Blog Posts - Metro Vancouver Real Estate

The number of homes sold in Canada’s most expensive market topped 3,000 in July, marking a fourth straight month sales have hit that level. The Vancouver sales market has not been this strong in three years, according to the Real Estate Board of Gr...

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and prices for 2014 and 2015. Little is expected to change on the sales front but nationally average home prices are expected to increase by 5.7% in 2014 but...

If you’ve bought a home in Metro Vancouver in recent years, you’ve probably felt the sting of the Property Transfer Tax. But the B.C. Chamber of Commerce thinks it has a solution to ease some of that tax pain and it involves shifting the...

A gauge closely monitored by the real estate sector, called the sales-to-active-listings ratio, reached 20.4 per cent last month – the first time since June, 2011 that Greater Vancouver’s housing market has crossed into seller’s territory. The...

Recent news that Toronto has caught up to Vancouver with single detached homes averaging more than $1 million raises an interesting question as to why these two cities have such high housing prices relative to the rest of Canada. High housing prices...

There are two main options when buying a home: Either you buy new – a completely new build – or you buy used. If you’re buying a new home, make sure you check out the builder, their track record and speak to people who have bought their...

Signs of weakness are lurking below the surface in Vancouver’s surging housing market, as new home prices dropped by the most in Canada over the past year. According to data released yesterday by Statistics Canada, new home prices dropped 1.1 p...

A measurement closely watched by the real estate industry, known as the sales-to-active-listings ratio, hit 19.7 per cent in Greater Vancouver last month – the highest since June, 2011. The ratio was 15.7 per cent in April, 2013. B.C. real estate a...

For many years, the Canadian and U.S. housing markets tracked each other fairly closely, but that hasn’t been the case since the U.S. housing bubble burst in the middle years of the last decade. According to an analysis from BMO chief economist Dou...

Vancouver has been ranked the second most expensive housing market in the world in a report on international housing costs, second only to Hong Kong. The annual Demographia survey looked at 360 housing markets and divided median housing prices agains...

Prices for all housing types are still on the rise in Vancouver, according to the Royal LePage House Price Survey which was released last week. The report said year-over-year price increases were seen across all housing types in the city in 2014̸...

A report released today by Grosvenor’s research team suggests that Canadian cities are the best bet for long-term real estate investment, with Toronto, Vancouver and Calgary taking the first, second and third spots respectively. The research ra...

The Canadian Real Estate Association (CREA) has updated its forecast for home sales and prices, saying it expects transactions and values to increase during the spring months and into 2015. The national average home price is forecast to rise by 3.8%...

Maybe it’s the sky-rocketing home prices in key markets, but Canadians are saying sayonara to the traditional way of buying a home and are either going in alone or doubling up with friends or relatives. A quarter of Canadians who’ve bought a...

Unlike a lot of first-time home buyers, in 2009 Jesse MacNevin decided to go for a house that was less than the amount he was approved for. “I started doing the numbers and talked to a few real estate agents,” he says. “Then I went...

You don’t have to believe in superstition for it to hex your house, if the results of a forthcoming Canadian study are any indication. Reporting in the journal Economic Inquiry, researchers uncover enormous costs associated with “magical thinking...

The Conference Board isn’t buying the notion that Canada’s housing market will suddenly crumble, saying the most likely outlook is for a modest decline nationally and in some specific markets. The Ottawa-based think-tank argues in a compr...

Economists continue to watch Canada’s housing market. According to the Canadian Real Estate Association, the average house price climbed to $388,553 in January, which is 9.5 per cent higher than it was last year. But how do Canadian cities comp...

Canadian home sales are expected to rebound this spring, with B.C. forecast to see the largest year-over-year increase and contribute the most to national sales activity. The province is expected to see an 8.3 per cent increase in sales activity, acc...

I recently came across this interesting article written by Ian Young who blogs for the South China Morning Post about immigration, property prices and Vancouver. No one in Vancouver better understands the impact that rich immigrants have had on the c...

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