https://youtu.be/59bodMw32SE November Home Sales Lead to New Annual Record in BC Vancouver, BC – December 15, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021, a decrease of 3.4 per cent from November 2020. The…
Bank of Canada Upends Summer Sales Recovery (September 2023 BCREA) – August 10, 2023 The British Columbia Real Estate Association (BCREA) reports that a total of 7,103 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in July 2023, an increase of 25.9 per cent from July 2022. The average MLS® residential price in…
In part one of this two-part post, we took a look at the likelihood that the Bank of Canada would continue tightening monetary policy going forward. In this post, we’ll take a retrospective look and examine the impacts previous tightening cycles have had on the Greater Vancouver market. Buckle up, it’s a longer post, but worth…
BC Market Activity Remains Subdued in September Vancouver, BC – October 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 4,977 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2022, a decrease of 45.8 per cent from September 2021. The average MLS® residential price in BC was…
A new federal policy promises tax relief for first-time homebuyers purchasing new homes, with Vancouver’s presale condo market among the prime beneficiaries. Effective May 27, 2025, the Government of Canada will eliminate the Goods and Services Tax (GST) on newly constructed homes priced up to $1 million for eligible first-time buyers. Homes priced between $1…
Sales Activity Remains Strong Heading Into Spring Vancouver, BC – March 14, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,902 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2022, a decrease of 18.8 per cent from February 2021. The average MLS® residential price in BC…