News: Vancouver Real Estate MarketRoyal LePage's Q2 2022 House Price Update and Market ForecastIncreased supply and slowing sales push Greater Vancouver toward balanced market for the first time in more than two years
Seller’s market persists in Greater Vancouver despite slight rise in supply and some moderation in demand
Detached home prices increased 20.7% in the first quarter of 2022 According to the Royal LePage House Price Survey released today, the aggregate price of a home in Greater Vancouver increased 18.2% 1 year-over-year to $1,368,600 in the first quarter of 2022. Broken out by housing type, the median price of a single-family detached home increased 20.7% to $1,870,100, while the median price of a condominium increased 20.4% to $828,400 during the same period. "While the supply of listings is beginning... Canadian home prices soar as persistent supply shortage results in continued seller’s marketNational aggregate home price increases 21.4% year-over-year Third quarter highlights:
CANADA HOME PRICES INCREASED 2.2% IN FOURTH QUARTER OF 2019The aggregate price of a home in Canada increased 2.2% year-over-year to $648,544 in the fourth quarter of 2019 as reported by the Royal LePage House Price Survey. As we have seen in the third quarter, potential buyers are continuosly coming back to the real estate market.
Buyers stayed in the sidelines during the first half of 2019, trying to guage the potential impact of the federal mortgage stress test."The federal government has signaled that changes could come to the mortgage stress test mechanism... Canada’s Two Largest Real Estate Markets Head in Opposite Directions in the First Quarter of 2017Over-heated Toronto market boils over into adjacent regions
Market slows in Vancouver, yet signs point to early rebound
TORONTO, April 18, 2017 – According to the Royal LePage House Price Survey[1] released today, Canada’s residential real estate market saw substantial price growth in the first quarter of 2017. While the majority of Canadian housing markets posted modest gains, price appreciation across much of Ontario significantly outpaced the rest of the country,... BC Home Sales to Decline in 2017 from Record Pace: BCREA 2016 Fourth Quarter Housing Forecast
Vancouver, BC – November 29, 2016. The British Columbia Real Estate Association (BCREA) released its 2016 Fourth Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 11 per cent to a record 113,800 units this year, eclipsing the previous record of 106,310 units in 2005. Less robust economic conditions combined with government policy constraints are expected to slow housing demand by more than 15 per cent... Canada’s Housing Market Continues to Expand in Third Quarter in the Face of Regulatory HeadwindsCanada’s residential real estate market continued to grow in the third quarter of 2016, posting a double-digit year-over-year aggregate house price increase, according to the Royal LePage House Price Survey[1] released today. The Government of British Columbia’s new 15 per cent property transfer surtax on foreign nationals and foreign-controlled corporations, introduced early in the quarter, has contributed to slower sales activity but has had little impact to-date on Greater Vancouver... Pace of House Price Inflation in Toronto and Vancouver to Return to Earth in 2016Canada’s residential real estate market showed strong growth in the fourth quarter of 2015, led by hot Vancouver and Toronto markets according to the Royal LePage House Price Survey[1] and Market Survey Forecast[2] released today. Looking forward to 2016, Royal LePage expects continued price increases in most markets, but not at the pace that has been the recent norm. Instead, the national real estate market is expected to slow later this year, principally due to the effects of a dampened economy... |
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