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]
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
August 25th, 2022
There are a total of 165 condos for sale as of August 25, 2022 in Burnaby Metrotown area. There are 44 new listings for condos for sale in Burnaby Metrotown … [read more]
Comments Off on Burnaby Metrotown Condos for Sale Updates as of August 25, 2022
August 25th, 2022
There are a total of 227 houses for sale as of August 25, 2022 in Coquitlam. There are 57 new listings for houses for sale in Coquitlam for the period … [read more]
Comments Off on Coquitlam Houses for Sale Updates as of August 25, 2022
August 25th, 2022
There are a total of 112 houses for sale as of August 25, 2022 in North Burnaby. There are 27 new listings for houses for sale in North Burnaby for … [read more]
Comments Off on North Burnaby Houses for Sale Updates as of August 25, 2022
August 24th, 2022
The predictions portend gloom for many who bought homes in recent years, particularly over-leveraged investors. But drastically reduced prices also signal a possible opening for middle-income earners so far barricaded … [read more]
Comments Off on Buyers Don’t Know Whether to Purchase Yet & Sellers Don’t Know if They Should Sell for Less
August 23rd, 2022
Many neighbourhoods in the Greater Toronto and Vancouver areas saw a jump in detached home sales in the second quarter of 2022 as buyers locked in lower rates and took … [read more]
Comments Off on Homebuyers are Taking Advantage of Detached Home Discounts Through Mid-Way Rising The Cost of Borrowing
August 22nd, 2022
In July, the Federal government announced another 0.75% interest rate hike. So, if you’re considering applying for a new home loan in 2022, you can expect to pay a lot … [read more]
Comments Off on Will The Housing Market Continue to Grow in 2023?
August 22nd, 2022
Bucking a national trend, Metro Vancouver July housing starts fell 28% compared to a month earlier, according to the latest data from Canada Mortgage and Housing Corp. (CMHC). Meanwhile, Vancouver-area … [read more]
Comments Off on Housing Starts Sharp Drop in Step with A Downturn in Sales
Comments Off on New-Construction Projects Launches Continue, Sharp Rise in Rates May Have Spooked Some Buyers