Blog & News: Vancouver Real Estate Market

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Posted in 2020 Market Report, Aggregate Home Price, Canada Home Prices, City of Vancouver, Condominium, COVID-19 impact on home prices, First Quarter, Greater Vancouver, Greater Vancouver Housing, Home Price, Market Forecast, Market Statistics, Metro Vancouver, Real Estate Sales, Residential Homes, RLP Market Forecast, Royal LePage Market Forecast

Canada's aggregate home prices are predicted to grow 1% by the end of 2020 in a best-case scenario. If the restrictions remain in place through late summer, a national home price decrease of 3% is expected...

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Posted in 2020 market report, Attached home, Benchmark price, COVID-19 impact, Detached homes, Greater Vancouver, Home Price Index, Housing market, Impact of COVID-19 on housing, Market forecast, Metro Vancouver, Real Estate Board of Greater Vancouver, Real estate market update, Real estate sales, REBGV

The beginning of March saw a steady buyer demand in Metro Vancouver's housing market and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.

COVID-19 impact on home buying and selling

According...

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Posted in 2020 market report, Bank of Canada, BC housing market, bcrea, British Columbia Real Estate, covid-19, covid-19, economic data, Economic impact of COVID-19, Impact of COVID-19, Interest rates, low mortgage rates, Mortgage payments, Mortgage rate, Real estate market forecast, real estate transaction, stress test

The COVID-19 outbreak has caused a steep decline in interest rates, however, it is uncertain as to how severe the impact will be on economic activity. Considering the importance of tourism and our trade...

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