August 15th, 2018
Total home sales fell 30% year-over-year in July after seen an almost 38% the previous month, according to British Columbia Real Estate Association data released August 13. A total of … [read more]
August 15th, 2018
Vancouver – Home sales in July across Metro Vancouver tumbled to their lowest level in 18 years in statistics compiled by the real estate board, but prices remained steady since … [read more]
Comments Off on Fewer Buyers, More Choice Push Vancouver Home Sales to Lowest Level Since 2000
August 14th, 2018
In July the Teranet–National Bank National Composite House Price IndexTM was up 0.8% from the previous month.[1] As in June, the gain might seem large but was below the historical … [read more]
Comments Off on Seasonal Pressures Explain The Rise of the Composite Index in June and July
August 14th, 2018
While there are many factors that affect the Canadian economy, the one that often gets the most lip service is its housing market. And, according to TD senior economist James … [read more]
Comments Off on Interest Rate Hikes Taking A Bite Out of Canada’s Housing Market
August 13th, 2018
A survey from REMAX revealed that demand for recreational properties is surging. In particular, the survey showed that retirees are driving demand for vacation properties in 91% of regions surveyed. … [read more]
Comments Off on Demand for Recreational Properties is Surging
August 13th, 2018
The federal government’s mortgage stress test was expanded in January in a bid to protect homeowners from becoming overextended, particularly in Vancouver, which has the highest average home prices in … [read more]
Comments Off on Vancouver Mortgage Defaults Plunge as Home Prices Increase
August 13th, 2018
Vancouver, BC – August 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Summer Home Sales Slow to A Simmer
August 13th, 2018
The Canadian housing market has weathered a series of blows this year, including a mortgage stress test which sent sales plunging in January. But there is another factor placing a … [read more]
Comments Off on Canada’s Housing Market Correction is In The “Real-View Mirror”
August 10th, 2018
The city’s 0.25% property tax rate is low not only for Canada, but also when stacked up against what homeowners pay in the US. Got a million dollars to plow … [read more]
Comments Off on Vancouver’s Homes are Costly to Buy but Cheap to Own
August 9th, 2018
Metro Vancouver’s housing market is feeling the impact of a quieter summer with home sales falling to an 18-year low for the month of July. Last month, 2,070 homes changed … [read more]
Comments Off on Facts That Show Metro Vancouver’s Quiet Housing Market This Summer
August 8th, 2018
Hot weather, cool real estate market – but what about prices? It depends where you live ….. July may have been scorching in terms of the weather, but the real … [read more]
Comments Off on Metro Vancouver Housing Market is Taking A Wait-and-See Approach
August 8th, 2018
The cost to lease industrial and logistics space in Vancouver rose 29.1% over the past 12 months, which is the highest year-over-year increase in the world over that period, according … [read more]
Comments Off on The Cost to Lease Industrial & Logistics Space in Vancouver Rose 29.1%
August 7th, 2018
A recent shrinkage in home prices across Metro Vancouver will not help improve the prospects of more affordable housing for first-time buyers, according to observers. This is because properties are … [read more]
Comments Off on Vancouver’s Recent Price Declines Do Not Guarantee Improved Affordability
August 7th, 2018
Although overall home prices in Metro Vancouver are still rising, price growth has been significantly easing for the last two quarters and even dropped for detached properties in some areas … [read more]
Comments Off on Why Detached Home Price Are Falling in Metro Vancouver Areas
August 6th, 2018
Although overall home price growth has eased in Greater Vancouver over the past year, prices continue to rise in the region’s condo market, due to overwhelming demand for the more … [read more]
Comments Off on Millennials, Boomers & New Canadians are Causing Condo Prices to Soar in Greater Vancouver
August 6th, 2018
BC housing starts sank in June as a steep decline in the Vancouver Census Metropolitan Areas (CMA) offset gains elsewhere in the province. Total urban-BC starts fell to a seasonally … [read more]
Comments Off on Metro Vancouver Leads BC’s Housing Starts Stall
August 4th, 2018
SURREY, BC – Overall housing supply continued to grow in July as sales dropped to their lowest point this year since January. The Fraser Valley Real Estate Board processed 1,290 … [read more]
Comments Off on FVREB Inventory Builds as Summer Slowdown Hits
August 3rd, 2018
For an eighth consecutive quarter, Canada’s housing market remains highly vulnerable to instability thanks to moderate levels of price acceleration and overvaluation. In the first quarter of 2018, four of … [read more]
Comments Off on 4 Cities Are Keeping Canada’s Housing Market in “Highly Vulnerable” Territory
August 3rd, 2018
Stricter mortgage qualification rules and an increase in mortgage rates helped drive the number of home sales down 30% year-over-year across Metro Vancouver in July, according to new data from … [read more]
Comments Off on Metro Vancouver Home Sales Fall to Lowest Level for Month of July in 18 Years
August 2nd, 2018
July’s residential housing sales in Metro Vancouver reached their lowest levels for that month since the year 2000. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property … [read more]
Comments Off on Housing Supply Up, Demand Down Across Metro Vancouver
August 2nd, 2018
The latest Housing and Mortgage Market in Canada report by Mortgage Professionals Canada revealed that stricter government measures are pushing consumers towards a more negative outlook for housing and real … [read more]
Comments Off on Canadian Optimism Toward Housing Has Frayed
August 2nd, 2018
Canadian real estate markets are cooling everywhere west of Ottawa. That had little impact on the latest report from the Canada Mortgage and Housing Corporation (CMHC). The Government backed agency … [read more]
Comments Off on Canada’s National Housing Agency Thinks Canadian Real Estate Is Overvalued
Comments Off on BCREA Greater Vancouver Total Home Sales Fell 30% Year-Over-Year