vancouver real estate

Canadian Real Estate and the New Mortgage Rules.

Canadian real estate has been a tough nut to crack for some homebuyers, and those with less than 20 per cent as a down payment now face another challenge, with Canada Mortgage and Housing Corp.’s (CMHC) tighter qualification rules for borrowers of high-ratio mortgages. This move is in response to the global pandemic that has left many…

Home prices remain steady, buyers and sellers become more comfortable operating in today’s market

Metro Vancouver home prices have remained steady since provincial health officials implemented physical distancing requirements in March. The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index1 composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per…

Home sales and listings down amid COVID-19, new tools and practices emerge to help buyers and sellers adapt

While Metro Vancouver home sale and listing activity remains limited by the COVID-19 situation, REALTORS® across the region are fast adopting new tools and practices to help advise and serve their clients in a responsible way. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,109 in…