Blog & News: Vancouver Real Estate Market

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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 Aggregate Home Price, Aggregate Price, Attached Homes, BC Home Sales, Canadian Economy, Covid-19 House Price Survey, Detached House, Economic impact of COVID-19, Greater Vancouver, Greater Vancouver Housing, Home Owners, Market Data, Market Statistics, Real Estate Analysis, Real Estate Statistics, Royal LePage House Price Survey

According to the Royal LePage House Price Survey and Market Survey Forecast released today, if the strict stay-at-home restrictions are eased during the second quarter Canada's aggregate home price could...

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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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