Metro Vancouver New Homes Recovery is On The Horizon
May 23rd, 2023
Don’t call it a comeback just yet, but the reports for Q1 on Metro Vancouver have shown a slight improvement from the previous two quarters, giving rise to the hope … [read more]
May 23rd, 2023
Don’t call it a comeback just yet, but the reports for Q1 on Metro Vancouver have shown a slight improvement from the previous two quarters, giving rise to the hope … [read more]
May 22nd, 2023
Home prices are once again on the rise in Vancouver as interest rates have held steady since the last rate increase in January, according to the Real Estate Board of … [read more]
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May 19th, 2023
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May 19th, 2023
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May 19th, 2023
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May 19th, 2023
Comments Off on Coquitlam Westwood Plateau Detached-Home Resale Average Price/Per Sqft April 2023
May 18th, 2023
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May 18th, 2023
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May 18th, 2023
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May 18th, 2023
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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]
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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]
Comments Off on Metro Vancouver Home Sales 16% Below The 10-Year Seasonal Average
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]
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Comments Off on Metro Vancouver New Homes Recovery is On The Horizon