Vancouver housing market less intense in May but sales, listings still strong: GVREB

The super-heated housing market in Metro Vancouver cooled slightly in May but the Greater Vancouver Real Estate Board says sales still remained active. A statement from the board says 4,268 homes changed hands across the region last month, a 13 per cent drop compared with April. While May didn’t match record-breaking activity seen earlier in […]

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Demand for Metro Vancouver real estate remains high as prices grow, board says

The Real Estate Board of Greater Vancouver says more than 4,900 homes were sold in the region last month, a 14-per-cent decrease from March. April sales were up 342 per cent from the same time period last year when the market slowed dramatically due to the COVID-19 pandemic. The composite benchmark price for all residential […]

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Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices

For the eighth consecutive month, Fraser Valley real estate saw record-breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record-breaking months, last set in 2015/2016. In April, the Fraser Valley Real Estate Board […]

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First-Time Home Buyer Incentive 2.0 Now Available

Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday. Nearly five months after the changes were first proposed, the Department of Finance and Canada Mortgage and Housing Corporation (CMHC) have enhanced the eligibility criteria for buyers in Toronto, Vancouver and Victoria. As a recap, the FTHBI is a shared-equity program whereby […]

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Canadian Real Estate Markets Crammed Up To 15 Years Of Price Gains Into One Year

Canadian real estate prices have been rising quickly, but it’s never been like this before. Canadian Real Estate Association (CREA) data shows home prices made a big jump in March. Over the past 12 months, home prices increased more than they did over the previous 4 years. That’s just at the national level. More than a half-dozen […]

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Realtors Care Blanket Drive raises 50k for housing related charities

For 26 years, the real estate boards of Greater Vancouver and the Fraser Valley have teamed up for the REALTORS Care Blanket Drive. Real estate agents across the Lower Mainland would join with their clients and a network of of charitable organizations to collect and distribute blankets and lightly-used clothing. This year they opted to throw […]

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Will the new First-Time Home Buyer Incentive drive up home prices?

The Liberal government wants to ramp up aid for first-time real estate buyers in some of the country’s priciest markets. Making good on a 2019 election promise, the latest federal fiscal update mentions revamping the First-Time Home Buyer Incentive (FTHBI) for those seeking to purchase a house in Vancouver, Victoria and Toronto. With the program, […]

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A mortgage rate of less than 1% now available in Canada

How would you like a mortgage with an interest rate of less than one per cent? That’s what HSBC, Canada’s seventh-largest bank by assets, is now advertising. The lender’s website now shows it is offering a new five-year variable mortgage rate of a mind-boggling low 0.99 per cent. It is a first in Canadian history in terms of bank-advertised rates, according […]

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