Blog Posts - Canada Interest Rates

Housing price appreciation across the country will be more than it has been in the last 16 years, according to a new forecast from one of the country’s largest real estate companies. Royal LePage, in a report out Wednesday, says economic uncertaint...

Home sales in Greater Vancouver are on a hot streak, and the professional association representing all the real estate boards in the province is bumping up its forecast for 2016, predicting escalating prices and a jump in the number of homes sold. Th...

Real estate prices in key global cities are rising at a slow, moderate pace, particularly in Europe. According to new research published by international real estate consultant Knight Frank, 35 of the world’s most important cities saw an average pr...

The insanity, it seems, is not over. Despite ongoing warnings from the CMHC that the Vancouver housing prices are overvalued and have outpaced the economic fundamentals in the city, they keep climbing. In the past year, the benchmark price for a deta...

A total of 12,560 homes were sold across the province in March, up 38 per cent year-over-year, according to British Columbia Real Estate Association data released April 15. This figure shatters the previous record, which was set in May 2007 when 11,6...

In a red-hot real estate market where inventory is low, prices are high and competition is fierce, the seller holds exponentially much more power than the buyer. Multiple offers have become the new normal in the Vancouver market, with many properties...

Vancouver’s hot real estate market isn’t showing signs of slowing. January saw year-over-year growth of more than 20 per cent for the Metro region, according to the Canadian Real Estate Association. That brings the average price of a home...

Prices increased 11.5 per cent, significantly bolstering the national average, while sales activity increased 21.4 per cent in 2015 over 2014 – and those figures aren’t just for Vancouver. The association, however, expects increases in sa...

The federal government is attempting to take some momentum out of the country’s most expensive — and frothiest — housing markets in Vancouver and Toronto, announcing Friday changes to mortgage lending rules that lift minimum down payment requir...

A further interest rate cut by the Bank of Canada could further fuel flames in the country’s two biggest real estate markets which are once again showing signs of overheating, housing watchers say. “It’s another log on the fire for the Toronto...

Lower Mainland house prices hit record highs in June, particularly in Metro Vancouver north of the Fraser River, as hot spring sales appear to be spilling over into summer. The benchmark price (an average of typical homes sold) for detached houses to...

Not “good” interesting. “Scary” interesting. “We believe the Bank of Canada will begin raising (interest) rates in March 2016,” a new report from the Ottawa-based economic think-tank says, predicting slow and gradual rate...

That compares with an average price of $448,862 for homes sold in April, according to the latest figures from the Canadian Real Estate Association. Excluding the red-hot markets for the greater Toronto and Vancouver, the average figure in April was $...

$6.3 billion worth of British Columbia real estate was sold in April, making the month the hottest April for home sales in a decade. The British Columbia Real Estate Association reported Thursday morning a 45.5 per cent increase from April 2014 in th...

There are more people trying to buy than there are people trying to sell their homes in Metro Vancouver. The Real Estate Board of Greater Vancouver has found sales for all types of homes in April were 30 per cent higher than the ten-year average. Sal...

Housing affordability in Metro Vancouver continued to slide in the first quarter, making it even more difficult for Vancouverites to own a home the country’s least affordable region, according to the latest Desjardins Affordability Index releas...

A Bank of Montreal report suggests first-time home buyers are increasingly turning to the “Bank of Mom and Dad.” BMO’s 2015 Home Buying Report found that 42 per cent of first-time buyers told an online survey that they expected their parents or...

The average price for detached bungalows and two-storey houses across Vancouver, North Vancouver and West Vancouver have jumped by 10.6 per cent and 10.3 per cent in the last year, according to Royal LePage’s House Price Survey, released Wednesday.

From Albertan black gold to globetrotting wealth to lucky heirs, big money is flocking to Vancouver real estate and fuelling huge price increases that show no sign of stopping, according to the CEO of Sotheby’s Canada. “You’re not only going to...

Greater Vancouver’s housing market is booming this spring as residential sales soar and prices hit record highs, placing sellers in a strong position. There were 4,060 single-family detached homes, condos and townhouses that sold in the region...

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