February 22nd, 2024
The Canadian real estate market finished 2023 with a more than 20% month-over-month drop in sales as buyers and sellers retreated to the sidelines, but with more optimism now in … [read more]
February 21st, 2024
A surge in home sales across Canada’s largest markets to kick off 2024 is unlikely to prompt the Bank of Canada to delay its probable interest rate cuts later this … [read more]
Comments Off on Vancouver Sales Jumped by 38.5% is Unlikely to Delay Interest Rate Cuts
February 20th, 2024
Canada’s luxury real estate markets experienced a relatively subdued 2023, as economic uncertainty, high interest rates, and geopolitical tensions weighed on sales. Despite a brief summertime surge, major markets reported … [read more]
Comments Off on Single-Family Homes were The Hot Topic of Luxury Real Estate as Buyers Shied Away from Rising Condo Fees & High Carrying Costs
February 20th, 2024
After several months of decline and a “seasonal lull,” the Fraser Valley real estate market saw new signs of life in January, according to the latest statistics published by the … [read more]
Comments Off on Fraser Valley Home Sales Increase After 6 Straight M/M Declines
February 19th, 2024
Temperatures in Metro Vancouver have been abnormally high in recent weeks, and so has real estate market activity, according to the latest statistics published by the Real Estate Board of … [read more]
Comments Off on Greater Vancouver Residential Sales Were Up 36.9% Y/Y
February 16th, 2024
Comments Off on Burnaby Metrotown Area Condo/Apartment Resale Average Price/Per Sqft January 2024
February 16th, 2024
Comments Off on Coquitlam New Horizons Area Condo/Apartment Resale Average Price/Per Sqft January 2024
February 16th, 2024
Comments Off on Coquitlam New Horizons & Hockaday Area Detached-Home Resale Average Price/Per Sqft January 2024
February 16th, 2024
Comments Off on Coquitlam Westwood Platuea Are Detached-Home Resale Average Price/Per Sqft January 2024
February 15th, 2024
Comments Off on Burnaby Brentwood Area Condo/Apartment Resale Average Price/Per Sqft January 2024
February 15th, 2024
Comments Off on REBGV Condo/Apartment Resale Average Price/Per Sqft January 2024
February 15th, 2024
Comments Off on REBGV Townhouse Resale Average Price/Per Sqft January 2024
February 15th, 2024
Comments Off on REBGV Detached-Home Resale Average Price/Per Sqft January 2024
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]
Comments Off on Presale Unit Absorption, Prices & Consumer Sentiment is Expected to Improve in 2024
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
Comments Off on National Housing Market Increased Activity, Boosting Sales Growth