Experts differ on year ahead for B.C. property market, as real estate analyst predicts “rough year” for Metro Vancouver’s single-family homes If real estate investors were to make some resolutions for the new year, analyst Dane Eitel might suggest exercising wariness amid forecasts painting an optimistic picture of the B.C. market. After all, some […]
Read more "Detached-home market recovery may be slower than predicted"Benchmark price ended last year at about $1 million The Vancouver area’s real estate board says the number of home sales last year was up from 2018, but remained below the region’s 10-year average, despite a moderation in prices. The Real Estate Board of Greater Vancouver says the number of sales in 2019 totalled 25,351 […]
Read more "Vancouver home sales up in December and 2019; prices down from year earlier"Last year, real estate pundits predicted that sales in 2019 would rebound after a soft 2018. And they were partially right, although it ended up happening too late in the year for the full-year total to be described as a recovery. So what are the various real estate industry organizations and brokerages predicting for B.C.’s […]
Read more "Real Estate B.C. real estate outlook 2020: a forecast summary"Victoria, Dec. 09, 2019 (GLOBE NEWSWIRE) — Many soon-to-be released property assessments will show a moderating market, with more modest changes in property values compared to previous years based on trends in the real estate market as of July 1, 2019. “We first saw signs of moderation during the 2019 property assessments,” says Assessor Tina […]
Read more "2020 Property Assessments Will Reflect BC’s Moderating Real Estate Markets"The Canada Mortgage and Housing Corporation report predicts Metro Vancouver will have a balanced housing market, with moderate increases to home prices. The Metro Vancouver housing market will see higher sales and modest price increases over the next two years, according to a Canada Mortgage and Housing Corporation forecast. The CMHC report, released Thursday, forecasts income […]
Read more "Metro Vancouver home prices will see modest increases over next 2 years: CMHC report"Canada’s housing market continues to rebound this fall from last winter’s chill. The Canadian Real Estate Association (CREA) reported that benchmark prices rose 0.5% in September from August, and 1.3% year-over-year. The aggregate benchmark price for the 19 cities CREA tracks is now $629,200. The benchmark is the best metric we have for measuring “typical” […]
Read more "Canadian Housing Market Rebounds in September"The government’s First-Time Home Buyer Incentive (FTHBI) comes into effect today. The program, aimed at making it easier for young people to buy their first home by lowering new buyers’ monthly mortgage payments. According to the program, which was introduced by the Liberals in their 2019 budget, the federal government will absorb five per cent […]
Read more "Here’s what you need to know about the First-time Home Buyer Incentive"