May 16th, 2019
The housing recession that is sweeping across the Vancouver area will leave home prices 12 percent below the peak achieved last June, an economist predicts. If the forecast from Bryan … [read more]
May 15th, 2019
Immigrants, mostly young individuals and households, will account for a significant portion of renewed housing demand in Canada’s largest cities, according to RBC Economic Research. The millennial influx will be … [read more]
Comments Off on Immigrant Demand to Fuel Housing Activity in The Largest Cities
May 14th, 2019
Anyone banking on a Canadian housing crash might be out of luck, as the odds of a collapse haven’t been this low in years. So suggest two newly published reports, … [read more]
Comments Off on The Canadian Housing Market is Now Showing a “Moderate” Degree of Vulnerability
May 14th, 2019
Vancouver, BC – May 14, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Affordability Continues to Weigh on Housing Demand
May 12th, 2019
Canadian home sales and prices rebounded in March from a dismal showing a month earlier, but remained below historical averages. Home sales rose 0.9% nationally while the benchmark price rose … [read more]
Comments Off on Canadian Home Sales Remain at Lowest Levels in 6 Years
May 9th, 2019
Metro Vancouver’s robust industrial market has seen sales activity surpass $150 million during the first quarter of the year alone, according to Avison Young’s Spring 2019 Metro Vancouver Industrial Overview. … [read more]
Comments Off on Vancouver Industrial Market Activity Exceeds $150M in Q1 2019
May 8th, 2019
Home prices across Metro Vancouver are continuing to slide, reported the Real Estate Board of Greater Vancouver (REBGV) May 2. The board said that the composite benchmark home price across … [read more]
Comments Off on Home Prices Across Metro Vancouver are Continuing to Slide
May 7th, 2019
The country’s real estate market showed some signs of recovery in March; although home prices were still down, home sales and new home builds went up. Housing Starts The annual … [read more]
Comments Off on Housing Market Shows Resilience As New Builds & Sales Rise
May 6th, 2019
Central 1 Credit Union predicts Lower Mainland home prices are going to fall another 5 percent before bottoming out as the beleaguered market continues to correct. “While the economy is … [read more]
Comments Off on Vancouver Home Prices are Going to Fall Further This Year
May 6th, 2019
The mortgage stress test isn’t just holding back Canadian home price growth and sales — it’s leading to declines in Canada’s most expensive market. Plummeting sales and home prices across … [read more]
Comments Off on Vancouver Home Sales & Prices Took Another Big Hit in April
May 5th, 2019
Vancouver real estate investment volume is shrinking due to perceived instabilities in the market’s regulatory regime, according to CBRE Ltd. The successive introduction of new regulations that target foreigners has … [read more]
Comments Off on Metro Vancouver Housing Volume is Shrinking, Toronto is Benefiting More from the Situation
May 3rd, 2019
Following a frosty February, Canadian home sales inched up in March and one of Canada’s biggest banks expects the market to continue picking up speed. “We continue to believe that … [read more]
Comments Off on “Disappointing” Canadian Housing Market is Set to Pick Up This Year
May 3rd, 2019
SURREY, BC – The Fraser Valley real estate market experienced its second slowest April in ten years and yet sales of certain property types and price ranges remain solid. The … [read more]
Comments Off on Slower Than Normal Market Still Attracting Buyers in The Fraser Valley
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]
Comments Off on Most Vancouver Homebuilders Don’t See the Troubling Signs
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]
Comments Off on There’s Only One Direction for Home Prices to Go : UP!
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]
Comments Off on The Spring Market Is Not Expected to Provide Much Relief for The Challenged Housing Market
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]
Comments Off on Why Canadian Developers are Waiting?
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]
Comments Off on Coquitlam New Horizons The Windsor Gate Condos & Townhouses for Sale Updates as of April 28, 2019
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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Comments Off on Average Vancouver Home Prices Could Lose $100,000 from 2018 Peak