Market Update

July Market Update & June Statistics

July 2022 Market Update Metro Vancouver home sales in June dropped 35% from 2021 amid higher interest rates The Real Estate Board of Greater Vancouver says last month’s home sales dropped by about 35 per cent since last June and 16 per cent from May 2022 as houses remained on the market longer […]

June Monthly Market Update & May Statistics

June 2022 Market Update 3-day ‘cooling off’ period, transparent bidding recommended to transform B.C. real estate sector (CBC News) The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. A […]

May Monthly Market Report & April Statistics

May 2022 Market Update B.C. homes prices forecast to dip 3.8% next year following interest rate hikes (CTV News) Rising interest rates will likely trigger a “modest price correction” in Canadian real estate next year, with B.C. and Ontario seeing the biggest drops, according to a new housing forecast. Royal Bank of Canada […]

Monthly Market Update

April 2022 Market Update Province introduces legislation intended to protect homebuyers in hot real estate market (CBC News) The British Columbia government says people buying homes in the province’s hot real estate market could soon be protected by a cooling-off period that gives them time to back out of an agreement. Finance Minister […]

MARCH MARKET UPDATE & FEBRUARY STATISTICS

March 2022 Market Update Cooling-off period not the solution to B.C. housing crisis, real estate association says (CBC News) Association counters government with ‘pre-offer period’ as way of giving buyers time to do their due diligence. B.C.’s housing market is so hot that buyers are being forced to make offers on homes so […]

January Monthly Market Update & December Statistics

January 2022 Market Update BC Assessment’s are live, check your property assessment now. READ MORE Click the link 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 in cities across BC. For more up-to-date […]

December Monthly Market Update & November Statistics

December 2021 Market Update BC’s home values are now worth 24% of Canada’s entire total British Columbia is, of course, the epicentre of Canada’s housing affordability crisis, and new data provides yet another indicator of how home prices are completely out of proportion with the living reality. Total assessed home values in BC […]

February Monthly Market Update & January Statistics

February 2021 Market Update BCREA: Housing market likely to enjoy an exceptional 2021 With Canada’s economic recovery and COVID-19 vaccinations each proceeding at a healthy pace, British Columbia’s housing market can look forward to an exceptional 2021, according to the BC Real Estate Association. In its latest Housing Forecast Update covering the first quarter of […]