Blog & News: Vancouver Real Estate Market

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Posted in Attached Home, BC Home Sales, BC Housing Market, BC Real Estate, Covid-19 Housing Market Update, Detached Home, Greater Vancouver, Home Buyers, Home Owner, Market Data, Market Update, Metro Vancouver, MLS, Multiple Listing Service, Real Estate Board of Greater Vancouver, Real Estate Sales, Real Estate Statistics, REBGV, Statistics Package

Residential home sales in the region totalled 2,443 in June 2020 accroding to the Real Estate Board of Greater Vancouver (REBGV). This is a 17.6% increase from 2,077 sales recorded in June 2019 and a 64.5%...

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Posted in BC Home Sales, BC Housing Market, BC Provincial GDP, BCREA, British Columbia Real Estate Association, Canadian Economy, COVID-19 Economic Data, COVID-19 Recession, Economic Growth, Economic impact of COVID-19, Greater Vancouver, Home Owners, Interest Rates, Metro Vancouver, Residential Homes, Unemployment Rate

In the past 40 years, the Canadian economy has had three recessions, each of them different in cause, depth, and duration. The 2020 COVID-19 recession is said to be deep, but will not last long when compared...

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Posted in Bank of Canada, BC housing market, BCREA, Canada mortgage rates, Credit markets, Effective lower bound, Financial plan, Funding, Interest rate, Interest rate change, Market statistics, Market update, mortgage payments, Programs, Reduction in rates, Short-term funding market

The Bank of Canada has lowered its overnight policy rate for the second time this month, taking the rate down a further 50 basis points to 0.25%. This is what the Bank considers as its effective lower bound...

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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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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.