May 2nd, 2019
Some BC developers aren’t prepared for an extended Vancouver housing downturn, and that’s creating increased risk for the market, a local realtor and industry commentator warns. “I think the 2008 … [read more]
May 2nd, 2019
Prices will double Ten consecutive months of declines in the Real Estate Board of Greater Vancouver’s benchmark home price have brought the figure down 7.5% since last May to $1,011,200. … [read more]
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May 2nd, 2019
The spring season is not expected to provide much relief for Canada’s challenged housing market. RBC Economics sees a continuation of the weakened demand resulting from a cocktail of negatives … [read more]
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May 2nd, 2019
Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential … [read more]
Comments Off on REBGV Reduced Demand & Increased Supply Remain The Trend Across Metro Vancouver’s Housing Market
May 1st, 2019
The slower spring market continues, with another year-over-year sales decline added to the books in March. According to the latest report from the Canadian Real Estate Association, activity throughout the … [read more]
Comments Off on CREA National Home Sales Remain Below Historical Average
April 30th, 2019
For only the second time in 20 years, Canadian home prices fell from February to March, at least according to one closely watched price index, but Canada’s sixth-largest bank isn’t … [read more]
Comments Off on Canadian Housing Price Weakness Does Not Mean Collapse
April 29th, 2019
During Canada’s housing downturn, homebuilders are getting stuck with more and more unsold new homes on their hands, and that’s causing them to hold off on beginning work on new … [read more]
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April 28th, 2019
There are a total of 35 condos & 2 townhouses for sale as of April 28th, 2019 in The Windsor Gate by Polygon Home in New Horizons Coquitlam area. The … [read more]
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April 28th, 2019
There are a total of 33 condos for sale as of April 28th, 2019 in The MET & MET2 by Concord Pacific in Burnaby Metrotown area. The smallest condo unit … [read more]
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April 28th, 2019
There are a total of 8 condos for sale as of April 28th, 2019 in Metortown Chancellor by Polygon Home in Burnaby area. The smallest condo unit is 817 sqft … [read more]
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April 28th, 2019
The impact of the mortgage stress test continues to be shown in home sales in British Columbia. British Columbia Real Estate Association says there were 5,707 sales through the MLS … [read more]
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April 28th, 2019
There are a total of 21 houses for sale as of April 28, 2019 in New Horizons & Hockaday Coquitlam. There are 9 new listings for houses for sale in … [read more]
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April 28th, 2019
There are a total of 62 houses for sale as of April 28, 2019 in Westwood Plateau Coquitlam. There are 21 new listings for houses for sale in Westwood Plateau … [read more]
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April 27th, 2019
There are a total of 10 condos and 1 townhouse for sale as of April 27th, 2019 in The Legacy by Bosa in North Burnaby Central area. The smallest condo … [read more]
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April 27th, 2019
There are a total of 262 condos for sale as of April 27, 2019 in Burnaby Metrotown area. There are 77 new listings for condos for sale in Burnaby Metrotown … [read more]
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April 27th, 2019
There are a total of 486 houses for sale as of April 27, 2019 in Coquitlam. There are 154 new listings for houses for sale in Coquitlam for the period … [read more]
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April 27th, 2019
There are a total of 222 houses for sale as of April 27, 2019 in North Burnaby. There are 74 new listings for houses for sale in North Burnaby for … [read more]
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April 26th, 2019
In March the Teranet–National Bank National Composite House Price IndexTM was down 0.3% from the previous month. Apart from the recession year 2009, it was the first March decline in … [read more]
Comments Off on The Teranet-National Bank HPI Declined for 6th Consecutive Month
April 25th, 2019
The number of new homes in Canada last month helped offset the major slowdown experienced by markets nationwide in February. Latest numbers from the Canada Mortgage and Housing Corporation showed … [read more]
Comments Off on The Housing Starts Downward Trend is Stabilizing
April 24th, 2019
Lower Mainland condos are stuck in neutral. Earlier this year, researchers at MLA Advisory predicted BC developers would hold off on launching some Metro Vancouver and Fraser Valley condo projects … [read more]
Comments Off on Even More New Condo Projects are Stalling All Over The Vancouver Area
April 23rd, 2019
BC’s average construction start value for projects over $50 million fell 30.7% to $197 million in 2018 from $284.9 million in 2014, according to data on Business in Vancouver’s list … [read more]
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April 22nd, 2019
Two years into its Housing Vancouver strategy, the city said it is making steady progress towards delivering 72,000 new housing units by 2027. “Overall we’re moving towards the 10-year targets, … [read more]
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Comments Off on Most Vancouver Homebuilders Don’t See the Troubling Signs