Click the links below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single family homes for cities across B.C. Abbotsford Bowen Island Burnaby East Burnaby North Burnaby South Cloverdale Coquitlam Kelowna Ladner Langley Maple Ridge Mission Nanaimo […]
Read more "JANUARY MARKET UPDATE"Mortgage brokers and homebuyers across Canada got the relief that many of them have been clamouring for: a change in the qualifying interest rate for insured mortgages. Last week, Minister of Finance Bill Morneau announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages. As of April 6th, that rate […]
Read more "Who are the winners with the new qualifying interest rate?"There are dire warnings that the condo real estate market in B.C. could collapse unless the province steps in to stop it. A representative of a condo owners’ association says recent changes to insurance rates mean that not only are buildings having to pay more for coverage – some are being denied altogether. “This is […]
Read more "Insurance issues could cause B.C. condo market collapse, homeowners association warns"Surprisingly, the highest-priced property to sell last week wasn’t a single-family detached home. Although houses are still in demand across B.C., the most expensive was a three-bedroom, three-bathroom condo in the popular Yaletown neighbourhood in downtown Vancouver. The condo, which was built in 1995, stayed on the market for just over a week before selling for […]
Read more "The highest- and lowest-priced homes sold in B.C.: January 12 to 18"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"Monthly Market Update Click the links below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single family homes for cities across B.C. Abbotsford Bowen Island Burnaby East Burnaby North Burnaby South Cloverdale Coquitlam Kelowna Ladner Langley Maple Ridge […]
Read more "Monthly Market Update"