Metro Vancouver is the eviction capital of Canada, first-of-its-kind study suggests

British Columbia’s most populated region holds a new undesirable title as the eviction capital of Canada. That’s according to a new study out of the University of British Columbia, which attempts to highlight the extent of the housing and affordability crisis in Metro Vancouver. The research, published this month by Silas Xuereb with the title […]

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Vancouver’s luxury housing market seeing explosive rebound so far in 2021

The strong rebound in the city of Vancouver’s residential real estate market this year to date was also very apparent in the luxury submarket, according to Sotheby’s International Realty Canada’s newly released report. During the first half of 2021, residential sales over $4 million and $10 million surged 152% and 300% year-over-year, respectively. Property sales […]

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Steady sales, reduced listings and virtually unchanged home prices in July

NEWS PROVIDED BYReal Estate Board of Greater Vancouver Metro Vancouver’s housing market saw more moderate sales, listings and pricing trends in July compared to the heightened activity seen throughout the pandemic.  Metro Vancouver’s housing market saw more moderate sales, listings and pricing trends in July compared to the heightened activity experienced throughout much of the pandemic. […]

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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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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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