Canadian Housing Markets See Home Sales Declines Soften

While it may have been the sixth consecutive month-over-month decline for Canadian housing activity, August’s home sales only dipped 1% from July—the smallest decrease seen during this slowdown period. “Along with a stabilization of demand/supply conditions in many markets, [it] could be an early sign that this year’s sharp adjustment in housing markets across Canada […]

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BC Home Sales Continue to Slow

Vancouver, BC – August 11, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,572 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2022, a decrease of 42.4 per cent from July 2021. The average MLS® residential price in BC was $923,449, a 3.6 per cent increase from […]

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Vancouver’s Housing Market Embraces Change, Prepares for Fall Rebound

Over the last three to four months, Vancouver’s real estate market has experienced a dramatic cooldown.  Of course, this market correction comes after a well-documented and record-breaking two-and-a-half-year run that saw home sales and price growth across the Lower Mainland reach unprecedented heights between March 2020 and the first quarter of 2022. According to Kevin […]

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Housing market slowdown: How have things changed for buyers?

Possibilities and challenges have emerged from the cooldown, says mortgage executive. The housing and mortgage markets may have cooled off substantially in recent weeks – but that’s bringing opportunity for buyers including greater choice and less competition from rival bidders, according to a prominent industry figure. Shubha Dasgupta (pictured), president and CEO of the Pineapple […]

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