January 26th, 2020
The demand for rental apartment units continued to outshine the housing supply in 2019, leading to the third consecutive annual decline in the national vacancy rate to 2.2%, according to … [read more]
January 26th, 2020
BC outperformed all other provinces during the 2010s when it came to home construction, seeing the most homes built in its history over that 10-year period. The westernmost province beat … [read more]
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January 24th, 2020
There were 274,829 housing units in construction across the country in the last quarter of 2019, a record that has never been witnessed by Canada, a market watcher said. The … [read more]
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January 23rd, 2020
The national housing market ended 2019 on the strong rebound that defined the second half of the year, setting the stage for continued improvement in 2020, according to the latest … [read more]
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January 22nd, 2020
Although the million-dollar-plus real estate sector in Vancouver saw a jump in activity in the last six months of 2019, the same is not true for the $4 million-plus luxury … [read more]
Comments Off on Luxury-Home Activity Over $4M Placed A Drag on Overall Top-Tier Market Performance
January 22nd, 2020
Inequitable Assessment Property owners take heart from higher property values, which help to boost equity and in turn their borrowing power. Higher values also generate higher property tax revenues for … [read more]
Comments Off on Housing Market Rises but Government Policies Hit Homeowners
January 21st, 2020
Metro Vancouver managed to buck the national downtrend in housing starts, ending 2019 with a record-high growth, according to the latest figures from Canada Mortgage and Housing Corporation (CMHC). Over … [read more]
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January 20th, 2020
Metro Vancouver saw record levels of housing starts in 2019, suggesting the market is “finding its footing” after a period of declining sales and falling prices, according to reports Thursday. … [read more]
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January 19th, 2020
Comments Off on Burnaby Metrotown Area Condo/Apartment Resale Average Price/Per Sqft December 2019
January 19th, 2020
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January 19th, 2020
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January 19th, 2020
Comments Off on Coquitlam New Horizons & Hockaday Area Detached-Home Resale Average Price/Per Sqft December 2019
January 18th, 2020
Comments Off on Burnaby Brentwood Area Condo/Apartment Resale Average Price/Per Sqft December 2019
January 18th, 2020
Comments Off on REBGV Condo/Apartment Resale Average Price/Per Sqft December 2019
January 18th, 2020
Comments Off on REBGV Townhouse Resale Average Price/Per Sqft December 2019
January 18th, 2020
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January 17th, 2020
While last year’s housing market took its time getting off the ground, 2020 could tell a different story. Hopeful buyers are continuing to step back into the real estate ring … [read more]
Comments Off on A “Perfect Storm” is Coming in Spring Housing Market
January 17th, 2020
Home prices were on the decline all year in the Vancouver market and housing is now at its most affordable level since 2015. You won’t find many average Vancouver house … [read more]
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January 16th, 2020
Vancouver housing starts hit a record of 28,141 in 2019 after two years of declines. According to the Canadian Mortgage and Housing Corp., Vancouver housing starts grew 20% in 2019 … [read more]
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January 15th, 2020
The lack of housing supply is expected to remain a pressing concern this year as Canada moves further to a seller’s market, market watchers say. The sales-to-new-listings ratio in November … [read more]
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January 14th, 2020
The Vancouver housing market continued to blow its disappointing early year results out of the water with a strong finish to 2019. There were 2,016 homes sold in the Greater … [read more]
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January 14th, 2020
If real estate investors were to make some resolutions for the new year, analyst Dane Eitel might suggest exercising wariness amid forecasts painting an optimistic picture for the BC market. … [read more]
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Comments Off on Strong Rental Demand Continued to Outpace Growth in Supply