September 23rd, 2024
Canada’s housing market experienced minimal changes in August despite the Bank of Canada’s interest rate cut in June, the first since 2020. Many potential buyers and sellers are expected to … [read more]
September 20th, 2024
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September 20th, 2024
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September 20th, 2024
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September 20th, 2024
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September 19th, 2024
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September 19th, 2024
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September 19th, 2024
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September 19th, 2024
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September 18th, 2024
In June, national home sales rose following the Bank of Canada’s first interest rate cut since 2020. August also saw a modest increase after the second rate cut in late … [read more]
Comments Off on Home Sales Saw A Modest Increase After Interest Rates Cut, National HPI Stayed Flat M/M
September 17th, 2024
The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely “stuck in a holding pattern” despite … [read more]
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September 16th, 2024
Unlike the past few years, this spring marked one of the first markets in a number of years where buyers could leisurely browse a surplus of new listings. Despite favorable … [read more]
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September 11th, 2024
There could be a boost for owners of residential real estate assets in the months ahead as lower interest rates adds fuel to the Canadian housing market. RE/MAX Canada’s 2024 … [read more]
Comments Off on Interest Rate Cuts Could Spark Buying Activity & Rising House Prices by Up to 6% in Fall Market
September 11th, 2024
Vancouver, BC – September 11, 2024. The British Columbia Real Estate Association (BCREA) reports that 5,943 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in August 2024, … [read more]
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September 10th, 2024
Housing sales did not pick up in August across Langley, but a regional builder says interest rate cuts will likely lead to a busier market in 2025. The Fraser Valley … [read more]
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September 10th, 2024
Prospective Vancouver homebuyers haven’t yet benefited from the third Bank of Canada interest rate cut that came in early September, and that is showing in the latest statistics from Greater … [read more]
Comments Off on Greater Vancouver Housing Market Sees Both Sellers & Buyers Hesitating Despite Rate Cuts
September 9th, 2024
As the real estate market shifts from the quiet summer months to a bustling fall, homebuyers in the Lower Mainland are presented with a mixed outlook. The summer of 2024 … [read more]
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September 6th, 2024
SURREY, BC – The Fraser Valley residential resale market slowed again in August, as homebuyers continue to face affordability challenges. The Fraser Valley Real Estate Board recorded 1,067 sales in … [read more]
Comments Off on Fraser Valley Buyers Continue to Wait on The Sidelines as Squeeze of Overall Affordability Challenges
September 5th, 2024
Vancouver, BC – August 26, 2024. The British Columbia Real Estate Association (BCREA) released its 2024 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC … [read more]
Comments Off on Bank Of Canada Policy Shift Has Positive Implications for BC Q3 Housing Market
September 4th, 2024
After a somewhat promising June, data from Canadian Real Estate Association’s (CREA) July 2024 statistics report reveals housing market activity effectively stalled in July, despite the July 24 interest rate … [read more]
Comments Off on CREA Most Recent Statistics Report Predicts Further Increases in Housing Activity Going Into 2025
September 4th, 2024
Home sales registered on the MLS® in Metro Vancouver remained below their ten-year seasonal averages in August as summer holidays come to a close. The Greater Vancouver REALTORS® (GVR) reports … [read more]
Comments Off on Hesitancy Paired with Accumulated Inventory Has Moved The Housing Market Firmly into Balanced Conditions
September 3rd, 2024
The BCREA CLI fell 0.4 points to 145.9 in the second quarter of 2024, while the six-month moving average also fell to 146.1. The index is unchanged from the same … [read more]
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Comments Off on Declining Home Prices & Home Sales Through Canadian Major Housing Markets