April 12th, 2018
Metro Vancouver home sales over the first quarter of this year were the lowest in five years, but statistics from the Real Estate Board of Greater Vancouver also showed that … [read more]
April 12th, 2018
Vancouver, BC – April 12, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,409 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Policy Induced Demand Slide Does Little to Impact Supply
April 11th, 2018
Although Vancouver condo sales continued to drop in March, almost half of those sales were sold above asking price. Vancouver realtor Steve Saretsky says this confirms that bidding wars are … [read more]
Comments Off on Will Bidding Wars in Vancouver’s Condo Market Slow Down Anytime Soon?
April 11th, 2018
Canadian home buyers rejoice — according to a new report from RBC, the housing market is more affordable now than it has been in years. The bank’s national housing affordability … [read more]
Comments Off on Canadian Housing Affordability is Finally Improving for the First Time in 2 Years
April 10th, 2018
Metro Vancouver home sales just recorded the lowest first-quarter total since 2013. And, the Real Estate Board of Greater Vancouver (REBGV) points the finger squarely at the introduction of stricter … [read more]
Comments Off on Rising Rates & Mortgage Rules Weighted on Vancouver’s Housing Market
April 9th, 2018
The first quarter of 2018 was a particularly rough one for the Canadian housing market, which saw sales plunge year-over-year for three consecutive months. It was a particularly dramatic drop … [read more]
Comments Off on The Canadian Housing Market Saw A “Dramatic Difference” from Last Quarter
April 9th, 2018
The Canadian housing market has seen plenty of regulation over the past year — from a GTA foreign buyer tax to a national mortgage stress test for uninsured borrowers — … [read more]
Comments Off on Where is The Canadian Housing Market Headed in 2018?
April 9th, 2018
Metro Vancouver home sales continued to drop on a year-over-year basis in March, and one of Canada’s biggest banks says BC’s new property taxes are likely to blame. Last month, … [read more]
Comments Off on Vancouver Home Sales Continue to Drop
April 7th, 2018
Price growth in key global prime property markets will continue to be strongly linked to domestic economic performance and wealth creation in 2018, according to new research. But buyers will … [read more]
Comments Off on Global Prime Property Prices Will Depend on Domestic Economies
April 6th, 2018
The implementation of new housing policies in BC aimed at cooling skyrocketing prices could spell trouble for households and the economy. In fact, a relatively minor 10% dip in prices … [read more]
Comments Off on A Negative Shock to BC Home Prices Could Mean for Economy
April 5th, 2018
Prices for Metro Vancouver homes rose in March even as sales and new listings sputtered, according to statistics that the Real Estate Board of Greater Vancouver (REBGV) released April 4. … [read more]
Comments Off on Metro Vancouver Region Has Quietest March for Sales Since 2009
April 5th, 2018
It’s more than 4,000 kilometres from Vancouver to New Brunswick, but as far as house prices ago it is light years in distance. The benchmark price for a Canadian home … [read more]
Comments Off on Benchmark Highlight Housing-Price a $900,000 Difference Between Vancouver & Eastern Canada
April 4th, 2018
SURREY, BC – While sales reached slightly above the ten-year average for the month, a lack of sufficient inventory in the Fraser Valley continued to put pressure on homebuyers in … [read more]
Comments Off on FVREB Spring Market Kicks-Off with Slim Supply in March
April 4th, 2018
A recent report from BMO Economics pointed at continuous residential property price growth in Canada’s top markets – a development driven by millennials snapping up homes left and right amid … [read more]
Comments Off on Millennials & the Economy Continue to Push Prices Upward
April 4th, 2018
Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in … [read more]
Comments Off on Fewer Home Sales & Listings in the First Quarter of 2018
April 3rd, 2018
In Greater Vancouver, strong demand for condos continues to be met with limited supply, pushing up prices for what was at one time a more affordable home option. And this … [read more]
Comments Off on Facts to Know About Metro Vancouver’s Condo Market Heading into Spring
April 3rd, 2018
Canadian home sales are expected to drop this year and BC’s new property taxes could be partly to blame. In February, the BC government unveiled its 2018 budget which includes … [read more]
Comments Off on BC’s New Property Taxes will Drop National Resales by 3.7% This Year
April 2nd, 2018
The outlook for the residential property market in Canada has been lowered as new mortgage rules are expected to cool the housing sector and interest rates are expected to rise. … [read more]
Comments Off on Sales & Price Outlook for Canadian Housing Market Lowered for 2018
April 1st, 2018
New property taxes outlined in BC’s 2018 budget are under fire for primarily affecting domestic homeowners in the province, Alberta and other parts of Canada, instead of targeting foreign buyers. … [read more]
Comments Off on BC’S New Property Taxes will Push Homebuyers Away from the Market
March 31st, 2018
Canada’s housing market saw another so-called payback sales drop in February, when the national average home price slumped by 5% from a year ago, after a surge in sales late … [read more]
Comments Off on National Sales Activity Posts Lowest Levels in Nearly 5 Years
March 31st, 2018
There’s no doubt that tougher mortgage rules and an interest rate hike took a serious bite out of the Canadian housing market in January, as national home sales fell 14.5%. … [read more]
Comments Off on Canadian Housing Markets Remain Affordable & Healthy Except Toronto & Vancouver
March 31st, 2018
Canada’s economy has gotten off to a bumpy start in 2018, with GDP growth slumping 0.1% in January after a red-hot 2017. How much of a role does the Canadian … [read more]
Comments Off on How Much Will the Housing Market Affect the Canadian Economy This Year?
Comments Off on Vancouver Home Sales Slow Down But Prices Remain Inflamed