March 25th, 2024
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]
March 22nd, 2024
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March 22nd, 2024
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March 22nd, 2024
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March 22nd, 2024
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March 21st, 2024
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March 21st, 2024
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March 21st, 2024
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March 21st, 2024
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March 20th, 2024
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]
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March 19th, 2024
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]
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March 18th, 2024
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]
Comments Off on BCREA Active Listings are Up 20.3%, Both Sales (15.3%) & Prices (4.7%) Increased Y/Y
March 12th, 2024
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]
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March 11th, 2024
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]
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March 11th, 2024
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]
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March 8th, 2024
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]
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March 7th, 2024
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]
Comments Off on BC’s New Flipping Tax Could Only Impact A Small Number of Properties
March 7th, 2024
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]
Comments Off on Metro Vancouver Commercial Real Estate to Be More Active as Interest Rate Cuts Take Hold
March 6th, 2024
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]
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March 5th, 2024
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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March 5th, 2024
Rosier days may be ahead for BC’s real estate market, with the provincial government predicting on Thursday a rebound in sales activity in 2024. However, those hoping for lower home … [read more]
Comments Off on BC Expected Resales & Prices will Rise, Housing Starts to Fall as Constructions Battle Higher Costs
March 4th, 2024
While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31% year-over-year in February, bringing a significant number of newly listed properties to the market. Greater Vancouver … [read more]
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Comments Off on CREA Home Sale Jumped 19.7% Y/Y, Current Activity Climbed Back to 5% Below The 10-Year Average