November 22nd, 2023
Regardless of snow on the ground, the Canadian Real Estate Association’s (CREA) October report indicates winter has arrived for the nation’s housing market. The report, released on Wednesday, shows selling … [read more]
November 21st, 2023
Metro Vancouver’s residential presale market is getting some momentum thanks to a new supply of presale properties. Just over 3,500 presale units across 20 projects hit the local market last … [read more]
Comments Off on Buyer Demand Below Typical Levels of New Home Units on Offer
November 21st, 2023
Canada Mortgage and Housing Corp. says the annual pace of housing starts for October ticked up from September. The national housing agency says the seasonally adjusted annual rate of housing … [read more]
Comments Off on The Annual Pace of Housing Starts in Vancouver Rose 35%
November 20th, 2023
Homebuying in BC continues to slow down as rising interest rates cool demand. A total of 5,373 residential units were sold last month on the West Coast, according to the … [read more]
Comments Off on BC Housing Supply Increases for The 5th Consecutive Month but Remains Below Historical Norms
November 17th, 2023
Comments Off on Burnaby Metrotown Area Condo/Apartment Resale Average Price/Per Sqft October 2023
November 17th, 2023
Comments Off on Coquitlam New Horizons Area Condo/Apartment Resale Average Price/Per Sqft October 2023
November 17th, 2023
Comments Off on Coquitlam New Horizons & Hockaday Area Detached-Home Resale Average Price/Per Sqft October 2023
November 17th, 2023
Comments Off on Coquitlam Westwood Plateau Detached-Home Resale Average Price/Per Sqft October 2023
November 16th, 2023
Comments Off on Burnaby Brentwood Area Condo/Apartment Resale Average Price/Per Sqft October 2023
November 16th, 2023
Comments Off on REBGV Condo/Apartment Resale Average Price/Per Sqft October 2023
November 16th, 2023
Comments Off on REBGV Townhouse Resale Average Price/Per Sqft October 2023
November 16th, 2023
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November 15th, 2023
Vancouver, BC – November 14, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 5,373 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems … [read more]
Comments Off on BCREA Housing Market Finding Balance at Low Inventory
November 14th, 2023
BC recreational property sales continue to come off their pandemic-era highs, but rising interest rates are just one of several factors at play as the market seeks balance. “There was … [read more]
Comments Off on BC Vacation Property Sales Slash by 50% as Foreign-Buyer Ban, New Short-Term Regulations & High Interest Rates
November 8th, 2023
SURREY, BC – Property sales and new listings in the Fraser Valley fell again in October as consumers continued to put home buying and selling decisions on hold in the … [read more]
Comments Off on Fraser Valley Housing Market Sales & Prices Continue to Edge Downward
November 7th, 2023
The Real Estate Board of Greater Vancouver says the region continues to see an increase in newly listed properties, but sales still lag behind long-term trends. The board says October … [read more]
Comments Off on Homes Sales Across The Metro Vancouver Increased 3.7% Compared with Last Year
November 6th, 2023
On Wednesday, for the second time in a row, the Bank of Canada announced it would maintain its benchmark interest rate at 5%, continuing its policy of quantitative tightening amid … [read more]
Comments Off on Economic Steadiness A Positive for Presale
November 6th, 2023
An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages. The Real Estate Board of Greater Vancouver (REBGV) … [read more]
Comments Off on Housing Supply Still Outpacing Demand in Metro Vancouver as Sales Increase 3.7% Y/Y
November 3rd, 2023
BC’s weather is not the only thing cooling down in the coming months. Home sales are expected to be muted for the rest of 2023 due to high inflation and … [read more]
Comments Off on High Interest Rates Expected to Dampen Housing Sales Going Into 2024
November 2nd, 2023
Navigating Canada’s real estate market can feel like sailing through a storm. The perfect storm, really. Many people have noticed condo sales sinking throughout the country this year due to … [read more]
Comments Off on Navigating The Challenging Condo Markets in Canada
November 1st, 2023
Vancouver’s luxury market is being reshaped by new buyer sentiments and economic factors like high housing prices and low supply. That’s according to a new report from Sotheby’s International Realty … [read more]
Comments Off on Vancouver Luxury Real Estate Sales Plummeted by 26% Annually
November 1st, 2023
Vancouver, BC – October 25, 2023. The British Columbia Real Estate Association (BCREA) released its 2023 Fourth Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in BC are … [read more]
Comments Off on BCREA Q4 Housing Forecast – A Modest Uptick in Total Inventory Combined with Slowing Sales
Comments Off on CREA Report Shows Selling Prices Remaining Stagnant, Along with Fewer Sales & New Listings