- Vancouver home sales dropped 26% in wake of foreign-buyers taxSales fell 26 per cent last month in Greater Vancouver’s real estate market while prices hit new highs or stayed near records in the wake of a new tax on foreign buyers in the region. There were 2,489 detached houses, condos and town homes in the r...
- Canadian real estate prices forecast to see largest annual increase this centuryHousing 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...
- Nine out of 10 Vancouver houses are now worth more than $1 millionMore than 90 per cent of all detached homes in Vancouver are now worth more than $1 million, up from just 19 per cent a decade ago, a new study by a local urban planner has found, showing how rapidly housing prices have escalated in the Canadian city...
- Greater Vancouver home sales and prices set to soar in 2016Home 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...
- See how Vancouver’s real estate prices have outperformed global citiesReal 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...
- Vancouver area benchmark house price up 30% in 1 yearThe 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...
- B.C. real estate sales break another record as demand soarsA 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...
- How can you win a real estate bidding war in Metro Vancouver?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...
- Average Metro Vancouver home price climbs 20% in JanuaryVancouver’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...
- If you’re flipping houses, expect to face tax on 100% of your profitsNews reports of insider trading and house flipping among some Metro Vancouver real estate agents has led B.C.’s Superintendent of Real Estate, Carolyn Rogers, to launch an investigation into the matter. Earlier this week, NDP housing critic David E...
- Vancouver property assessments go through the roofIt released its annual assessment figures January 4 and it provided a few examples of some individual assessments including one for an East Side, single-family, 33-foot lot, which jumped by 28% from $993,000 to $1,267,000, and one for a West Side, si...
- Vancouver real estate prices up an incredible 18% over 2014Prices 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...
- Canada’s mortgage rules tightened to cool off red-hot Vancouver and Toronto marketsThe 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...
- Rate cut could add fire to Vancouver and Toronto housing marketsA 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...
- Price of a detached house in Greater Vancouver surpasses $1.1 millionLower 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...
- Could an interest-rate hike cool B.C.’s real estate market?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...
- Average home price of affluent Canadians tops $1.5-millionThat 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 $...
- April hottest month for B.C. real estate in a decade$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...
- Another record breaking month for real estate sales in VancouverThere 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...
- Metro Vancouver housing affordability continues to slip-slide awayHousing 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...
