January 23rd, 2023
TORONTO — A report by Royal LePage says the median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end … [read more]
January 20th, 2023
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January 20th, 2023
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January 20th, 2023
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January 20th, 2023
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January 19th, 2023
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January 19th, 2023
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January 19th, 2023
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January 19th, 2023
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January 18th, 2023
British Columbia’s real estate market couldn’t keep up its record-breaking sales activity in 2022. According to The British Columbia Real Estate Association (BCREA) 80,874 residential unit sales were recorded by … [read more]
Comments Off on BC Home Sales Activity Down 35.2%, Average Residential Price Up by 7.5% Y/Y
January 17th, 2023
Greater Vancouver ended 2022 with another month of prospective homebuyers taking a “wait and see” approach, which the region’s real estate board said pushed down sales by 52% and prices … [read more]
Comments Off on “A Year of Caution” Caused by Rising Borrowing Costs & Inflation, Put Housing Market Takes “Wait & See” Approach
January 16th, 2023
TORONTO — A new report from TD Economics predicts Canada will see the weakest level of home sales since 2001 this year. The housing market outlook from economist Rishi Sondhi … [read more]
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January 16th, 2023
Vancouver, BC – January 12, 2023. The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a … [read more]
Comments Off on BCREA Interest Rate Tightening Ultimately Precipitated A Dramatic Shift in Housing Market
January 10th, 2023
Following October’s uptick, BC home sales cratered in November by 9.5% to reach a seasonally-adjusted 4,849 units. Actual sales fell 50% from a year ago. While this outsized decline partly … [read more]
Comments Off on Challenging Housing Market Conditions to Continue Through 2023’s First Half, as BC Home Sales Suffer Steep Slide
January 9th, 2023
The Canadian real estate market saw its fair share of highs and lows in 2022. With the new year right around the corner, what can we anticipate in 2023? Lauren … [read more]
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January 6th, 2023
TORONTO — A new report says high interest rates will continue to hold back homebuyers into the new year except in Ontario and British Columbia. The report by RBC says … [read more]
Comments Off on BC Housing Headed for A Buyer’s Market
January 6th, 2023
SURREY, BC – In a year that saw prices peak early on, feeding off the momentum of record-breaking sales in 2021, the Fraser Valley real estate market came back down … [read more]
Comments Off on FVREB Housing Market Closed Out The Year in Balance
January 5th, 2023
After a positive increase in sales in October, Canadian home sales fell by 3.3% in November, according to the Canadian Real Estate Association (CREA). New listings are following suit, hitting … [read more]
Comments Off on Declining Home Sales, Listings Inventory Reach Record Low
January 5th, 2023
Commercial real estate in Metro Vancouver experienced a period of adjustment similar to that seen in the residential market this past year, according to a CBRE Vancouver Market Outlook, and … [read more]
Comments Off on Commercial Real Estate Has A Mixed Outlook Going Into 2023
January 4th, 2023
After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of … [read more]
Comments Off on REBGV Rising Inflation & Interest Rates Remain Pressures to Metro Vancouver’s Housing Market
December 30th, 2022
Month-Over-Month Before seasonal adjustment, the Teranet–National Bank National Composite House Price Index™ declined 1.3% from October to November, a larger decrease than the 0.8% decline observed last month. After seasonal … [read more]
Comments Off on Home Prices Down From Their Peak Across The Country
December 29th, 2022
British Columbia home sales activity was cut in half year-over-year, reports the British Column Real Estate Association. A total of 4,512 residential unit sales were recorded in November 2022 – … [read more]
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Comments Off on The Aggregate Home Prices Down 2.3% on Q/Q Basis, The 3rd Consecutive Quarterly Decline