July 26th, 2022
The Royal Bank of Canada (TSX:RY) today downgraded its forecast for Canada’s housing market, which is being battered by rising interest rates. Vancouver, Toronto and Victoria are the cities likely … [read more]
July 25th, 2022
The number of new homes being built in Canada dropped slightly between May and June, but housing start levels remain at a high. New data released by the Canada Mortgage … [read more]
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July 22nd, 2022
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July 22nd, 2022
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July 22nd, 2022
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July 22nd, 2022
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July 21st, 2022
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July 21st, 2022
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July 21st, 2022
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July 21st, 2022
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July 20th, 2022
This year, Canadian house prices are going down, and it looks like housing is becoming more affordable. Prices have fallen every month since February, and bargain hunters are getting excited. … [read more]
Comments Off on House Prices are Coming Down • Interest Rates are Going Up
July 19th, 2022
June saw just over 40,000 houses sold, dipping below the 10-year monthly average, with the number of transactions coming in -23.9% below last year’s record setting figures, according to the … [read more]
Comments Off on CREA Home Sales Coming in 23.9% Below Y/Y Average
July 18th, 2022
Home sales and prices continue to slide across the country as rising rates put more homebuyers on the sidelines. The nationwide actual, non-seasonally adjusted average price stood at $665,850 in … [read more]
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July 13th, 2022
A forecast from TD Bank that BC average home prices will fall by 8.1% by next year appears too optimistic in Metro Vancouver as June sale prices dropped for the … [read more]
Comments Off on Detached Houses Drop in Prices, Increase in Supply as Balanced Market Shifts to Buyers’ Advantage
July 12th, 2022
The province may have nixed its ambitions to give the Royal British Columbia Museum new digs at a cost of $800 million, but the digging continues at sites across BC … [read more]
Comments Off on Pressure Building Scramble for Labour, Supplies as Major Projects Reach New Heights
July 12th, 2022
Vancouver, BC – July 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 7,136 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA It’s Difficult to Satisfy The Economy & Population Growth Demand at Current Interest Rates
July 11th, 2022
With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) … [read more]
Comments Off on Listings Accumulated • Sales Down • Home Prices Starting to Decrease
July 8th, 2022
Home sales in British Columbia’s Fraser Valley continue to slide, falling for three straight months as prices dip on everything from detached homes to condos, said the Fraser Valley Real … [read more]
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July 7th, 2022
A forecast from TD Bank that BC average home prices will fall by 8.1% by next year appears too optimistic in Metro Vancouver as June sale prices dropped for the … [read more]
Comments Off on Detached House Prices in Greater Vancouver are Falling by $37,000 Per Month, Down $57,000 Per House in The Fraser Valley
July 6th, 2022
SURREY, BC –Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real … [read more]
Comments Off on FVREB Housing Market to Cool, Slower Sales & Softer Prices
July 5th, 2022
With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) … [read more]
Comments Off on Summer Housing Market : Listing Up (+4.1%) Sales Down (-16.2%) & Prices Decrease (-2%) M/M
July 4th, 2022
According to a new report, Vancouver is no longer Canada’s most expensive city to rent an apartment in. But the most expensive city an apartment in this July isn’t exactly … [read more]
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