August 30th, 2019
The Canadian housing market is teetering on the verge of favouring sellers despite the vast majority of local markets remaining balanced — for now. In Scotiabank Economics’ latest Housing News … [read more]
August 30th, 2019
Canadian home-price increases aren’t even matching inflation, having slumped to a decade-low growth rate in July. That’s according to the Teranet–National Bank House Price Index, which measures how 11 key … [read more]
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August 29th, 2019
What happened : Metro Vancouver’s house price index fell 1% from June to July, according to data from Teranet and National Bank. Why it matters: The region is the only … [read more]
Comments Off on Teranet-National Bank HPI : The BC Region was The Only Metro Area to Post an Index Decline
August 29th, 2019
It’s not a repeat performance worth boasting about. Despite some signs of stabilization in the broader Vancouver housing market, the luxury segment is still dead last in a regular global … [read more]
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August 29th, 2019
Homes sales across Canada rose for the fifth consecutive month and recorded a double-digit increase compared to a year ago in part aided by interest rates, according to the Canadian … [read more]
Comments Off on CREA Homes Sales Across Canada Rose for the 5th Consecutive Month & Recorded a Double-Digit Increase Y/Y
August 28th, 2019
While Metro Vancouver’s residential sector struggles, its commercial real estate market is holding firm, with vacancy rates extremely low, according to a monthly analysis by commercial market intelligence company CoStar … [read more]
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August 28th, 2019
In the throes of a housing correction, British Columbia’s Lower Mainland might be witnessing the beginnings of recovery. According to an economic outlook report from Central 1 Credit Union, the … [read more]
Comments Off on BC Housing Market are Seeing a Moderate Rebound
August 27th, 2019
While residential market activity in Vancouver is markedly slower than in years past, the commercial sector is on fire. “There’s a significant amount of commercial activity going on within Metro … [read more]
Comments Off on Commercial Construction Permits in BC Surge
August 27th, 2019
There are signs that Canada’s housing market is about to get hotter. At least that’s what Capital Economics, a UK-headquartered economic-research firm, is suggesting. In a recent report, Stephen Brown, … [read more]
Comments Off on Canada’s Housing Market is About to Get Hotter, Home Prices are Set to Rise
August 26th, 2019
In July the Teranet–National Bank National Composite House Price IndexTM was up 0.7% from the month before. As in the two previous months, the gain was not really a sign … [read more]
Comments Off on Teranet-National Bank HPI : Smallest 12-Month Rise in Almost 10 Years
August 25th, 2019
Mounting economic headwinds are contributing to slower prime property price growth in key cities around the world and leading policymakers in developed and emerging markets alike to cut interest rates. … [read more]
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August 24th, 2019
With home sales making a significant year-over-year jump in the Lower Mainland in July, residential transactions for the whole of BC followed suit, according to stats released August 13 by … [read more]
Comments Off on BCREA Residential Sales Up 12.4% Y/Y Across BC
August 23rd, 2019
Analysts keep using the s-word to describe the Canadian housing market. No, not that word. Housing analysts are calling attention to the market’s stability. Case in point : the latest … [read more]
Comments Off on Canada’s Housing Market’s Stability
August 23rd, 2019
Taking a quick look at Greater Vancouver’s detached-home market last month, you might have the creeping sensation that the market is at risk of overheating (yet again). After all, as … [read more]
Comments Off on Vancouver Detached Home Sales are Surging
August 22nd, 2019
If you thought the unanticipated uplift in Lower Mainland home resales last month was an anomaly, consider this : the slumping presale sector also seemed to experience a transaction surge … [read more]
Comments Off on Lower Mainland Presale Homes See Surge in Take-Up Rate
August 21st, 2019
Lower Mainland homebuyers will have fewer brand new pre-sale condo units to choose from in August, a new monthly forecast suggests. MLA Advisory, the research branch of real estate marketing … [read more]
Comments Off on What to Expect for Vancouver’s New Home Market as Summer 2019 Ends?
August 21st, 2019
A Bloomberg study has found Canada to be one of the nations at greatest risk of a housing downturn, but Royal Bank of Canada CEO David McKay asserted that the … [read more]
Comments Off on Canadian Housing Market Remains “Well-Balanced”
August 20th, 2019
Mortgage stress testing did more than just make it tougher for many Canadians to purchase a home — it also eroded their confidence in the housing market. But Canadians seem … [read more]
Comments Off on Canadians are Optimistic About The Housing Market AGAIN
August 20th, 2019
Metro Vancouver residential sales took an unexpected leap in July, making the month the second-strongest month for resale activity so far this year and defying the usual summer lull. There … [read more]
Comments Off on Metro Vancouver Residential Sales Unexpectedly Leap 23.5%
August 19th, 2019
Metro Vancouver’s housing market has received a “moderate degree of vulnerability” rating, after three years of “high degree of vulnerability” ratings, from the Canada Mortgage and Housing Corp. (CMHC). CMHC’s … [read more]
Comments Off on CMHC : Metro Vancouver Housing Market No Longer “Vulnerable”
August 19th, 2019
A jump in annual sales and a decline in new supply put the squeeze on national real estate in July, pushing conditions to the brink of a sellers’ market. Transactions … [read more]
Comments Off on National Buying Conditions Approach Sellers’ Market
August 18th, 2019
Comments Off on Burnaby Metrotown Area Condo/Apartment Resale Average Price/Per Sqft July 2019
Comments Off on The Majority of Housing Markets Remaining Balanced, But Sellers May Soon Get The Upper Hand