June 21st, 2023
In a move that could have significant implications for the Canadian real estate market, the Bank of Canada has increased its target for the overnight rate to 4¾%, with the … [read more]
June 20th, 2023
Sellers in various Canadian cities are back in action, with local real estate boards reporting a material rise in new listings in May, according to RBC Economics & Thought Leadership. … [read more]
Comments Off on New Listings Rising, Demands Surge, Competition Pushing Home Prices Upward
June 19th, 2023
Vancouver, BC – June 14, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 9,191 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems … [read more]
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June 13th, 2023
Market activity in the Fraser Valley is steadily picking up, both in terms of sales and new listings, according to May statistics published by the Fraser Valley Real Estate Board … [read more]
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June 12th, 2023
Metro Vancouver’s real estate market showcases its resilience as May records over 5,000 transactions, a milestone not seen since March 2022. Despite the unusual surge in activity during the late … [read more]
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June 9th, 2023
Canadian home prices continued to bounce back from bottom in April, new data shows, with monthly gains recorded nationally and in five major markets. This is according to the Teranet-National … [read more]
Comments Off on Canadian Home Prices Stabilize as Buyers Come Off The Sidelines
June 8th, 2023
May 2023 Fraser Valley Real Estate Market Insights Welcome to the May 2023 Fraser Valley Presale Pulse episode, a real estate show brought to you by hosts Ryan Lalonde and … [read more]
Comments Off on Fraser Valley Resale & Presale Markets from Low to Recovery
June 8th, 2023
The Real Estate Board of Greater Vancouver says May home sales rose 15.7% from a year earlier. The BC board says Vancouver’s housing market is showing signs of heating up … [read more]
Comments Off on REBGV Vancouver Housing Market is Showing Signs of Heating Up into The Summer
June 7th, 2023
SURREY, BC – The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40% over April. At 3,533, new listings … [read more]
Comments Off on FVREB Housing Market Seeing A Recovery & Adjustment to The New Financing Landscape
June 6th, 2023
Summary of Findings • New listings in BC have fallen to 25% below pre-pandemic norms. • Most of the explanation for low listings is due to overall slow market activity, … [read more]
Comments Off on Undersupplied Housing Markets – A Usual Outcome of Current Real Estate Dynamics & Underlying Economic Fundamentals
June 5th, 2023
May 2023 Greater Vancouver Real Estate Market Insights Welcome to the May 2023 episode of the Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and … [read more]
Comments Off on Sales Momentum Builds in Metro Vancouver Resale & Presale Markets
June 5th, 2023
The spring market was in full force last month as buyer activity intensified after the Easter weekend. National homes sales increased by an impressive 11.3% from March 2023, the largest … [read more]
Comments Off on Housing Demand is Far Outweighing Supply as Buyers Coming Out in Full Force
June 2nd, 2023
While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month. The Real … [read more]
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June 1st, 2023
The housing market in British Columbia has been a hot topic of discussion and concern for residents and people hoping to own a home. Depending on whether you already own … [read more]
Comments Off on BC Housing Markets Stay Calm & Confident, is Not Going to Crash
June 1st, 2023
As the Canadian spring market accelerates, we’re seeing some notable trends in the real estate industry that warrant a closer look. Home prices are on the rise, but the factors … [read more]
Comments Off on A Spring Market Update : Surge in Home Prices & Longer Mortgage Payments
May 31st, 2023
Canada Mortgage and Housing Corp. says the annual pace of housing starts in April rose 22% compared with March, powered by an increase in starts of multi-unit urban homes. The … [read more]
Comments Off on Annual Pace of Housing Starts Up 22% Across Canada, 36% in Metro Vancouver
May 31st, 2023
After seasonal adjustment, the Teranet-National Bank composite HPI remained essentially unchanged from March to April, recording a slight decline of 0.1% after a drop of 0.8% the previous month. This … [read more]
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May 30th, 2023
“Sales momentum carried into April and remained strong through the month. We have noted elevated foot traffic to our presentation centres and increasing inquiry into our upcoming programs as well. … [read more]
Comments Off on Strong New Home Sales Momentum Continues into Spring
May 29th, 2023
Buyer confidence and activity is increasing in BC despite continued short supply and price escalation, according to real estate professionals. Sales increased by eight per cent month over month in … [read more]
Comments Off on Pent-Up Buyer Demand Drives Multiple Offers, Bidding Wars & Increase in Activity
May 29th, 2023
Canada’s housing market is gaining momentum, with sales in April jumping 11.3 percent over March levels, according to the Canadian Real Estate Association (CREA). However, as sales activity surged month-to-month, … [read more]
Comments Off on National Home Sales Jump 11.3% as Demand Continues to Outpace Supply
May 26th, 2023
There are a total of 4 condos for sale as of May 26th, 2023 in The MET & MET2 by Concord Pacific, 6538 & 6588 Nelson Ave in Burnaby Metrotown … [read more]
Comments Off on Burnaby Metrotown The MET & MET2 Condos for Sale Updates as of May 26, 2023
May 26th, 2023
There are a total of 10 houses for sale as of May 26, 2023 in New Horizons & Hockaday Coquitlam. There are 5 new listings for houses for sale in … [read more]
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Comments Off on Rate Hike Implications for The Real Estate Market