Housing Starts Plummeting in Canada
Housing starts in 2023 nearing the historic low of 1998 despite the housing shortage, particularly notable in Montreal.
Moving From a Condo to a Home in Canada
Houses in Canada are ~40% more expensive than condos on a national level, taking over 2-yr worth of income to cover the difference. Vernon has a $385.4K price gap, requiring […]
B.C. Housing Market Benchmark in Mid-Summer
In July, home sales [↑](color-green) ~10% yearly, but [↓](color-red) 300+ MoM units from 1,656. Shuswap / Revelstoke: Single-family home: $711K Town home: $566K Condo/apartment: $430K
Young Canadians hit the hardest by Bank of Canada interest hike
The poll conducted in July showed that people from the same age group living in Ontario and Quebec were less worried about their financial future compared to the poll conducted […]
What’s Going on With Canada’s Luxury Real Estate Markets?
Canada's Luxury Real Estate markets show diverging trends across the 4 largest metropolitan markets. In the GTA, demand grew in H1, but supply issues led to ↓ 32% yearly in […]
The Gap Between Renting and Buying Costs Is High in BC
Vancouver, Victoria, and Surrey mortgage holders pay $1,941 more / mo on avg than renters. BC shows a higher difference in monthly payments between mortgage holders and renters.
City approves tenant relocation and rental stock protection policies
The City of Delta has approved two new policies, the Tenant Relocation Policy and the Rental Stock Protection Policy, that will become part of the city's Housing Action Plan. The […]
The Most and Least Expensive Cities in Canada
Vancouver retains its position as the most expensive city in Canada to rent, with an avg monthly rent of $2.5K for all property types8 out of the top 10 most […]
Condo Sales Skyrocket in Greater Vancouver
Condominium apartment sales in Greater Vancouver [↑](color-green) 175% in June, nearing peak prices. The benchmark price of a condo reached $767K, [↑](color-green) $47K during H1.
Mortgage lenders vs. banks. Assessing and deciding which is best for you
Mortgage lenders and banks are two popular options for financing home purchases. Banks are depository institutions that offer a variety of financial services, including mortgages, while mortgage lenders specialize solely […]