After contracting by 1.5% over the previous five months, the Teranet-National Bank Composite IndexTM finally returned to growth in February, rising by 0.2% compared with the previous month. This increase … [read more]
March 2024 Greater Vancouver Real Estate Market Insights Welcome to the March 2024 episode of the Presale Pulse, a real estate show brought to you by hosts Suzana Goncalves and … [read more]
The Canadian Real Estate Association says February home sales jumped 19.7% compared with a year ago in what could mark the “last relatively uneventful month of the year.” The association … [read more]
In late February, the provincial government announced its intention to institute the BC home flipping tax, set to take effect on January 1, 2025. The tax, part of the Provincial … [read more]
Summary of Findings • Flipping activity, by any definition, is an insignificant share of overall transactions in BC. • We estimate that the flipping tax will lower sales in BC … [read more]
Vancouver, BC – March 13, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 5,497 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems … [read more]
The BCREA Commercial Leading Indicator (CLI) rose 3.8 points to 149.5 in the fourth quarter of 2023, while the six-month moving average rose to 147.4. Compared to the same quarter … [read more]
Traditionally, the MLA Intel Report has included a breakdown of the presale activity over the past year as well as forecasting for the year ahead. However, as MLA Canada looks … [read more]
Home sellers are awakening this spring, perhaps sensing that an improvement in market conditions will arrive soon, according to the latest statistics published on Monday by the Real Estate Board … [read more]
Following six consecutive months of decline to close out 2023, the Fraser Valley real estate market has now seen two consecutive bumps to start off 2024, according to the latest … [read more]
British Columbia has introduced an anti-flipping tax aimed at dissuading short-term property speculation for profit. If passed, it will take effect on January 1, 2025, and will target properties that … [read more]
Just a few weeks into the year, optimism regarding Metro Vancouver’s real estate outlook is muted. The first quarter has yet to deliver the level of activity many brokers anticipated, … [read more]
SURREY, BC – Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average. … [read more]
With snow still on the ground in many parts of Canada and chilly temperatures persisting, it might seem too early to talk about the spring real estate market. However, for … [read more]
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