Blog Posts - Metro Vancouver Real Estate



Vancouver is back to bidding wars and camping out

A low inventory of single-family detached homes for sale in Metro Vancouver has buyers engaging in multiple bidding wars or camping out to get a shot at the few homes when they come on the market. The demand is so high that many buyers are paying mor...

When will the Bank of Canada raise interest rates?

After 18 months on the job, Bank of Canada governor Stephen Poloz has yet to wield the primary tool at his disposal: the key interest rate. When Poloz took the bank’s reins in June 2013, he inherited an overnight rate set nearly three years ear...

Benchmark price for detached homes in Greater Vancouver nears $1-million

The benchmark price for a typical detached home – a gauge that omits the most expensive properties – is approaching $1-million in Greater Vancouver. The Real Estate Board of Greater Vancouver uses the resale home price index (HPI), which strips o...

Canada’s housing market on solid foundation heading into 2015

One measure which suggests that housing demand is relatively strong heading into 2015 is the number-of-months’ supply of homes for sale in Canada, which declined from 5.9 to 5.8 in October, its lowest level since April of 2012. Also, year-over-...

Home ownership is becoming more affordable in Canada, says RBC

Even though real estate prices have been rising faster than inflation and are going through the roof in some parts of Canada, home ownership actually became more affordable in the third quarter, according to a quarterly survey by RBC Economics. The b...

See what BCREA is forecasting for home sales in Greater Vancouver

The total number of home sales in Greater Vancouver is expected to hit 33,800 units by the end of 2014, the British Columbia Real Estate Association announced November 18 in its housing forecast. This is 16.6% higher than the number of units sold in...

Canadian property sales set to jump 4% this year

That’s the news from the Canadian Real Estate Association (CREA). The data reflect sales that are stronger than expected, with recent months showing higher performance than experts foresaw. Nevertheless, sales activity is expected to reach a pe...

Toronto and Vancouver see the biggest home price gains

The national average home price rose in October but the impact of Canada’s two largest markets is continuing to influence Canada-wide numbers, according to the Canadian Real Estate Association. Across the countries prices were up 7.1% from a ye...

What to consider when buying a house in Canada

The average price of a home sold through the Multiple Listing Service last month was $419,699 – up 7.1 per cent from $391,931 in October 2013. That’s according to new numbers from the Canadian Real Estate Association (CREA), which reports on...

Vancouver home sales jump 15% in October and prices are still rising

The board said there were 3,057 sales in October, up from 2,661 sales a year earlier. Sales jumped 5.9% from September and were 16.6% above the 10-year average for October. Prices also continue to rise with the board’s benchmark index up 6% from a...

Vancouver housing prices head towards new record high

Housing prices in the Vancouver region are headed for a record high this year, and signs point to a continuing upward trend in Canada’s most expensive property market, fuelled by steady population growth and economic stability. The price for detach...

Which Canadian cities will see the most residential growth in 2015?

Homeowners who choose the convenience of city life over the more generous living space in suburbia are driving Canada’s real estate market, according to a new report jointly produced by consultancy PricewaterhouseCoopers and the non-profit Urban La...

Canada’s real estate market is on track for a hot start to Fall

There are early indications that September appears to have been another strong month for Canadian home sales. That is based on data that some local real estate boards have released in recent days about how their housing markets fared last month. The...

Average Canadian house price rises 5.3% to $398,618

The Canadian Real Estate Association raised its home sales forecast Monday on the back of stronger than expected sales in recent months after a slow start to the year. The association said sales through its Multiple Listing Service are now expected t...

Which areas had the biggest home price increase in Vancouver, Toronto, Calgary and Montreal?

When Canada’s national housing numbers are released Monday by the Canadian Real Estate Association, they’ll likely show some notable discrepancies between markets. Prices in Calgary, Toronto and Vancouver have been hot lately, but not so...

How long will house prices in Canada keep rising?

Home prices in Canada’s major cities are running at a rate many economists just don’t think is sustainable. We won’t get a complete picture of sales and prices in August for a couple of weeks, but preliminary figures from local real...

Vancouver single-family detached homes hit record high prices

Greater Vancouver and Fraser Valley home buyers have pushed up prices for single-family detached houses to record highs. The benchmark home price index hit $984,300 last month for detached properties sold in Greater Vancouver, up 6.6 per cent from Au...

What is forecast for Canada’s house prices?

The risk of a property market crash in Canada has not ebbed, according to an increasing number of analysts polled by Reuters who said chances of a steep fall in prices have increased in the past year. Still, the survey medians showed house prices wil...

Canadian home sales rise for 6th straight month

Sales of existing homes in Canada rose in July to their highest level since March 2010, notching their sixth straight monthly increase after a slow winter, the Canadian Real Estate Association (CREA) said today. CREA, the industry group for real esta...

Handy tips for first-time homebuyers

With mortgage rates near all-time lows and the government of B.C. saving first-time buyers up to $7,500 by increasing the First Time Home Buyer’s Property Transfer Tax limit from $425,000 to $475,000 (and partial savings up to $500,000), now co...


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