May 23rd, 2022
Home shoppers in Metro Vancouver likely saw a more normal pace to the market in April as trends “returned to more historically typical levels,” last month. According to the most … [read more]
May 20th, 2022
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May 20th, 2022
Comments Off on Coquitlam New Horizons Area Condo/Apartment Resale Average Price/Per Sqft April 2022
May 20th, 2022
Comments Off on Coquitlam New Horizons & Hockaday Area Detached-Home Resale Average Price/Per Sqft April 2022
May 20th, 2022
Comments Off on Coquitlam Westwood Plateau Detached-Home Resale Average Price/Per Sqft April 2022
May 19th, 2022
Comments Off on Burnaby Brentwood Area Condo/Apartment Resale Average Price/Per Sqft April 2022
May 19th, 2022
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May 19th, 2022
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May 19th, 2022
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May 18th, 2022
British Columbia’s housing market remained active through March but is expected to downshift as rising interest rates curb sales and prices. Multiple Listing Service (MLS) home sales fell 0.8% to … [read more]
Comments Off on BC Housing Market Remained Active But Rising Interest Rates Curb Sales & Prices
May 17th, 2022
For the first time in two years, home sales in the Fraser Valley dropped from March and fell below the region’s decade-long average, an indication that the market is rebalancing … [read more]
Comments Off on Townhomes in Fraser Valley Increased The Most in Price, Rising 1.8% M/M, 38.3% Y/Y
May 16th, 2022
Vancouver, BC – May 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,939 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA Housing Market Conditions Remain Tight Given Existing Levels of Supply
May 16th, 2022
The benchmark price of a home in Greater Vancouver in April inched up just 1% from March as sales dropped more than 25% and were down more than a third … [read more]
Comments Off on April Home Sales Plunge 34% Y/Y, Down 25.6% M/M as Prices Increases Stall at A Lofty High
May 11th, 2022
The Bank of Canada is expected to make its next interest rate announcement on June 1st. The fourth announcement of 2022, which could bring about another increase to the target … [read more]
Comments Off on Growing Interest Rates will Shake Up Canada’s Resale Market
May 10th, 2022
Homebuyers have been reaping the benefits of super-low interest rates since the onset of COVID-19. Now, with the Bank of Canada having made its second hike to the overnight rate … [read more]
Comments Off on RBC Economics Revises Housing Forecasts for Pricing & Sales
May 10th, 2022
Vancouver’s housing market could see home prices gradually fall this year while challenges related to housing starts, labour shortages and affordability continue to linger. The Canada Mortgage and Housing Corporation … [read more]
Comments Off on Rising Interest Rates Resulted in Fewer Sales & Slower Price Growth
May 9th, 2022
While the National Composite Home Price Index (HPI) increased by 1% over last month, a few cities, including parts of Southern Ontario and the Golden Horseshoe saw prices decline, according … [read more]
Comments Off on The Cooling Spring Market Presents Opportunity for Home Buyers, but Prices Remain High
May 9th, 2022
Canada’s housing market will “moderate from historic 2021 levels” in terms of price, sales, starts and rentals over the next year – but not to the point where owning or … [read more]
Comments Off on Moderating Growth in Prices, Sales, Housing Starts & Rentals Outmatched by Demand, Lack of Inventory & Construction Costs
May 6th, 2022
Canadians are flocking to the country’s more affordable housing markets in search of new homes, a trend that helped to push prices higher last month. In its New Housing Price … [read more]
Comments Off on Rising Construction Costs Contribute to Monthly Price Increases
May 6th, 2022
Metro Vancouver’s housing market may have met its match. The Bank of Canada has hiked its key rate twice in 2022, bringing the rate to 1% after sitting at historical … [read more]
Comments Off on Home Prices to Drop in BC More Than Any Other Province Amid Rate Hikes
May 6th, 2022
Since the COVID-19 pandemic began in March 2020, Canadian home prices have experienced significant upward momentum, a trend that is expected to continue into the spring market. According to new … [read more]
Comments Off on Home Prices Upward Trend is Expected to Continue Into The Spring Market
May 5th, 2022
Last month, the number of housing units kicking off construction trended lower across the country. According to the latest data from the Canada Mortgage and Housing Corporation (CMHC), the trend … [read more]
Comments Off on Vancouver Recorded A 17% Drop in Housing Starts, While Kelowna Recorded The Highest 342% Increased M/M
Comments Off on Home Sales Fall, Fewer New Listings & Average Home Price Up 18.9% Y/Y