News: Vancouver Real Estate Market

The Federal Budget 2022, released April 7, 2022, had a significant focus on housing for Canadians. Finance Minister Chrystia Freeland laid out how the government is planning to address housing affordability by adopting policies in three categories: building, saving and anti-flipping/foreign investment.

“This was a housing-focused budget and there’s considerable detail within the document that we need to analyze and better understand,” REBGV Chair Daniel John said. “We support...

<p>While down from last year's record numbers, Metro Vancouver's home sale activity remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region decreased 23.9% from the 5,708 sales recorded in March 2021 (4,344 in March 2022) and a 26.9% increase from the 3,424 homes sold in February 2022.

Last month's sales were 25.5% above the 10-year March sales average.

"March of 2021 was the highest selling month in our history. This year's...

Despite a return to pre-pandemis travel and interest rate increases, demand still outnumber supply in amy recreational regions 

Highlights:

• Aggregate price of a single-family waterfront property surged 21.5% year-over-year in 2021 nationally
• Single-family homes in Ontario’s recreational property market recorded the highest year-over-year aggregate price appreciation in 2021, rising 34.6%
• Quebec and Atlantic Canada expected to see highest recreational property price gains in 2022, rising...