REBGV Detached-Home Resale Average Price/Per Sqft November 2018
December 15th, 2018
December 15th, 2018
December 14th, 2018
There was a slight increase in Canadian housing starts in November, the second month of strong activity for the homebuilding sector. But according to economists, the solid performance could hit … [read more]
Comments Off on Higher Interest Rates Could Hit Canada’s New Construction Housing Market
December 14th, 2018
After two years of holding court at the top of global price rankings, the Canadian housing market took another price tumble last quarter. While the country’s housing market held fourth … [read more]
Comments Off on The Canadian Housing Market Has Fallen to The Bottom of The Global Price Ranking
December 14th, 2018
Vancouver, BC – December 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,179 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Home Sales Continue at Slower Pace
December 13th, 2018
For months, industry experts have written about how higher interest rates will affect the Canadian housing market in 2019. But according to one economist, they might not be such a … [read more]
Comments Off on Canadian Household Debt Levels Could Affect The Housing Market in 2019
December 12th, 2018
New home prices won’t collapse next year, nor will they begin surging again, predicts a market observer with about 30 years of experience in the industry. “I certainly think prices … [read more]
Comments Off on Vancouver’s New Home Market to Remain Stable in 2019
December 12th, 2018
2018 began with a steep nationwide drop in housing activity. Stricter mortgage qualification rules pushed buyers to the sidelines, as year-over-year double-digit sales decreases became the norm. Of course, some … [read more]
Comments Off on Vancouver Housing Market will Continue to Correct in 2019
December 12th, 2018
In November the Teranet–National Bank National Composite House Price IndexTM was down 0.3% from the previous month.[1] A November decline is not the norm – this was only the fourth … [read more]
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December 11th, 2018
As Metro Vancouver developers pressed on with more new residential project launches, demand for homes on the resale market stayed stuck below historically normal levels in November. A total of … [read more]
Comments Off on What Happened in Vancouver’s Resale Housing Market?
December 10th, 2018
November home sales across Metro Vancouver were 34.7% below the 10-year average for the month, according to new Real Estate Board of Greater Vancouver data released December 4. A total … [read more]
Comments Off on REBGV Sales Down 43% for All Home Types Across Metro Vancouver
December 8th, 2018
2018’s headlines were dominated by a new mortgage stress test, stricter foreign buyer taxes for two major markets and the ongoing effects of dipping oil prices, all of which took … [read more]
Comments Off on Canadian Housing Market Headlines We’re Going to See in 2019
December 7th, 2018
To get a handle on how detached home values in Vancouver have evolved since 2016, the year the province started taxing foreign buyers, Glacier Media analyzed median prices — and … [read more]
Comments Off on Detached Home Prices in Vancouver Aren’t Collapsing
December 7th, 2018
It can seem like there are endless things to worry about when it comes to the Canadian housing market. Would-be buyers have to contend with headlines cautioning them about the … [read more]
Comments Off on Concerns to Take-Off Canadian Housing Market Worry List for 2019
December 6th, 2018
Ask most Metro Vancouver residents when the most recent peak of the single-family home market was, and they’ll likely tell you around the spring of 2016. After all, that’s when … [read more]
Comments Off on Detached Home Prices Plunging? Not Exactly
December 5th, 2018
Canada’s GDP grew by 2.0 percent in the third quarter of the year, falling just below many economists forecasts. While there were several factors involved in the somewhat lacklustre growth … [read more]
Comments Off on A Cooling Housing Market Had A Role to Play Canada’s Economy Posted Lacklustre Growth Last Quarter
December 5th, 2018
In many ways, Vancouver’s housing market is cooling. The rate at which new condo projects are coming to market isn’t one of them. At least that’s what MLA Canada, a … [read more]
Comments Off on Vancouver New Condo Launches to Pick Up Steam in Normally Quiet December
December 5th, 2018
SURREY, BC – Despite November’s market continuing at a slower pace and dropping compared to all-time highs in 2017, sales and inventory levels for the month were on par with … [read more]
Comments Off on FVREB Market Stays Quiet Through November
December 4th, 2018
Strong demand for condos in popular winter resorts is driving massive price gains in Whistler at nearly double the rate of detached homes, according to a report released November 28 … [read more]
Comments Off on Whistler Condo Median Price is Up 26.5% from A Year Ago, Nearly Twice the Increase of Detached Home
December 4th, 2018
Metro Vancouver’s average condo sale price will fall from its peak of $750K in 2018’s first quarter to as little as $550K by late 2021, according to a trend report … [read more]
Comments Off on Metro Vancouver Condo Prices to Plunge 26% by 2021
December 4th, 2018
Home buyer demand remains below long-term historical averages in the Metro Vancouver housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales totalled 1,608 in … [read more]
Comments Off on Metro Vancouver Homes Sales Down Across All Property Types
December 3rd, 2018
As some homebuyers in Metro Vancouver catch a break from declining property values, tenants are facing further rent increases. According to the Canada Mortgage and Housing Corporation (CMHC)’s Rental Market … [read more]
Comments Off on Metro Vancouver Tenants Paying More for Rent While Homebuyers See Prices Drop
December 3rd, 2018
Industry watchers have long worried about Canadians’ high household debt levels, which are some of the highest in the world. As interest rates continue to rise, should we be bracing … [read more]
Comments Off on Canadian’s Housing Market May Be Unaffordable but It’s Stable
Comments Off on REBGV Detached-Home Resale Average Price/Per Sqft November 2018