June 12th, 2018
Cooling demand in Metro Vancouver’s housing market allowed supply to accumulate in May, however, the amount of homes for sale still remain below long-term averages. In May, a total of … [read more]
June 11th, 2018
VANCOUVER (NEWS 1130) – Tougher mortgage qualification rules did not stop Vancouver-area home prices from heating up in May, posting double-digit gains driven by the condo market. The Real Estate … [read more]
Comments Off on Vancouver’s Market Saw Double-Digit Gains Driven by the Condo Market in May
June 11th, 2018
The Canadian housing market certainly got off to a cooler start in 2018 than many had predicted. Home sales and prices have continued to drop on a year-over-year basis, leaving … [read more]
Comments Off on What to Expect from The Canadian Housing Market in the 2nd Half of 2018
June 10th, 2018
Vancouver, BC – June 7, 2018. The BCREA Commercial Leading Indicator (CLI) declined for the first time in three years, falling 1.5 points in the first quarter of 2018 to … [read more]
Comments Off on Commercial Leading Indicator Points to Slower Activity on the Horizon
June 8th, 2018
Home sales across Greater Vancouver may be soft so far this year compared with the past couple of years, but that won’t be enough to bring average prices down, according … [read more]
Comments Off on Residential Sales Forecast to Slow Further This Year But Recover Next Year
June 7th, 2018
As BC’s economy slows down over the next two years, its housing market will also ease and will be marked by declining home sales into 2020. This year, residential sales … [read more]
Comments Off on BCREA Housing Market will Continue Its Slowdown into 2020
June 6th, 2018
If you like having options, now’s the time to browse some real estate. Home sales in May across Greater Vancouver dropped by 35.1% compared to the same period last year, … [read more]
Comments Off on Greater Vancouver Home Sales Slow in May as Real Estate Listings Increase
June 5th, 2018
SURREY, BC – The Fraser Valley stepped towards a more balanced market in May, with both sales and overall inventory reaching their highest points for the year. The Fraser Valley … [read more]
Comments Off on FVREB Market Finds Comfortable Pace in May as Inventory Reaches Highest Level in 2 Years
June 4th, 2018
Weaker home sales continued through April but the slide in sales showed signs of moderating. BC Multiple Listing Service (MLS) sales fell for the fourth straight month in April to … [read more]
Comments Off on BC Housing Markets Easing Into Balance
June 4th, 2018
Home buyer demand continues to decline across the Metro Vancouver housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 … [read more]
Comments Off on REBGV Reduced Demand is Allowing Housing Supply to Accumulate
June 3rd, 2018
For the first quarter of 2018, industry watchers were predicting that the cooling seen in the housing market would start to reverse course by the spring. But so far that … [read more]
Comments Off on Factors That are Weighing the Canadian Housing Market Down
June 2nd, 2018
Baby boomers and retirees now account for 91% of recreational property sales in Canada, according to an annual survey of the recreational residential market by Leger for Re/Max Canada. This … [read more]
Comments Off on Baby Boomers & Retirees Account for 91% of Recreational Property Sales in Canada
June 2nd, 2018
The Canadian economy grew just 1.3% in the first quarter of 2018, as consumer spending and the housing market continued to under perform. But that wasn’t the only story linking … [read more]
Comments Off on How The Housing Market Played A Role This Week?
June 2nd, 2018
Although provinces like Ontario and BC have enacted legislation aimed at cooling activity in their white hot housing markets, housing affordability continues to deteriorate in those provinces’ major urban centres … [read more]
Comments Off on Canadian Housing Affordability Takes A Hit in Q1
June 1st, 2018
As the weather warms up, industry experts agree that home sales and prices will continue cooling in Metro Vancouver as the market adjusts to stricter mortgage regulations and new BC … [read more]
Comments Off on Vancouver’s Housing Market Trends This Summer
May 31st, 2018
Perhaps to the surprise of many, the majority of adult Canadians between the ages of 23 and 38 have already bought a home, according to study from Genworth Canada. Millennials, … [read more]
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May 31st, 2018
Home sales in Canada fell almost 3% month on month in April while prices have also been falling, down over 11% year on year, the latest national index shows. About … [read more]
Comments Off on New Mortgage Tests Still Impacting Property Market in Canada with Sales & Prices Down
May 31st, 2018
BCREA 2018 Second Quarter Housing Forecast Update Vancouver, BC – May 31, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Second Quarter Housing Forecast today. Multiple Listing … [read more]
Comments Off on BCREA Q2 Housing Forecast Update : Slower Growth Expected for Economy & Housing Market
May 30th, 2018
For years, economists have written about a major boon to the Canadian economy : the country’s red hot housing market. Many have speculated that historically low interest rates have allowed … [read more]
Comments Off on Canada’s Lack of Export Success is Partially to Blame Placed Upward Pressure on Home Price
May 30th, 2018
Housing markets continue to struggle in Canada. The April sales numbers are in and they are not pretty. Housing markets across Canada are still struggling to ward off the stresses … [read more]
Comments Off on Housing Markets Set for Another Summer of Discontent & Mortgage Rules Are to Blame
May 29th, 2018
Timing is everything in cyclical markets like housing, but can you afford to wait for a recovery? History tells us that with very rare exceptions, no matter how far property … [read more]
Comments Off on Still Waiting for The Bank of Canada’s Promised Real Estate Rebound?
May 28th, 2018
Sales in manufacturing rose to $57.1 billion in March, with economists expecting ongoing economic growth. Juxtopositioned against a now-stable housing market — where prices are reliable and inventory is reasonably … [read more]
Comments Off on Stable Housing Market & Growing Economy May Make Now The Best Time to Buy New Property
Comments Off on How Easing Demand Pushed Up Housing Supply in Greater Vancouver