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"
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"
London saw its high-end prices fall most significantly in the second quarter; Cape Town saw the most growth in the sector High-end housing markets across the globe, beleaguered by the coronavirus pandemic and the accompanying damage to the economy, have reached their lowest rate of annual growth in almost a decade, according to the […]Read more "Luxury Real Estate Across the Globe Sees Lowest Rate of Growth in a Decade"
MORE than 70 farmers from throughout British Columbia have found new opportunities in farming communities through the B.C. Land Matching Program (BCLMP). Delivered by Young Agrarians, the BCLMP connects new, young and established farmers with landholders seeking to lease their properties to ensure their land stays in production or starts producing food. Since the pilot launch, […]Read more "More farmers get access to affordable, available farmland in B.C."