June 23rd, 2022
YEAR-OVER-YEAR The Teranet–National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, recorded an annual gain of 18.3% in May, less than the record 18.8% increase recorded … [read more]
June 22nd, 2022
A new report finds that rental prices across Canada have seen the biggest month-over-month increase in years — and Vancouver continues to see the highest rent in the country. Online … [read more]
Comments Off on Canadian Rental Prices Have Seen The Highest 3.7% M/M Increase in Years
June 21st, 2022
In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels. According to the latest data … [read more]
Comments Off on New Home Construction Starts Trended Lower, but Activity Remains High
June 20th, 2022
Rising mortgage rates are already having a cooling effect on the province’s real estate market, according to figures released Monday by the BC Real Estate Association. Total sales dropped by … [read more]
Comments Off on The Average 5-Year Fixed Mortgage Rate Reached 4.49% in June, The Highest Since 2009
June 17th, 2022
Comments Off on Burnaby Metrotown Area Condo/Apartment Resale Average Price/Per Sqft May 2022
June 17th, 2022
Comments Off on Coquitlam New Horizons & Hockaday Area Detached-Home Resale Average Price/Per Sqft May 2022
June 17th, 2022
Comments Off on Coquitlam Westwood Plateau Area Detached-Home Resale Average Price/Per Sqft May 2022
June 16th, 2022
Comments Off on Burnaby Brentwood Area Condo/Apartment Resale Average Price/Per Sqft May 2022
June 16th, 2022
Comments Off on REBGV Condo/Apartment Resale Average Price/Per Sqft May 2022
June 16th, 2022
Comments Off on REBGV Townhouse Resale Average Price/Per Sqft May 2022
June 16th, 2022
Comments Off on REBGV Detached-Home Resale Average Price/Per Sqft May 2022
June 15th, 2022
May housing sales across Greater Vancouver fell for the second straight month and asking prices are being cut as month-to-month benchmark prices have dipped for the first time in at … [read more]
Comments Off on Metro Vancouver Home Sales Slide, Price Reductions Surface
June 14th, 2022
Vancouver, BC – June 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,214 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on Mortgage Rates Continue to Climb, Housing Market Activity to Slow
June 14th, 2022
Amped up activity from new construction buyers in Metro Vancouver reduced slightly during the first quarter of 2022, a trend that stemmed from higher borrowing costs, war and rising inflation. … [read more]
Comments Off on New Multi-Family Sales Fell on Quarterly (-17%) & Yearly Basis (-5%)
June 14th, 2022
The BCREA Commercial Leading Indicator (CLI) rose to 154 from 150 in the first quarter of 2022, recovering most of the ground lost over the prior two quarters. Compared to … [read more]
Comments Off on BC Commercial on Recovering Ground, Index Up by 3.4% in Q1-2022
June 13th, 2022
May housing sales across Greater Vancouver fell for the second straight month and asking prices are being cut as month-to-month benchmark prices have dipped for the first time in at … [read more]
Comments Off on “Calming Market” Spooks Home Sellers as Sales Fall, Listings Rise & Asking Prices Start to Slide
June 8th, 2022
The price of a new home in Canada rose again in April, but to a lesser extent compared to previous months. Last month, new home prices “showed some signs of … [read more]
Comments Off on The Rise in Construction Activity Had Impacts on Costs, New Home Price Growth Showed Signs of Cooling
June 7th, 2022
SURREY, BC – As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since … [read more]
Comments Off on Fraser Valley Housing Market Cools, Lower Sales & Higher Inventory
June 6th, 2022
Housing sales in the Fraser Valley will fall more than 30% this year – most in the province – compared to 2021 and Valley price increases will flatline by 2023, … [read more]
Comments Off on BCREA Forecasts Housing Sales will Plunge by 30% in The Fraser Valley This Year & Prices will “Flatline” by 2023
June 3rd, 2022
After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver this spring due, in large part, to rising interest rates. The … [read more]
Comments Off on REBGV Calmer Spring Housing Market Trends in Metro Vancouver
June 2nd, 2022
Price growth for Canadian homes soared by a record amount last month. According to the most recent update to the Teranet–National Bank National Composite House Price Index (HPI) — which … [read more]
Comments Off on Strong Price Growth Coincides with A Slowdown in Resale Market to Fade Soon
June 1st, 2022
After two years of red-hot market activity, higher borrowing costs are causing a cool down in Canada’s feverish real estate markets during the traditionally busy spring months. In its latest … [read more]
Comments Off on National Housing Markets in Between Seller’s & Balanced Territory
Comments Off on Housing Affordability in Canada Worsened by 4.9 Points in Q1-2022