Valley home sales are up 80 per cent and prices 25 per cent higher this year compared to 2020 – but active listings have plunged to 30-year lows. The Fraser Valley is posting the highest home sales and price increases in urban British Columbia this year, but Valley real estate agents warn that a shortage […]Read more "Fraser Valley posts highest home sale, price increases"
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 […]Read more "Metro Vancouver is the eviction capital of Canada, first-of-its-kind study suggests"
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"
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?"
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 […]Read more "A mortgage rate of less than 1% now available in Canada"