September 19th, 2022
A shortage of new condominiums and townhouses is looming in Metro Vancouver as soaring costs of new construction have chopped presales at new project launches and put several planned developments … [read more]
September 19th, 2022
BC home sales are forecast to continue to slump, as high mortgage rates put pressure on the housing market through to next year, according to the BC Real Estate Association. … [read more]
Comments Off on BCREA Predicts High Mortgage Rates will Slow The Housing Market Through 2023
September 14th, 2022
Vancouver, BC – September 8, 2022. The British Columbia Real Estate Association (BCREA) released its 2022 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC … [read more]
Comments Off on Higher Mortgage Rates will Slow Housing Activity in BC Through 2023
September 13th, 2022
The Bank of Canada (BoC) announced its fifth interest rate increase of the year, raising rates by another 75 basis points. This follows its July announcement where the Bank announced … [read more]
Comments Off on Bank of Canada 5th but Not Final Interest Rate Increase for 2022 & The Impact on Housing Market
September 13th, 2022
August was one of the warmest Metro Vancouver summers on record but one of the coolest for the housing market, as sales in the month fell 29.2% below the 10-year … [read more]
Comments Off on Metro Vancouver Home Sales Dropped 40.7% Y/Y, Home Price Fell 2.2% M/M as Listings Decline
September 12th, 2022
It may have been a hot summer but Metro Vancouver’s real estate market is showing signs of cooling down. The Real Estate Board of Greater Vancouver said last month’s home … [read more]
Comments Off on Metro Vancouver Sellers & Buyers were Exercising Caution
September 12th, 2022
A year-over-year increase in active listings and relatively steady sales activity brought a degree of balance to the Fraser Valley housing market in August, with benchmark home prices up from … [read more]
Comments Off on FVREB Home Sales were Up M/M & Benchmark Prices Increased 15% Y/Y
September 9th, 2022
Project marketers say rate hikes are prompting a growing number of developers to halt or postpone the launch of residential projects until the rate environment stabilizes. “Many of the developers … [read more]
Comments Off on New-Construction Projects Launches Continue, Sharp Rise in Rates May Have Spooked Some Buyers
September 9th, 2022
Housing markets are unique for their location, type, quality and size, so a decline in the average housing price is not the same as a decline in the price of … [read more]
Comments Off on More Nuanced Statistics Show The Magnitude of Sale & Price Movements is In The Expected Range
September 8th, 2022
After fuelling Canada’s economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It’s welcome news for prospective … [read more]
Comments Off on What to Expect Canada’s Real Estate Market This Fall?
September 7th, 2022
SURREY, BC – Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising … [read more]
Comments Off on FVREB Housing Market Settling Further in Response to Interest Rate Rises
September 6th, 2022
Many people remember the financial and housing crises of 2007 and 2008. That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions … [read more]
Comments Off on There’s No Room for A Bubble : Both Interest Rates & Home Prices to Continue Increasing but at A Slower Rate
September 6th, 2022
BENGALURU, Sept 2 (Reuters) – Canada’s soaring house prices will decline sharply next year, but still not enough to make them affordable as the Bank of Canada is set to … [read more]
Comments Off on Canada House Prices Set for Sharp Fall in 2023
September 2nd, 2022
Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales … [read more]
Comments Off on REBGV Housing Market Activity Shifted Below The Long-Term Seasonal Averages This Summer
September 1st, 2022
While three-quarters of Metro Vancouver markets saw home price declines, detached house prices on the Sunshine Coast and Squamish held steady from the first quarter to the second quarter (Q2), … [read more]
Comments Off on High-Priced Vancouver’s West Side & West Vancouver Out-Perform 3-Quarters of Metro Markets
August 31st, 2022
Month-Over-Month Before seasonal adjustment, the Teranet–National Bank National Composite House Price Index decreased 0.3% from June to July, the first monthly decline since September 2019. After seasonal adjustment, the Teranet–National … [read more]
Comments Off on Home Prices Have Come Down from The Peak, HPI Falling 0.2% M/M After Seasonal Adjustments
August 30th, 2022
The latest Canadian housing report by the Canadian Real Estate Association (CREA) found that sales were down in three-quarters of all local markets led by the Greater Toronto Area (GTA), … [read more]
Comments Off on CREA : Housing Adjustment Continue as Home Sales Drop
August 29th, 2022
Detached house market values in West Vancouver and Vancouver’s west side are bucking downward price trends while Burnaby, Coquitlam and Port Coquitlam markets are proving durable, a new RE/MAX Canada … [read more]
Comments Off on Detached Housing Market Value Holding Steady in Burnaby, Coquitlam & Port Coquitlam Areas
August 26th, 2022
There are a total of 3 condos for sale as of August 26th, 2022 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 August 26, 2022
August 26th, 2022
There are a total of 14 condos & 3 townhouses for sale as of August 26th, 2022, in The Windsor Gate by Polygon Home in New Horizons Coquitlam area. The … [read more]
Comments Off on Coquitlam New Horizons The Windsor Gate Condos & Townhouses for Sale Updates as of August 26, 2022
August 26th, 2022
There are a total of 16 houses for sale as of August 26, 2022 in New Horizons & Hockaday Coquitlam. There are 3 new listings for houses for sale in … [read more]
Comments Off on Coquitlam New Horizons & Hockaday Houses for Sale Updates as of August 26, 2022
August 26th, 2022
There are a total of 20 houses for sale as of August 26, 2022 in Westwood Plateau Coquitlam. There are 6 new listings for houses for sale in Westwood Plateau … [read more]
Comments Off on Coquitlam Westwood Plateau Houses for Sale Updates as of August 26, 2022
Comments Off on New Home Starts Fall 41% as Land Prices & Input Costs Threaten to Push Prices Out of Reach