“Sales activity continues to slow in the face of rising interest rates and uncertainty,” said Jill Oudil, Chair of CREA. New Listings in British Columbia Increase by 5.5% Housing markets across British Columbia saw an additional 16,400 new listings added in June 2022, representing a 5.5% increase, compared to same time last year.
The idea of a customized, new residential construction house is enticing to some prospective homeowners, but the process to get there can be grueling. Working with a buyer’s agent along the way can help ensure you negotiate the best price possible and avoid setbacks. Traditional selling points like historic charm in existing homes may not…
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…
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…
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…
As the weather starts to cool down, you’ll need to start to think about your fall yard maintenance. We’ve created this important checklist to guide you through. Clean out the garden beds. It’s a good idea to clean out your garden beds in preparation for the winter. Rake out any debris, fallen plant matter, and…
Canadian Real Estate Market Sentiment 56 per cent of Canadians who are planning to engage in the real estate market say they expect to do so within less than a year Almost half (44 per cent) of Canadians believe that the real estate market will bounce back to the strength it was before COVID-19 by…
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…
Investing in a scalding condo market like Toronto’s, Montreal’s or Victoria’s seems like an easy play: the properties are affordable and the rental demand for them is unceasing. But with new condo projects popping up like mushrooms, owners of older properties may feel the need to update their units in order for them to remain…