, 2020
Homebuyers, real estate investors and industry commentators alike are grappling with the many ways the COVID-19 pandemic will impact Canada’s housing market and the path ahead as economic activity across … [read more]
Comments Off on Listings are Sharply Declining Alongside Home Sales will Keep Prices Stable
May 19th, 2020
Despite pandemic pressures, demand for multi-family assets continues to persist in Ontario and British Columbia, according to Canada Mortgage and Housing Corporation. CMHC said that this helped compensate for the … [read more]
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May 19th, 2020
In a month full of grim real estate market data, home construction figures for April released late last week provided an encouraging boost while defying a bleaker consensus projection that … [read more]
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May 15th, 2020
Canada’s home prices are still likely to see a 5%-10% annual gain by year-end, according to Altus Group chief economist Peter Norman. In an interview with The Financial Post, Norman … [read more]
Comments Off on Average Home Prices Might Climb Defying COVID-19 Pressures
May 14th, 2020
Housing sales, prices and starts across Canada will plunge this year and stay muted for at least a year, with Western provinces taking the worst hit, according to Moody’s Analytics. … [read more]
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May 13th, 2020
Business shutdowns, social distancing and economic upheaval converged in April to hit the Vancouver region with a nearly 40 percent drop in home sales. There were 1,109 homes sold in … [read more]
Comments Off on Vancouver Home Prices Remain “Steady”
May 13th, 2020
Vancouver, BC – May 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 3,284 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
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May 12th, 2020
While home construction in Canada will be significantly disrupted through the spring by the COVID-19 pandemic, one of the country’s largest real estate consultancies sees builder activity beginning to ramp … [read more]
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May 12th, 2020
Metro Vancouver home sales in April were the lowest total for the month since 1982, according to new data from the Real Estate Board of Greater Vancouver (REBGV). They were … [read more]
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May 11th, 2020
Unemployment has a disproportionate impact on the country’s largest housing markets, according to new Statistics Canada figures. Across Canada, the employment sector declined by 5.3% from February to March, representing … [read more]
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May 6th, 2020
Sellers losing significant value in their homes will be a prominent feature of the market over the next few months, said Stephen Brown, Capital Economics senior Canada economist. “Given the … [read more]
Comments Off on Home Sellers to Wrestle with Much-Reduced Market Activity
May 6th, 2020
Home sales across Greater Vancouver were down 34 percent by April’s halfway point, the first full month to be impacted by the COVID-19 pandemic. There were 564 homes sold in … [read more]
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May 5th, 2020
BC’s housing market will take an initial dive due to the coronavirus-driven recession, but it is expected to recover next year, says the industry’s association. Sales throughout BC are predicted … [read more]
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May 5th, 2020
SURREY, BC – As anticipated, real estate activity saw a steep decline last month in response to the pandemic lockdown, resulting in one of the slowest Aprils in Fraser Valley … [read more]
Comments Off on FVREB Both Home Sales & Listings Contracted in Tandem to Embrace The Public Health Measures
May 4th, 2020
National sales and new listings were stifled in March, as home buyers and sellers across the country remained on the sidelines in the second half of the month in reaction … [read more]
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