Vancouver’s luxury housing market seeing explosive rebound so far in 2021

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 […]

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Steady sales, reduced listings and virtually unchanged home prices in July

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. […]

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Vancouver housing market less intense in May but sales, listings still strong: GVREB

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 […]

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Canadian Real Estate Markets Crammed Up To 15 Years Of Price Gains Into One Year

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 […]

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Ignore the gloomy forecast — property prices are not poised to decline 18%

CREA economist Shaun Cathcart on how the overheated markets before the crisis could become a source of strength after   Shaun Cathcart, senior economist at The Canadian Real Estate Association, talks to Financial Post’s Larysa Harapyn about the state of Canada’s real estate in the wake of the pandemic and how the overheated market could […]

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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 Mission Nanaimo New […]

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