April 24th, 2020
As COVID-19 makes its way around the globe, it is also bulldozing its way though the economy, slowly infecting various industries. While airlines and event venues were the first to … [read more]
April 24th, 2020
The Vancouver region housing market achieved a solid sales boost in March, in what is being widely regarded as the last positive report on activity for at least a few … [read more]
Comments Off on The COVID-19 Pandemic will Hamper Home Sale for Months to Come
April 23rd, 2020
Real estate brokers, analysts and investors are bracing for the impact of the COVID-19 pandemic, and what could be a rough ride for residential real estate in Metro Vancouver throughout … [read more]
Comments Off on Bracing for The Health Crisis & What Could Be A Rough Ride for Residential Real Estate in Metro Vancouver
April 23rd, 2020
March started with a boom for the Vancouver housing market as spring sales activity showed promising signs of taking off after delivering uniformly weak results throughout 2019. According to Real … [read more]
Comments Off on COVID-19 Pandemic is Projected to Slow Down Home Sales Activity
April 22nd, 2020
Canada’s spring house hunting season — typically the busiest time of the year for home transactions — will be effectively cancelled this year. The strict social distancing measures that are … [read more]
Comments Off on Canadian Housing Market Recovery will Come in Stages by Early Summer
April 21st, 2020
Everyone agrees that the COVID-19 outbreak is set to have a long lasting impact on the US economy, and the housing market is no exception. In a new report this … [read more]
Comments Off on Long-Term Impacts on Housing from The COVID-19 Outbreak
April 21st, 2020
In March the Teranet–National Bank National Composite House Price IndexTM was up 0.6% from the previous month. As was the case in February, this was double the average March rise … [read more]
Comments Off on The HPI for Vancouver Has Gone 6-Months Without A Decline
April 20th, 2020
Sales and dollar value activity in the Lower Mainland’s commercial real estate market declined in 2019 compared to long-term historical averages. There were 1,538 commercial real estate sales in the … [read more]
Comments Off on How Demand for Commercial Real Estate will Be Impacted by The Economic?
April 20th, 2020
Recessions and the BC Housing Market examines the impact of past recessions on the BC housing market and provides preliminary projections on how COVID-19 may impact provincial home sales and … [read more]
Comments Off on BCREA Market Intelligence Report April 2020
April 17th, 2020
As Canada prepares to weather the worst of the COVID-19 pandemic, there are already hopeful signs emerging from China where the novel coronavirus originated months ago. China is maintaining a … [read more]
Comments Off on Housing Partial Warming Up to Hot Summer Market for Emerging Pent Up Demand
April 16th, 2020
Despite the uncertainties the COVID-19 outbreak is bringing to Canada’s economy, the commercial real estate sector is positioned to weather the effects of the pandemic, according to a market expert. … [read more]
Comments Off on The Commercial Real Estate Sector is Slated to Grow Despite The Pandemic
April 15th, 2020
The panic surrounding the coronavirus outbreak has caused widespread economic upheaval. Stock markets have crashed, companies from all across the country have shuttered operations and laid off employees, and many … [read more]
Comments Off on Now is A Good Time for Getting Your First Mortgage
April 15th, 2020
Vancouver’s housing market can’t seem to catch a break these days. Market conditions were less than stellar for the West Coast city for most of 2019. The demand for new … [read more]
Comments Off on Vancouver Luxury Condo Market Conditions are Heading into Uncharted Territory
April 15th, 2020
Vancouver, BC – April 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Housing Markets Implement Measures to Mitigate The Pandemic
April 14th, 2020
Top-tier residential properties recorded substantial sales growth over the first two months of the year, particularly in the Greater Toronto Area (GTA), Vancouver, and Montreal, according to the latest market … [read more]
Comments Off on Vancouver Luxury Home Market Managed to Rebound
April 13th, 2020
It’s become a common refrain in Canadian housing market reports published over the last two weeks : The national market, along with many of the local markets that comprise it, … [read more]
Comments Off on Post-Pandemic Rebound in Homebuilding & Housing Starts by Early May
April 9th, 2020
The impact of the coronavirus outbreak on the housing market of British Columbia remains uncertain, but analysis of possible scenarios paints a need for a lower qualifying rate for home … [read more]
Comments Off on The Impact of COVID-19 Outbreak on Economy & House Prices in BC
April 8th, 2020
February ushered in another month of extremely strong annual sales and price growth for the Canadian housing market, as the supply of homes improved in some major cities. Home transactions … [read more]
Comments Off on CREA National Home Sales Surge 27%
April 7th, 2020
Home Resale Market was Gaining Momentum Prior to Covid-19 At the national level, resale home prices were gaining momentum in February. The 0.4% monthly gain in the Composite index was … [read more]
Comments Off on Resale Market was Gaining Momentum Prior to Covid-19 & Teranet–National Bank HPI Updates
April 6th, 2020
The spring market in Canada’s major housing pockets would likely be dampened by the coronavirus outbreak, according to market watchers. The potential lockdowns in some cities across the country and … [read more]
Comments Off on It will Take A While Before Property Buyers & Sellers Adjust to COVID-19 Situation
April 6th, 2020
The latest BCREA Market Intelligence Report: Sketching Out the Potential Impact of COVID-19 on the BC Housing Market explores the potential impacts of COVID-19 on BC home sales and prices … [read more]
Comments Off on BCREA Market Intelligence Report March 2020
April 6th, 2020
It may look like Metro Vancouver’s March home sales have beaten the COVID-19 pandemic, with a 46.1% increase year over year and a 17.4% jump from February to 2,542 sales, … [read more]
Comments Off on Metro Vancouver Rush of Spring-Market Transactions was from Pre-COVID-19 Pandemic
Comments Off on Metro Vancouver Property Sales Trouble Ahead, Slowly Infecting Various Industries