Blog Posts - Metro Vancouver Real Estate

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...

The much-ballyhooed “soft landing” in real estate may already be underway, Bank of Montreal says, as booming price gains in two of Canada’s three biggest housing markets are the exception rather than the rule in the rest of the coun...

With Vancouver’s housing market racing off the charts, I found this interesting article by mortgage broker Atrina Kouroshnia who explains the risks involved in presenting an offer without subjects. In competitive housing markets like Vancouver,...

Fierce competition among banks and home buyers is driving mortgage rates down and home prices up, signalling the start of a spring housing market that many observers expect will be particularly heated this year. Bank of Montreal unveiled a 2.79-per-c...

In cities such as Vancouver and Toronto, the average cost of a detached home will set you back more than seven figures. Meanwhile, the market in Alberta has seen sales and prices drop since the collapse of oil. In January, Deutsche Bank AG warned tha...

Strong demand in Metro Vancouver – Canada’s hottest real estate region – has pushed typical detached home prices past the $1-million mark, with February sales well above average. Who is purchasing the homes, and how can they afford...

That view, expressed recently by Business Council of B.C. executive vice-president Jock Ferguson, reflects the sentiments of many. However, similar observations have been made in the past. Still, the cost of housing in the Vancouver area has kept cli...

Canada’s housing market has been cooling, led by Alberta, but Toronto and Vancouver are surging forward fuelled by lower borrowing costs. Recent trends have seen a red-hot housing market in Alberta along with the big urban markets of Toronto an...

The Real Estate Board of Greater Vancouver released new figures yesterday that showed the typical detached property in the area increased 8.4 per cent from January 2014 to $1,010,000. The benchmark price for all residential properties in Metro Vancou...

Canada’s major banks are heading into a renewed mortgage price war in the wake of the Bank of Canada’s surprise decision to cut interest rates. Mortgage brokers reported that Royal Bank of Canada dropped its five-year fixed rate for quali...

Derek Petridis, a 39-year-old chief financial officer at Shikatani Lacroix Design Inc. in Toronto, has loaded up on seven condominium rental properties over the past decade. It may seem like he’s got an extreme bet on the housing sector, but a new...

Already ranked as one of the most unaffordable cities in the world, Vancouver’s heated real estate market could get a further push, after the Bank of Canada cut the overnight lending interest rate to 0.75 per cent. The rate had been at one per...

First-time home buyers are spending more to get into homeownership while some are putting off the buying decision based on financial considerations, says a new report from BMO. The average spent in Canada by first-time buyers is $316,100, up from $30...

House prices are expected to increase just “moderately” across Canada this year, led by above average gains in the Greater Toronto area but saddled by uncertainty in the West thanks to slumping oil prices. House prices gains are likely to slow th...

Buy a house. Don’t buy a house. Soft landing. Crash landing. As we start the new year, the question on everyone’s mind is: What can we expect from Canada’s housing market? Once again, experts agree that housing affordability is stretched, h...

Metro Vancouver homeowners have grown accustomed to healthy increases on their annual B.C. Assessment notices, which are now landing in mailboxes. What’s new this year is that condo values are also rising in the region, after a few flat years that...

There were no double-digit price gains in the country’s hottest real estate markets this year. Instead, Calgary, Toronto and Vancouver saw prices increase between 5% and 7%, according to each city’s real estate board. And as Sal Guatieri pred...

Housing prices in the Lower Mainland are predicted to rise a modest three per cent in 2015, while Canada’s highest prices, in Vancouver, will be sustained by demand from Mainland Chinese buyers. That’s the view from RE/MAX’s 2015 na...

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