Category: Uncategorized

Despite rate hikes, Vancouver's avg prices remain stable. Fall market influenced by investors exiting due to rate hikes and rental increase limits, causing a significant market shift.Usual life events, not market frenzy, fuel property transactions in the fall, reflecting a balanced market.

The federal government has announced that it is providing Marcon Developments with $107.5 million in fully repayable low-interest loans through the Rental Construction Financing Initiative for a major secured purpose-built rental housing project in Vancouver's Oakridge area. This will enable Marcon to construct two towers with a total of 426 rental homes, including 215 market…

Vancouver's Real Estate market is no longer at risk of a bubble, according to a global report. The Indexes show Vancouver's housing market has stabilized. Vancouver's housing prices shifted from bubble risk to “overvalued” due to a ↑~35% in prices and rising household debt.

The UBS Global Real Estate Bubble Index report has revealed that real estate in Canadian metros Vancouver and Toronto have moved out of the bubble risk category and into the "overvalued" category due to increasing financing costs and higher mortgage stress test rates leading to prices dropping by more than 10% in inflation-adjusted terms since…

The UBS Global Real Estate Bubble Index 2023 has revealed the global housing market has suffered due to rising inflation and interest rates over the past two years. Average mortgage rates have tripled since 2023 and house price growth has stagnated, with prices being 5% lower than mid-2022 in inflation-adjusted terms. Toronto and Vancouver have…

Avg home prices in Canada predicted to remain flat for the rest of 2023 due to higher interest rates and low inventory. Some regions will continue to experience rising prices, while others will see declines. ~44% of housing markets in Canada expected to be seller’s markets, with the rest being balanced or buyer’s'markets.

REBGV predicts housing market stabilization in the Vancouver area. August sales totalled 2,296, ↑ >21% yearly, but ↓ 13.8% compared to the 10-yr seasonal avg. New listings in August reached 3,943, ↑ 18% yearly, but still ↓ 5.3% compared to the 10-yr seasonal avg.

Ratehub.ca has calculated the minimum annual income required to buy an avg home in Canada’s major cities. Minimum income to buy an avg $1.2M home in Vancouver rose to $246,100 due to rising mortgage rates.Reports reveals affordability worsened despite a slight $2,300 decrease in avg home prices.

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

Seasonally adjusted home sales in Vancouver ↓ 10.5% MoM in August. Sales are expected to decelerate further in the months ahead due to rising rates and affordability concerns. New listings ↓ 1.6% in August, the first contraction in 5-mo.