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Strong First Quarter for BC Housing Markets, But Rising Rates Loom Large Vancouver, BC – April 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 11,463 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2022, a decrease of 24.1 per cent from a record March…
Canadian Inflation (April 2023) – May 16, 2023 Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.4 per cent on a year-over-year basis in April, a slight increase from the 4.3 per cent rate in March. Month over month, CPI rose 0.7 per cent, in large part due to higher gasoline prices,…
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…
Highlights: Economic uncertainty driving substantial volatility in Canadian bond markets. Is the Canadian economy just slowing or something worse? Inflation trending the right direction, will that be enough to keep the Bank of Canada on hold?
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…