Metro Vancouver home sales return to more traditional levels in April.

VANCOUVER, BC – May  2022 – Home buyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and…

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RE/MAX PRESIDENT AND CEO: ‘THE MARKET REMAINS VERY ACTIVE RIGHT NOW’.

In line with seasonal trends, home sales increased over 30% month-over-month. As anticipated from the housing data presented so far in 2022, the busy spring season got off to another strong start this year. According to the most recent RE/MAX National Housing Report, March 2022 set report records for highest Median Sales Price ($360,000) and lowest Months Supply…

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Canadian Real Estate Report: 2021 Housing Impacts to Condo Sector.

Canadian real estate market sees higher share of condos in 2021, in wake of rising detached housing values; affordability shifts demand for condominiums into high gear in 2021. Staggering gains in detached housing values have sent condominium sales soaring throughout the first eight months of 2021 in major Canadian real estate markets, according to a…

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EXHAUSTED BUYERS: HERE’S HOW TO REINVIGORATE YOUR HOME SEARCH.

RE/MAX agents share time-tested tips and tricks for buyers to stay motivated during their real estate journeys amid a fickle seller’s market. In many U.S. locales, the housing market is roaring. It’s great news for sellers, but perhaps less-welcomed news for buyers, who may be feeling the ups and downs of a competitive market. Angelica…

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If high prices held you back from building, you are in luck, as the tables have now turned.

Darcy Elliott, shipping supervisor at Spray Lake Sawmills, inspects lumber at the company’s facility in Cochrane, Alta. in May. (Jeff McIntosh/The Canadian Press) 821 comments Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the…

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Has the Canadian Real Estate Market Peaked?

In recent months, the consensus has been that the Canadian real estate market may have reached its peak. Some markets continue to enjoy record-breaking gains. Still, the broad-based trends spotlight a crucial development: the sector may be returning to some semblance of normalcy during these uncertain times. Will this finally give young Canadians hope that they can attain the…

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Canadian Housing Market Needs Supply, Not Taxes, Blanket Policies or Promises.

It should come as no surprise that affordability in the Canadian housing market has become a key issue in the upcoming federal election. According to a recent RE/MAX report, 42 per cent of Canadians said the high cost of housing was preventing them from entering the housing market, and 48 per cent shared concerns over their ability to…

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