November 15th, 2018
In October the Teranet–National Bank National Composite House Price IndexTM was down 0.4% from the previous month.[1] An October decline is not the norm – this was only the fourth … [read more]
November 14th, 2018
Vancouver is now ranked as the worst place in the world for luxury homebuyers seeking a return on their investment, according to a global survey of 43 “prime residential” cities. … [read more]
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November 14th, 2018
Vancouver, BC – November 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Balanced Conditions Prevail in BC Housing Market
November 13th, 2018
The Canadian housing market hasn’t provided much of a boost to the country’s economy in 2018 and, according to one bank, it’s a trend that will likely continue in the … [read more]
Comments Off on The Canadian Housing Market Could Become A Drag on The Economy in 2019
November 13th, 2018
Home prices are forecast to range between $501,400 and $521,600. OTTAWA — Canada Mortgage and Housing Corp. says the country’s real estate market is expected to moderate over the next … [read more]
Comments Off on CMHC Housing Market will Moderate for Next 2 Years as Sales & Price Decline
November 12th, 2018
Metro Vancouver’s resale housing market continued cooling in October as inventory hit its highest level in about four years, according to the Real Estate Board of Greater Vancouver (REBGV). Some … [read more]
Comments Off on Metro Vancouver Homebuyers Get “A Little Relief”
November 10th, 2018
While it can seem like there’s no slowing down when it comes to the red-hot real estate market as a whole in Vancouver, it appears that at least one segment … [read more]
Comments Off on Vancouver Sees World’s Biggest Drop in Luxury Home Prices
November 9th, 2018
As fall draws to a close and the new year approaches, plenty of industry experts are making predictions about what 2019 will have in store for the Canadian housing market. … [read more]
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November 8th, 2018
VANCOUVER—Home buyers looking to get into the market still face an average price of $1.27 million across Metro Vancouver despite slowing sales, according to a new housing survey. Compared to … [read more]
Comments Off on Vancouver Home Prices Remain Out of Reach for New Buyers Despite Slower Market
November 8th, 2018
Canada’s latest GDP numbers will be released later this week and, to no one’s surprise, the country’s housing market will likely have an impact on the results. While a trend … [read more]
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November 8th, 2018
BCREA 2018 Fourth Quarter Housing Forecast – BC Home Sales to Rise in 2019. Vancouver, BC – November 8, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 … [read more]
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November 7th, 2018
The third quarter of 2018 brought some warmth to the Canadian housing market, as both sales and prices began to inch upwards after months of cooling activity. But now a … [read more]
Comments Off on The Issues Affecting The Canadian Housing Market in the Final Quarter of 2018
November 6th, 2018
Toronto and Vancouver condo units in the $1-2 million price range have attracted a healthy proportion of buyers over the past few years, according to the 2018 RE/MAX Spotlight on … [read more]
Comments Off on Luxury Condo Segment Continuously Drawing in Buyers
November 6th, 2018
Often blamed for overheating in major markets, flippers actually represented only a minor proportion of home transactions in Toronto and Vancouver, according to a Bloomberg analysis that looked at Teranet … [read more]
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November 5th, 2018
Real estate prices may be dropping, but the overall market is still exposed to a high degree of vulnerability. The Canadian Mortgage and Housing Corporation (CMHC) recently revealed this insight … [read more]
Comments Off on Housing Market Remains Vulnerable Despite Waning Prices
November 5th, 2018
Prices for Metro Vancouver homes are starting to decline in the wake of sluggish sales and plenty of residences up for sale, according to the Real Estate Board of Greater … [read more]
Comments Off on Slow Sales & Lots of Inventory Push Down Vancouver Home Prices
November 4th, 2018
Two years ago, Vancouver topped international real estate consultancy Knight Frank’s global ranking of the hottest luxury real estate markets. Now, the city placed dead last. “Vancouver ….. sits at … [read more]
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November 4th, 2018
The Metro Vancouver housing market is still exhibiting signs of overvaluation as home prices continue to outpace local income growth, according to a new Canada Mortgage and Housing Corporation (CMHC) … [read more]
Comments Off on CMHC Vancouver Housing Market Highly Vulnerable Despite Easing Prices
November 3rd, 2018
Home sales across the region took a drubbing in October, plummeting 34.9% compared with the same month a year ago. The Real Estate Board of Greater Vancouver (REBGV) reported November … [read more]
Comments Off on Metro Vancouver Home Sales Plunge 35% in October
November 3rd, 2018
National home sales in Canada edged back 0.4% from August to September and activity is down 8.9% from the same period in 2017, the latest index figures show. At the … [read more]
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November 2nd, 2018
SURREY, BC – The Fraser Valley housing market saw slight increases in both total transactions and overall inventory this month after sales hit their lowest point for the year in … [read more]
Comments Off on October Brings Slight Bump to Sales for Fraser Valley
November 2nd, 2018
Luxury detached home sales in Canada’s major markets have struggled throughout the year, dropping 35 percent year-over-year in both Toronto and Vancouver over the past 12 months. But while detached … [read more]
Comments Off on Canadian Luxury Condo Sales Are On The Rise as High-End Detached Home Sales Plunge
Comments Off on Home Price Index Down in October in All Component Markets Except Montreal