May 17th, 2023
Housing starts and investment in residential construction are expected to weaken throughout 2023 and into 2024 as the impact of elevated interest rates cools BC ‘s construction industry, according to … [read more]
May 16th, 2023
The Real Estate Board of Greater Vancouver says April home sales slid 16.5% from a year ago as new listings remained below historical norms. The BC board says sales for … [read more]
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May 15th, 2023
Vancouver, BC – May 11, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 7,427 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems … [read more]
Comments Off on BCREA Tighter Housing Market Conditions Caused by Low Inventory
May 10th, 2023
Generation X is driving activity in BC’s recreational property market in areas like Vancouver Island and Whistler, according to Re/Max Canada’s 2023 Cottage Trends report. This generation – made up … [read more]
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May 10th, 2023
The Canada Mortgage and Housing Corp. says the average home price will not revert to pre-pandemic levels in 2023 because the recent declines in prices are tapering off in many … [read more]
Comments Off on CMHC Outlook : Home Prices, Sale & Rental Affordability Y/Y Declines as Demand Outpaces Supply
May 9th, 2023
The number of available homes in Canada is still close to the lowest it’s ever been, with just 1.8 months of available inventory compared to the long-term national average of … [read more]
Comments Off on Many Spring 2023 Housing Markets are Favouring Sellers
May 8th, 2023
SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes. In … [read more]
Comments Off on Homebuyers are Continuing to Find Opportunities in Fraser Valley, Spring Home Sales Hold Steady
May 5th, 2023
After a calm first quarter for luxury real estate in Vancouver, demand is strengthening as buyers who have been waiting on the sidelines start to move into the market, according … [read more]
Comments Off on Activity will Hinge on The Introduction of New Housing Inventory into The Luxury Market
May 5th, 2023
Vancouver, BC – May 2, 2023. The British Columbia Real Estate Association (BCREA) released its 2023 Second Quarter Housing Forecast today. Multiple Listing Service®(MLS®) residential sales in BC are forecast … [read more]
Comments Off on BCREA Q2 Housing Forecast : An Uptick in Home Sales to Start The Spring, Housing Market Expected to Strengthen Later This Year
May 4th, 2023
Vancouver residents now need an additional $21,360 in annual income to afford an average home, an increase of almost 10%, according to Ratehub.ca. The City of Vancouver saw the biggest … [read more]
Comments Off on Decreasing Average Home Prices, Increasing in Income Needed to Buy A Home in Canada
May 4th, 2023
Vancouver is currently in the midst of a massive supply shortage, with inventory 22.3% below the ten-year seasonal average. Regional home sales are also down by 28.4% over similar long-term … [read more]
Comments Off on Vancouver Housing Market Still Softened from Last Year, but No Luck for Buyers
May 3rd, 2023
According to the latest data from CMHC, the annual rate of housing starts dropped by 11% nationally in March, as higher interest rates hamper affordability and slow the pace of … [read more]
Comments Off on National Housing Starts Drop 11%, Vancouver SAAR Jump 98%
May 2nd, 2023
With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded … [read more]
Comments Off on Metro Vancouver Buyer Confidence Returns, Prices Rising & Sales Rebounding This Spring
May 1st, 2023
Average asking rent in Canada across all property types rose to $2,004 in March, marking an annual increase of 10.8 percent as demand continues to outpace supply. According to the … [read more]
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April 28th, 2023
There are a total of 3 condos for sale as of April 28th, 2023 in The MET & MET2 by Concord Pacific, 6538 & 6588 Nelson Ave in Burnaby Metrotown … [read more]
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April 28th, 2023
There are a total of 6 condos & 0 townhouse for sale as of April 28th, 2023 in The Windsor Gate by Polygon Home in New Horizons Coquitlam area. The … [read more]
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April 28th, 2023
There are a total of 14 houses for sale as of April 28, 2023 in New Horizons & Hockaday Coquitlam. There are 8 new listings for houses for sale in … [read more]
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April 28th, 2023
There are a total of 21 houses for sale as of April 28, 2023 in Westwood Plateau Coquitlam. There are 9 new listings for houses for sale in Westwood Plateau … [read more]
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April 27th, 2023
There are a total of 162 condos for sale as of April 27, 2023 in Burnaby Metrotown area. There are 72 new listings for condos for sale in Burnaby Metrotown … [read more]
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April 27th, 2023
There are a total of 189 houses for sale as of April 27, 2023 in Coquitlam. There are 85 new listings for houses for sale in Coquitlam for the period … [read more]
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April 27th, 2023
There are a total of 89 houses for sale as of April 27, 2023 in North Burnaby. There are 39 new listings for houses for sale in North Burnaby for … [read more]
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April 26th, 2023
Even though the resale housing market is showing its first signs of stabilization and the non-seasonally adjusted Teranet-National Bank Index has seen its first monthly increase in ten months, it … [read more]
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Comments Off on Construction Industry, Housing Starts & Residential Investing will Recover by 2026