REBGV Townhouse Resale Average Price/Per Sqft February 2019
March 16th, 2019
March 16th, 2019
March 16th, 2019
Comments Off on REBGV Detached-Home Resale Average Price/Per Sqft February 2019
March 15th, 2019
The detached home segment of Vancouver’s housing market has been walloped as sales for this home type in the first two months of the year sunk to the lowest levels … [read more]
Comments Off on The Price Correction of Detached Housing Market Has Been a Slow Bleed
March 14th, 2019
SURREY, BC – Coming off a mild January, the Fraser Valley real estate market saw an increase in sales activity and overall inventory in February along with decreased prices in … [read more]
Comments Off on FVREB Real Estate Market Gears Up for Spring
March 14th, 2019
Higher interest rates, tougher mortgage rules, and special taxes against foreign homebuyers and speculators aren’t the only headwinds cooling some of Canada’s major housing markets this winter. Toronto and Vancouver … [read more]
Comments Off on Rough Winter Weather Made Home Sales in Toronto & Vancouver Go from Bad to Worse
March 13th, 2019
The benchmark price of a Metro Vancouver home broke the $1-million barrier in summer 2017 and hasn’t dipped below it since — but that may soon change if housing-supply levels … [read more]
Comments Off on Metro Vancouver Home Could Soon Fall Below $1 Million
March 13th, 2019
Vancouver, BC – March 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 4,533 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Mortgage Stress Test Continues to Dampen Home Sales
March 12th, 2019
An economist with one of Canada’s biggest banks says the country’s real estate market is “set for a slog” this year, but nothing worse. TD Senior Economist Brian DePratto outlines … [read more]
Comments Off on Demand & Borrowing Costs are Keeping The Canadian Housing Market from Crashing
March 11th, 2019
British Columbia’s moderating housing market will have a domino effect of overall weakness in the provincial economy, the Conference Board of Canada predicted in its study released last week. Some … [read more]
Comments Off on BC’s Softening Real Estate Segment to Drag Down the Economy
March 9th, 2019
Of Canada’s largest sectors, it was e-commerce that accounted for much of the demand for Vancouver’s commercial and industrial space, according to CBRE Ltd. Specifically, the market’s warehouse spaces attracted … [read more]
Comments Off on E-Commerce was The Largest Demand for Vancouver’s Commercial & Industrial Space
March 8th, 2019
Metro Vancouver’s housing market is still going downhill. A newly released monthly report by the Real Estate Board of Greater Vancouver (REBGV) indicates February 2019’s home sales were 42.5% below … [read more]
Comments Off on February Home Sales in Metro Vancouver were Down 42.5% on 10-Year Average
March 7th, 2019
Housing affordability may be top of mind for many Canadians, but Canada still ranks high for homeownership internationally, suggests RBC, and any government steps to further improve it should focus … [read more]
Comments Off on Homeownership Rates in Canada’s Most Expensive Cities Still Among the Highest in the World
March 7th, 2019
A total of 1,484 home sales took place across the Metro Vancouver region in February, which is down 32.8% year-over-year and is 42.5% below the 10-year average for the month … [read more]
Comments Off on REBGV Metro Vancouver Home Sales Down Y/Y in February
March 6th, 2019
The price correction ravaging Vancouver’s housing market may have been the result of a bubble, but it definitely doesn’t exist in one. The trend of falling prices in the city … [read more]
Comments Off on Vancouver’s Real Estate Party Comes to an End
March 6th, 2019
Housing Starts The annual pace of housing starts – new housing construction projects – slowed, according to Canada Mortgage and Housing Corporation (CMHC), but dropped less than what was expected … [read more]
Comments Off on How the Canadian Housing Market Kicked Off the Year?
March 5th, 2019
With housing deceleration nationwide becoming especially apparent in January, observers warned that the strict lending rules introduced last year might have had a more drastic impact than anticipated. “The decline … [read more]
Comments Off on Housing Less Sales, Lower Prices are Becoming the New Normal
March 4th, 2019
A new report further affirms Metro Vancouver’s luxury housing market’s recent transition into a buyers’ market. According to Royal LePage, the median price of a luxury house in the region … [read more]
Comments Off on It’s A Great Time to Buy Luxury Real Estate in Vancouver
March 4th, 2019
The downward trajectory of Metro Vancouver’s housing prices will continue through 2019, before stabilizing in 2020 and seeing real growth in 2021. These are the projections according to Reuters’ recent … [read more]
Comments Off on Metro Vancouver Home Prices Won’t See Real Rebound Until 2021
March 4th, 2019
The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February. The Real Estate Board of Greater Vancouver (REBGV) reports that … [read more]
Comments Off on REBVG Housing Market Conditions Continue to Favour Home Buyers
March 3rd, 2019
Vancouver’s housing market has been undergoing a well-publicized correction, and that’s expected to keep taking a bite out of condo developers’ bottom lines in 2019, suggests industry observer Urban Analytics. … [read more]
Comments Off on Metro Vancouver New-Housing Segment Prediction in Early 2019
March 2nd, 2019
It’s been a year since federal policymakers brought in more stringent mortgage rules, and the BC housing market is still feeling the impact, according to the provincial real estate association. … [read more]
Comments Off on Many BC Regions are Now Exhibiting Buyer’s Market Conditions While Northern & Island Markets Continue to Reflect Balance Between Supply & Demand
March 1st, 2019
Property sales on a national level increased in Canada in January 2019 month on month but they remained below levels recorded one year ago, the latest index shows. Overall sales … [read more]
Comments Off on Sales Increased M/M in Canada But Still Below A Year Ago
Comments Off on REBGV Townhouse Resale Average Price/Per Sqft February 2019