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…
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…
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,…
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 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…
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…
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?
Metro Vancouver Stats Centre Report Vancouver West Stats Centre Report Vancouver East Stats Centre Report
Metro Vancouver Stats Centre Report Vancouver West Stats Centre Report Vancouver East Stats Centre Report
https://youtu.be/6frw1TEsnQQ Home Sales Decline in 2022 After a Record 2021 Vancouver, BC – January 12, 2023. The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021. The…
Metro Vancouver Stats Centre Report Vancouver West Stats Centre Report Vancouver East Stats Centre Report
Housing Market Activity Remains Slow in November Vancouver, BC – December 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 4,512 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2022, a decrease of 50.8 per cent from November 2021 and about 30 per cent below…
End of content
End of content