US housing starts declined slightly in February, though January new construction was revised higher. Total housing starts were at a seasonally adjusted annual rate(SAAR) of 698,000 last month, down 1 per...
Blog & News: Vancouver Real Estate Market
Home Sales in Interior and North Outpace Province - BCREA
Vancouver, BC – March 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 9.6...
Bank of Canada Interest Rate Decision - BCREA
The Bank of Canada left its overnight rate unchanged at 1 per cent for the twelfth consecutive meeting. In the statement accompanying the decision the Bank noted that while heightened uncertainty...
Average Days on the Market and Price Per Square Foot for Apartments in Vancouver
Below is a break down of the current Average Days on the Market (ADOM) and Average Price Per Square Foot for Apartments in and around Downtown Vancouver.
- Coal Harbour - AP/SQFT is $851/sqft...
Housing Affordability Improves for Second Consecutive Quarter: RBC Economics
Modest Improvements at the End of 2011 Lighten the Load on Household Budgets
TORONTO, March 7, 2012— Canada's housing market made further steps on a promising path in the closing...
Greater Vancouver housing market trends near long-term averages as spring market approaches
Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February.
The Real Estate Board of Greater Vancouver (REBGV)...
Canadian Real GDP Growth - BCREA
The Canadian economy grew 0.4 per cent in December and 1.8 per cent at a seasonally adjusted annual rate for the fourth quarter, close to BCREA’s forecast of 1.9 per cent and a marked...
Information about the new HST | PST housing transitional rules
The province will transition back to the Provincial Sales Tax (PST), which will replace the Harmonized Sales Tax (HST), on April 1, 2013. Until then, the province has announced transitional...
Home Sales Rise Outside Lower Mainland - BCREA
Vancouver, BC – February 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC dipped 7.6...
Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market
Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability...
Balanced real estate market prevailed through much of 2011
The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.
The Real Estate Board of Greater Vancouver...
What $500,000 Gets You In: Vancouver
I wrote the following post for BMO SmartSteps - click here to view:
Consistently ranked as one of the very best cities to live in the World, living in Vancouver will unfortunately come...
Canada's Rental Vacancy Rate Decreases - CMHC
Below is an extract from the latest news release by Canada Mortgage and Housing Corporation (CMHC) about their fall Rental Market Survey.
The average rental apartment vacancy rate in Canada's...
Bank of Canada Interest Rate Announcement - BCREA ECONOMICS NOW
As anticipated, the Bank of Canada maintained its target rate at 1 per cent this morning. On inflation, the Bank noted that it " expects the inflation rate to decline as...
Historically normal activity keeps the Greater Vancouver housing market in a balanced state
The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached,...
Canadian GDP Growth in Q3
Canadian economic growth rebounded strongly in the third quarter of 2011 following a slight contraction in Q2. Real GDP data released this morning showed that the economy grew a robust 3.5...
Housing Forecast Points to Market Stability in 2012: BCREA 2011 Fourth Quarter Housing Forecast
Vancouver, BC – November 8, 2011. The British Columbia Real Estate Association (BCREA) released its 2011 Fourth Quarter Housing Forecast today.
BC Multiple Listing Service® (MLS®) ...
Greater Vancouver at lower end of balanced housing market
With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over...
What areas of Burnaby and the Tri-Cities are considered a Buyers Market?
The following real estate statistics use the Sales-to-List ratio to determine which of the following areas are Buyers Markets. The stats also divide each area by product type. The areas include Burnaby,...
BCREA on the Bank of Canada Interest Rate Announcement
As was universally anticipated, the Bank of Canada opted to hold its target overnight rate at 1 per cent this morning. Ongoing uncertainty in the Euro-zone continues to weigh heavily...
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.