October 24th, 2022
The housing downturn throughout Canada persisted through September and, according to the Royal Bank of Canada (RBC), has a longer run ahead. This was echoed by the British Columbia Real … [read more]
October 21st, 2022
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October 21st, 2022
Comments Off on Coquitlam New Horizons Area Condo/Apartment Resale Average Price/Per Sqft September 2022
October 21st, 2022
Comments Off on Coquitlam New Horizons & Hockaday Area Detached-Home Resale Average Price/Per Sqft September 2022
October 21st, 2022
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October 20th, 2022
Comments Off on Burnaby Brentwood Area Condo/Apartment Resale Average Price/Per Sqft September 2022
October 20th, 2022
Comments Off on REBGV Condo/Apartment Resale Average Price/Per Sqft September 2022
October 20th, 2022
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October 20th, 2022
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October 19th, 2022
Vancouver, BC – October 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 4,977 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Mortgage Qualifying Continues to Be A Significant Hurdle for Potential Buyers
October 18th, 2022
The Real Estate Board of Greater Vancouver released their recent report on the September market that shows a drop in prices, but not the extent that many Vancouverites were hoping … [read more]
Comments Off on The Drop in Housing Price was Less Than Expected, Despite A Growing Number of New Builds
October 18th, 2022
SURREY, BC – Continued slowing sales and a slight rise in inventory in September combined to bring greater stability to the Fraser Valley housing market. In September, the Fraser Valley … [read more]
Comments Off on FVREB Housing Market Continues to Stabilize Heading into Fall Season
October 17th, 2022
Home sellers were more active in Metro Vancouver’s* housing market in September while home buyer demand remained below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) … [read more]
Comments Off on REBGV Metro Vancouver with More Supply & Less Demand Market Cycle
October 11th, 2022
The Canada Mortgage and Housing Corp. will soon release revised expectations for home price declines, which will be greater than the housing authority expected last summer, chief executive Romy Bowers … [read more]
Comments Off on CMHC Forecast Home Prices to Fall 15% (Had Predicted A Drop of 5% by Middle of 2023)
October 7th, 2022
The national average for home prices is expected to go down by 2.2% in the coming months, according to RE/MAX Canada’s 2022 Fall Housing Market Outlook Report, released Wednesday Sept. … [read more]
Comments Off on Fears Over an Uncertain Economy Have Discouraged Potential Sellers & Buyers to Get In Market
October 6th, 2022
Despite the recent decline in prices, housing is becoming less and less affordable for average-income households in Canada’s largest cities, according to the most recent report from the Parliamentary Budget … [read more]
Comments Off on The Average National Home Prices Reached a Peak in Feb. 2022, but Down by 7% in August with Mortgage Rates Increasing Sharply
October 5th, 2022
A report by Re/Max Canada forecasts the national average home sale price in Canada will fall 2.2% in the final months of the year. The network of real estate brokers … [read more]
Comments Off on Housing Market Moderation Period Comes Amid Rising Interest Rates, Record Inflation, Broader Global & Economic Uncertainties
October 4th, 2022
Metro Vancouver commercial real estate sales were down just 2% in the second quarter versus a year ago, Altus Group data reveals, but recent interest rate hikes by the Bank … [read more]
Comments Off on Commercial Cap Rates Set to Rise as Values Reset Following Interest Rate Hikes
October 3rd, 2022
The BCREA Commercial Leading Indicator (CLI) fell to 153 from 155 in the second quarter of 2022, but the six-month moving average hit a record high. Compared to the same … [read more]
Comments Off on Industrial Leads Downturn in Metro Commercial Sales in Q2
September 30th, 2022
There are a total of 3 condos for sale as of September 30th, 2022 in The MET & MET2 by Concord Pacific, 6538 & 6588 Nelson Ave in Burnaby Metrotown … [read more]
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September 30th, 2022
There are a total of 13 condos & 2 townhouses for sale as of September 30th, 2022, in The Windsor Gate by Polygon Home in New Horizons Coquitlam area. The … [read more]
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September 30th, 2022
There are a total of 15 houses for sale as of September 30, 2022 in New Horizons & Hockaday Coquitlam. There are 5 new listings for houses for sale in … [read more]
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Comments Off on Housing Remains Low & Slow, Running at 25% to 30% Below Normal Market Activity