Home sales and listings surged in September, according to the latest numbers from the Real Estate Board of Greater Vancouver. Sales were up 19.6 per cent from August, and more than 56 per cent from September last year, the board said. Listings were up 10 per cent from August. Real Estate Board Chair Colette Gerber […]Read more "Metro Vancouver home sales and listings surge in September: real estate board"
4. 303 – 458 E 43rd Avenue – $419,900 Listing details: Zero bedroom One bathroom 457 sq ft Parking Located on West Broadway, this studio features a courtyard entrance, a gas fireplace, and a Juliet balcony. It’s also a short walk from local shops, restaurants, and public transit. 2. 206 – 760 Kingsway Avenue – $408,000 Listing details: Zero […]Read more "These Vancouver homes are currently listed for under $450,000"
B.C.’s Land Owner Transparency Act (LOTA) is coming into force on November 30, 2020. Effective November 30, 2020, all acquisitions of land will be subject to the new disclosure rules under LOTA, while existing owners of land will have until November 30, 2021 to become compliant. INTRODUCTION LOTA requires the disclosure of individuals who hold, directly or […]Read more "Canada: B.C. Real Estate Beneficial Ownership Disclosure Law Takes Effect November 30, 2020"
Canadian mortgages rates are at a record low, but should potential home buyers lock in rates right now or will rates go any lower? Not by much, but yes, rates will go lower is the answer from several analysts citing the Bank of Canada’s policy, competition among lenders, seasonal factors and the pandemic’s impact on […]Read more "Canadian mortgage rates are the lowest in history. Can they go any lower?"
One of Canada’s most resilient and prolific sectors has been its real estate market. The residential market has mainly been on a consistent rise for the last several years. Canadians already know this. It is the reason for the buzzing activity in the housing market since the 2008 financial crisis. As immigration increased, so did […]Read more "Waiting for Cheaper Real Estate? Canada Housing Is Due for a Crash"
A cross-country comparison of housing markets reveals housing markets are showing remarkable resilience except in Alberta and Saskatchewan. Recently released data by the Canadian Real Estate Association (CREA) shows that national residential real estate sales are accelerating faster than new listings, and prices are up in most places except the Prairies. Housing prices are also […]Read more "Canadian housing showing strength, but not all markets are firing equally"
The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) saw the second-highest number of both property sales and new listings ever recorded in July. The FVREB processed a total of 2,100 sales in July, an increase of 22.2 per cent compared to sales in June and an increase of 44 per cent compared […]Read more "Sales and new listings reach near record-setting numbers in the Fraser Valley"
London saw its high-end prices fall most significantly in the second quarter; Cape Town saw the most growth in the sector High-end housing markets across the globe, beleaguered by the coronavirus pandemic and the accompanying damage to the economy, have reached their lowest rate of annual growth in almost a decade, according to the […]Read more "Luxury Real Estate Across the Globe Sees Lowest Rate of Growth in a Decade"
MORE than 70 farmers from throughout British Columbia have found new opportunities in farming communities through the B.C. Land Matching Program (BCLMP). Delivered by Young Agrarians, the BCLMP connects new, young and established farmers with landholders seeking to lease their properties to ensure their land stays in production or starts producing food. Since the pilot launch, […]Read more "More farmers get access to affordable, available farmland in B.C."
A new report from the British Columbia Real Estate Association shows June home sales rose 17% year-over-year Why it matters: The BCREA’s chief economist says sales surged back to pre-COVID-19 levels last month. While sales have normalized, active listings are down and certain markets are reporting upward pressure on prices. New B.C. real estate […]Read more "B.C. home sales ‘surge back’ to pre-COVID levels"