Active home listings on the MLS® in Metro Vancouver continued to rise in April, showing a 42% year-over-year increase, surpassing the 12,000 mark—a level last observed in the region during the summer of...
Blog & News: Vancouver Real Estate Market
Buyers’ purchase plans gain momentum in Q1 to get ahead of rising home prices, and anticipated interest rate cuts
Typically, spring marks the peak activity season for Canada's real estate sector, as warmer weather prompts a surge in buying and selling nationwide. However, in 2024, this bustling spring market began...
Buyers have more choice this spring, given increased seller activity
The amount of Metro Vancouver homes listed for sale on the MLS® rose nearly 23% year-over-year, providing more opportunity for buyers looking for a home this spring.
The Greater Vancouver REALTORS® (GVR)...
BC First-Time Home Buyer Property Transfer Tax Exemption
Purchasing your first home is a significant milestone, but it often comes with a multitude of financial considerations. In British Columbia, one consideration is the Property Transfer Tax (PTT), which can...
The New BC Home Flipping Tax: how does it work?
In the ever-shifting landscape of real estate regulations, British Columbia is implementing a transformative measure: the BC Home Flipping Tax. Set to take effect on January 1, 2025, this tax targets income...
Spring awakening: home sellers are bringing much needed inventory to the housing market
In January, Metro Vancouver home sellers appeared mostly hesitant, however new listings rose 31% year-over-year in February, bringing a significant number of newly listed properties to the market.
Greater...
$1 Million in 2024: What can this budget buy in Canada’s major housing markets?
When comparing the real estate markets from coast to coast across Canada, a home with a price tag of $1 million can differ greatly. As the nation’s short supply persists and buyers struggle with affording...
Bill 44 Housing Statutes (Residential Development) Amendment Act
Bill 44 Housing Statutes (Residential Development) Amendment Act, 2023 has the potential to make housing for affordable by increasing the amount of small-scale multi-unit housing in neighbourhoods that...
Canada Extends Ban on Foreign Ownership of Housing
The Canadian government has recently announced a two-year extension to the ban on foreign ownership of Canadian housing. This move reflects the government's commitment to ensuring that Canadians have access...
Metro Vancouver’s housing market off to a strong start in home sales this year
While the Metro Vancouver market ended 2023 in balanced market territory, in January conditions began shifting back in favor of sellers as the pace of newly listed properties did not keep up with the...
Despite the continued slowdown in market activity, national home prices close out 2023 above last year
Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada.
National Summary
National aggregate home price increased 4.3% year over year in Q4 2023;...
Metro Vancouver housing market shows resilience in 2023, ending the year in balanced territory
In 2023, Metro Vancouver’s housing market closed out with balanced market conditions, but the year-end totals there is a story of surprising resilience in the face of the highest borrowing costs...
Modest interest rate cuts expected to fuel activity next year, leading to an increase in property prices
Canada’s housing market could return to more normal levels of activity and price trends next year, following several years of unprecedented ups and downs. The Bank of Canada is expected to lower its overnight...
Canadians will adapt to a new reality as the housing market returns to usual in 2024 - “The Great Adjustment”
Canadians may see the real estate market return closer to normal in 2024, after years of unprecedented irregularity. According to the Royal LePage Market Survey Forecast, the aggregate price of a home...
Why the Bank of Canada could cut interest rates much more than markets expect
The Bank of Canada is widely expected to hold its benchmark interest rate when it meets next week, but a lot has changed since October. Cooling inflation, here and south of the border, and a weakening economy...
In Metro Vancouver, balance is to come to the housing market for the holiday season
With 2023 coming to an end, a steady increase in housing inventory is offering home buyers across Metro Vancouver among the largest selection to choose from since 2021.
The Real Estate Board of Greater...
House prices in Canada’s popular ski regions set to rise a modest 2.9% over the coming year
Royal LePage predicts continued stability in Canada’s winter recreational real estate market as interest rates expected to hold or moderate
National single-family home price in Canada’s winter recreational...
Metro Vancouver housing market holds steady in October
The Real Estate Board of Greater Vancouver (REBGV) reports...
Choosing the Best Coquitlam Realtor: A Comprehensive Guide.
Choosing the right REALTOR® is a crucial step to ensure your journey to buying or selling real estate in Coquitlam is a success. A skilled and experienced REALTOR® can make the process smoother and more...
More than 3 million Canadians have a mortgage renewing in the next 18 months, and most of them are worried about it
The Bank of Canada announced on October 25th it would be holding its key lending rate at 5.0%, the second consecutive hold since two quarter-point increases were made over the summer. Since March of last...