Author: admin

There’s an upward momentum in detached house prices in Toronto, Vancouver and Fraser Valley.

The federal government has announced a combined total of $500 million to help deliver 1,100 new purpose-built rental homes within Vancouver. This follows CMHC’s announcement in early August about providing $208 million in low-cost construction financing for three projects generating a total of 422 new rental homes. Eligible projects must also have an affordable housing…

The Real Estate Board of Greater Vancouver reports that higher borrowing costs, combined with seasonal patterns, are causing the housing market to slow its sales and prices to stabilize. August sales were 13.8% below the 10-year seasonal average, yet 21% higher than a year earlier. New listings rose 18% from a year earlier, but were…

The Windsor in Polygon's Windsor Gate community. This beautiful & spacious 2 bedroom 2 full bath CORNER unit features laminate flooring in living, dining & kitchen, carpet in bedrooms, gourmet kitchen w/ quartz countertops, top of the line S/S appliances, integrated fridge, ample storage & great layout with no wasted space. Walking distance to Skytrain,…

Federal minister announces $500M loans for 1.1K rentals in Vancouver. Loan initiative supports rental housing construction catering to vulnerable and middle-class families.

The housing crisis in Metro Vancouver is worsening, with the average one-bedroom rent now more than $3,000 a month, and mortgage rates and house prices rising significantly. This has made owning a home an impossible dream for most. To mitigate this crisis, all levels of government must act with urgency to put reasonably priced homes…

Vancouver's luxury Real Estate market saw increased activity in H1. Ultra-luxury single family home market showed strong improvements in sales and consumer sentiment.

Early-Q3 Home Sales Up in VancouverHowever, sales and prices in the GTA declined MoM, with sales ↓ 8.8% and the avg selling price ↓ 0.7%. In Vancouver, home sales ↑ ~30% MoM in July, reaching a total of 2.5K units.