Blog Posts - Metro Vancouver Real Estate

Lower Mainland real estate markets climbed modestly in the first two months of the year. The Fraser Valley Real Estate Board (FVREB), which includes Surrey, White Rock and North Delta, reported a benchmark detached house price of $558,100 in February...

The number of homes sold in Vancouver increased 44 percent in February compared to the previous month, after a monthly drop reported in January. A total of 2,530 homes were sold in February, up from 1,760 sales in January, according to the Real Estat...

The million-dollar club isn’t so exclusive in Greater Vancouver, where the average price for single-family detached houses sold has soared to a record high of more than $1.36-million. Prices surged as total residential sales climbed to 2,530 last m...

The world’s wealthiest may look at expanding their real estate portfolio as they may use sub-orbital space travel to reduce travel time, believes Knight Frank. More than 70 wealthy individuals, with a combined wealth of over $200 billion, are inves...

The average cost of a Canadian home hit a record high of $388,553 in January. This price is 9.5 per cent higher than last year. The average cost of a home in cities such as Toronto and Vancouver rose to $526,528 and $606,800. Over the last ten years...

Real estate is making British Columbian families richer, according to Statistics Canada’s latest report on financial security, though that is not necessarily making them better off. British Columbia saw the median family net worth, which measur...

Canada’s luxury housing markets are booming. Like, ridiculously booming, at least in some places. According to a recent RE/MAX report, luxury home sales in Toronto (defined as $1.5 million plus) jumped 18 per cent in 2013, while Vancouver saw l...

The five-year fixed mortgage at an advertised rate below three per cent has returned to Canada for the first time since last year. Meridian Credit Union, the largest credit union in Ontario, announced this week it had lowered its benchmark five-year...

Almost a quarter of Canadians say they are planning on using their homes as their primary source of income once they are out of the workforce, according to a survey from Sun Life Financial. “It’s not something we would recommend per se, it is a b...

The fourth quarter of 2013 saw a slight improvement in housing affordability in Metro Vancouver, once again due to slight drops in interest rates at some banks, statistical analysis provided to The Vancouver Sun shows. During the whole of 2013, affor...

Real estate agents in Vancouver say property prices could take a hit, after Canada scrapped a program which allowed wealthy immigrants to fast-track the visa process. The Immigrant Investor Program, launched in 1986, offered visas to business people...

Canadian home prices are likely about 10 percent overvalued given expectations for rising interest rates, TD Bank said in a report yesterday. However, the bank also noted the overvaluation in markets such as Toronto, Vancouver, Montreal and Ottawa is...

It’s the one room in the house where everyone gathers every day. As the most popular spot in every home, why not make your kitchen the most attractive and inviting room, too? Here are some hot trends in kitchen decor: The showcase kitchen Witho...

The $25,000 Ottawa allows you take out of your retirement fund to buy your first home sure doesn’t go as far as it used to. Under the home buyers’ plan, Canadians can take $25,000 out of their registered retirement savings plan and pay it bac...

Metro Vancouver house prices will increase by an average of 4.4 per cent this year to $801,000, according to the latest Royal LePage house price survey. But Vancouver real estate experts suggested Thursday the forecast might be slightly optimistic. &...

What’s hot – and not – in housing for 2014? Below is a look at some of the trends, including what colours and accessories the best homes will be sporting this year. Colour Purple is the colour of the year for 2014. Unless it’s...

Repeated warnings of an overheated market failed to deter home buyers in Canada’s largest cities in 2013, with the number of Toronto home sales up two per cent over the previous year, Vancouver sales were up 14 per cent and Calgary sales rose 1...

The changes aren’t big but for the second year single-family homeowners in Vancouver will see the west-side, east-side differential in their property values narrow with west-side homes losing a bit of ground and east side values rising, accordi...

The median resale price of a home in British Columbia is expected to increase at an accelerating rate over the next three years, according to a new forecast by Central 1 Credit Union. The median resale price is expected to end this year at $388,000,...

New data released yesterday from the organization that represents home sellers shows Canada’s housing market continues to hit new highs, with the average price increasing by almost 10 per cent in the last 12 months to $391,085. The Canadian Rea...

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