RE/MAX IS A ‘FASTEST-GROWING FRANCHISE’ FOR EIGHTH STRAIGHT YEAR.

Entrepreneur magazine recognizes the global real estate franchisor for its continued growth. Already named a top franchisor in 2021, RE/MAX is now also recognized as a fastest-growing franchise – for the eighth straight year! The March issue of Entrepreneur magazine ranked RE/MAX on its widely respected 2021 Fastest-Growing Franchises list. This is the 20th time RE/MAX has made…

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Home buyer competition intensifies across Metro Vancouver’s housing market

Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from the 2,150 sales recorded in February 2020, and a 56 per cent…

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Home buyer demand remains elevated across Metro Vancouver

In the first month of 2021, Metro Vancouver’s housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1…

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Top Canadian Real Estate News Stories of 2020.

Canadian real estate surprised everyone in 2020. While the markets closed the year with red-hot, record-breaking activity, the year brought much uncertainty, financial upheaval, renewed forecasts of a bursting housing bubble, and other news that will likely continue to impact market activity in 2021. With the first week of the new year behind us, here’s…

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Bank of Canada Still Expects No Rate Increases Until 2023.

The Bank of Canada, this morning, released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its “effective lower bound” of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across the yield curve, the Bank will continue its Quantitative Easing (QE) program–buying…

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Metro Vancouver housing market shows resilience in 2020.

Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent…

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