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,…
Housing demand impact of record-high immigration is five times as large as the Foreign Buyers Ban: report Vancouver, BC– March 28, 2023. To fully offset a deterioration in housing affordability, new home completions in BC need to increase 25 per cent above their historical average level for the next five years to a record level…
Glossary of Real Estate Terminology Canada for Presale Condos Updated by Mike Stewart Vancouver Realtor October 24, 2023 Below you will find a comprehensive list of real estate terms for presale condos in British Columbia, Canada. We specialise in helping buyers of presale condos in British Columbia and have gathered these real estate terms from…
BC Markets Showing Signs of Recovery As Supply Remains Scarce Vancouver, BC – April 13, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 7,118 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in March 2023, a decrease of 38.3 per cent from March 2022. The average MLS® residential…
BC Home Sales Remain Slow While Active Listings Plateau Vancouver, BC – November 14, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2022, a decrease of 45.5 per cent from October 2021. The average MLS® residential price in…
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…
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