June 2023 stats

Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer. VANCOUVER, BC – July 5, 2023 – Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up against a…

Pam Allen Real Estate

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…

pam allen real estate

LUMBER PRICES ARE FALLING, BUT HOUSING AFFORDABILITY REMAINS AN ISSUE.

With interest rates reaching historic lows in a persistent seller’s market, the new-home construction industry is facing a test of successfully balancing supply and demand.   In the premiere episode of the interactive series “Keepin’ It Real with Nick Bailey,” RE/MAX President Nick Bailey and two guests explore all sides of the new-home construction market.…