February 14th, 2024
For developers in the presale market, 2023 was a challenging year. Still, many managed to find success. A total of 13,049 units across 104 projects launched over the course of … [read more]
February 14th, 2024
Vancouver, BC – February 13, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 3,979 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems … [read more]
Comments Off on BCREA A Steady Pace of New Inventory for Keeping Housing Market Balanced as Activities Accelerate
February 13th, 2024
While transaction volumes are decidedly down from the third quarter (Q3) of 2023, the year-over-year figures mask what appears to be an emerging pattern of stability coming back into the … [read more]
Comments Off on REBGV Commercial Market Down, but Not Out
February 12th, 2024
We are thrilled to unveil the MLA Intel 2024 report, our annual market intelligence spanning BC’s presale real estate market. This new edition offers a comprehensive overview of the past … [read more]
Comments Off on Presale & Resale Market Summary, Forecast in A Shifting Landscape
February 12th, 2024
Predicting what lies ahead for the year, whether it’s trends or prices, is a matter of knowing what factors are at play, including the economy and government policies. As a … [read more]
Comments Off on Canadian Real Estate is Expecting Interest Rates to Keep A Lid on Prices, with an Anticipated Uptick in Sales Activity This Spring
February 7th, 2024
SURREY, BC – The Fraser Valley real estate market showed signs of recovery in January as home sales rose after six consecutive months of decline, and new listings more than … [read more]
Comments Off on Fraser Valley Housing Market Signs of Recovery & Stability
February 6th, 2024
New data shows that Canadian home prices ended the year on a “downward trend,” and aren’t expected to bottom out until at least late spring. The latest Teranet-National Bank Composite … [read more]
Comments Off on Interest Rate Cuts Expected Should Set The Stage of Market Stabilization in Q2
February 5th, 2024
Vancouver, BC – January 25, 2024. The British Columbia Real Estate Association (BCREA) released its 2024 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC … [read more]
Comments Off on BCREA Q1 2024 Housing Forecast Update – A Delicate Balance Between Rising Sales & Normalizing Inventories
February 2nd, 2024
Rising interest rates, elevated borrowing costs, and waning demand weighed on homebuilding across Canada in 2023, leading to an annual decline in new home prices come year end. According to … [read more]
Comments Off on The National Supply of Unabsorbed Single-Family Homes was Up 37.6% Y/Y
February 2nd, 2024
While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the pace of newly listed properties did not … [read more]
Comments Off on REBGV Housing Market Ended 2023 in Balanced Territory, Off to Strong Start in 2024
February 1st, 2024
No growth, no interest rate hike. That’s the message from the Bank of Canada this morning, as it held its policy rate steady at 5% as part of a policy … [read more]
Comments Off on Bank of Canada Held Rate Steady at 5% is Boosting Investor Confidence
February 1st, 2024
There’s no sugar-coating it. At the aggregate level, 2023 is likely to finish with transaction volumes among the lowest levels seen in over ten years across the Real Estate Board … [read more]
Comments Off on Greater Vancouver Commercial Market Offers Reasons to Be Optimistic in 2024
January 31st, 2024
January 2024 Fraser Valley Real Estate Market Insights Welcome to the January 2024 Fraser Valley Presale Pulse episode, a real estate show brought to you by hosts Suzana Goncalves and … [read more]
Comments Off on Fraser Valley’s Presale Market Gears Up for Growth
January 31st, 2024
The Teranet-National Bank Composite Index™ continued its correction for a third consecutive month in December, with prices down 0.5% compared to November in a context where the number of transactions … [read more]
Comments Off on House Prices HPI End The Year On A Downward Trend
January 30th, 2024
Buying a home in Metro Vancouver in 2023 was not for the faint of heart and industry experts are signalling that 2024 may be same. The year ended with Vancouver’s … [read more]
Comments Off on Housing Market Predictions for 2024 Consider Low Supply & Modest Price Increases
January 29th, 2024
January 2024 Greater Vancouver Real Estate Market Insights Welcome to the January 2024 episode of the Presale Pulse, a real estate show brought to you by hosts Suzana Goncalves and … [read more]
Comments Off on Greater Vancouver Resale & Presale Market Insights, Expectations & Challenges
January 29th, 2024
Unlike 2021 and 2022, when real estate activity was turbulent and competitive, the 2023 real estate market was less volatile and intense. The 2023 market showed a stronger adherence to … [read more]
Comments Off on CREA Home Sales & Home Prices Continue to Drop
January 26th, 2024
There are a total of 8 condos & 1 townhouse for sale as of January 26th, 2024 in The Windsor Gate by Polygon Home in New Horizons Coquitlam area. The … [read more]
Comments Off on Coquitlam New Horizons The Windsor Gate Condos & Townhouses for Sale Updates as of January 26, 2024
January 26th, 2024
There are a total of 6 houses for sale as of January 26, 2024 in New Horizons & Hockaday Coquitlam. There is 1 new listing for houses for sale in … [read more]
Comments Off on Coquitlam New Horizons & Hockaday Houses for Sale Updates as of January 26, 2024
January 26th, 2024
There are a total of 12 houses for sale as of January 26, 2024 in Westwood Plateau Coquitlam. There are 4 new listings for houses for sale in Westwood Plateau … [read more]
Comments Off on Coquitlam Westwood Plateau Houses for Sale Updates as of January 26, 2024
January 25th, 2024
There are a total of 181 condos for sale as of January 25, 2024 in Burnaby Metrotown area. There are 76 new listings for condos for sale in Burnaby Metrotown … [read more]
Comments Off on Burnaby Metrotown Condos for Sale Updates as of January 25, 2024
January 25th, 2024
There are a total of 158 houses for sale as of January 25, 2024 in Coquitlam. There are 42 new listings for houses for sale in Coquitlam for the period … [read more]
Comments Off on Coquitlam Houses for Sale Updates as of January 25, 2024
Comments Off on Presale Unit Absorption, Prices & Consumer Sentiment is Expected to Improve in 2024