Politicians talk about the problem, but real estate has only become more expensive, says CBC News columnist Mark Ting. This column is an opinion by Mark Ting, a partner with Foundation Wealth who helps clients reach their financial goals. He can be heard every Thursday at 4:50 p.m. on CBC radio as On the Coast’s guide to personal finance. […]
Read more "Will the upcoming federal election improve housing affordability?"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 […]
Read more "Vancouver’s luxury housing market seeing explosive rebound so far in 2021"The total number of home listings in the MLS system within the Fraser Valley Real Estate Board (FVREB) reached its lowest level since 1981 in July 2021. Market activity in FVREB softened in home sales and new listings, but the number of buyers significantly outnumbered sellers. Over the course of July 2021, there were a […]
Read more "Surrey and Fraser Valley record lowest number of home listings since 1981"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. […]
Read more "Steady sales, reduced listings and virtually unchanged home prices in July"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 […]
Read more "Vancouver housing market less intense in May but sales, listings still strong: GVREB"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 […]
Read more "Demand for Metro Vancouver real estate remains high as prices grow, board says"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 […]
Read more "Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices"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 […]
Read more "First-Time Home Buyer Incentive 2.0 Now Available"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 […]
Read more "Canadian Real Estate Markets Crammed Up To 15 Years Of Price Gains Into One Year"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, […]
Read more "Will the new First-Time Home Buyer Incentive drive up home prices?"