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]
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
February 28th, 2019
Metro Vancouver’s luxury detached homes will see a further median price decline of 7.1% over the next year, according to a forecast issued February 21 by Royal LePage. The national … [read more]
Comments Off on Metro Vancouver’s High-End House Prices to Fall A Further 7.1%
February 28th, 2019
OTTAWA – The Canadian Real Estate Association says last month was the weakest January for residential sales since 2015, with the number of transactions down 4% nationally from last year. … [read more]
Comments Off on Average Selling Price for Canadian Homes Down 5.5% Y/Y
February 27th, 2019
Amid intensified construction activity, Vancouver’s industrial real estate market is steadily magnetizing foreign investors, a trend that might pose a major challenge for the domestic buyer segment. Numbers from Colliers … [read more]
Comments Off on Vancouver’s Industrial Segment is magnetizing Foreign Investors
February 26th, 2019
New condo sales have declined sharply in Vancouver, the latest data from real estate consultancy Altus Group shows, but activity isn’t likely to collapse below historical norms. That’s because homebuilders … [read more]
Comments Off on Condo Developers Must Adapt the Changes & Keep Homebuying Within Reach
February 25th, 2019
Researchers predict Canadian home price gains will grind to a halt in the coming years — and when values do get on the road to recovery, the pace of growth … [read more]
Comments Off on Canadian Home Price Gains will Grind to A Halt in The Coming Years
February 25th, 2019
Vancouver, BC – February 25, 2019. The British Columbia Real Estate Association (BCREA) released its 2019 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in … [read more]
Comments Off on BCREA 1st-Q Housing Forecast Update – Housing Market Adjusts to Mortgage Stress Test
February 24th, 2019
There are a total of 24 condos for sale as of February 24th, 2019 in The MET & MET2 by Concord Pacific in Burnaby Metrotown area. The smallest condo unit … [read more]
Comments Off on Burnaby Metrotown The MET & MET2 Condos for Sale Updates as of February 24, 2019
February 24th, 2019
There are a total of 13 houses for sale as of February 24, 2019 in New Horizons & Hockaday Coquitlam. There are 5 new listings for houses for sale in … [read more]
Comments Off on Coquitlam New Horizons & Hockaday Houses for Sale Updates as of February 24, 2019
February 24th, 2019
There are a total of 51 houses for sale as of February 24, 2019 in Westwood Plateau Coquitlam. There are 12 new listings for houses for sale in Westwood Plateau … [read more]
Comments Off on Coquitlam Westwood Plateau Houses for Sale Updates as of February 24, 2019
Comments Off on E-Commerce was The Largest Demand for Vancouver’s Commercial & Industrial Space