High housing prices in Canada pose a challenge for the Bank of Canada in its fight against inflation, according to a National Bank economist. The country's record population growth has […]
Vancouver condo investors hold properties due to low demand, with declining sales and increased listings. Vancouver condo market lags with a 17.1% sales decline in 2023, impacted by rising interest […]
Predicted number of sales in Q4 2023: 76.7K, ↓ 4.8% yearly Predicted number of sales in Q4 2024: 80.3K, ↑ 4.8% yearly Predicted avg price in Q4 2023: $977K, ↓ […]
B.C.'s avg home price in September ↑ 4.9% yearly. September had 5,531 home sales, about 20% ↓ from the seasonal norm, impacted by high borrowing costsTotal September sales amounted to […]
A mere ↑ 3% in rate results in a ↑ 44.5% spike in mortgage payments. 30% of Canada's 10M mortgages will require renewal by April 2025. Concerns grow as many […]
Vancouver's one-bedroom median rent: ↓0.7% MoM to $2,800 ↑2% yearly to $33,600The median rent for two-bedroom apartments hit $3,960. ↑1.5% MoM ↑9.1% yearly
With higher borrowing costs due to interest rates and escalating construction costs for building materials, equipment, and labour, new building development projects are increasingly at risk of becoming financially unviable, […]
Prime rate linked to overnight rate, affecting mortgages and loans. Strong Canadian economic recovery, low unemployment, but high inflation. BoC aims for gradual rate hikes to reach a neutral level […]
British Columbia's real estate market saw a slight increase in sales and prices in October compared to the previous year. The market is described as balanced, with a 1.8% increase […]
New legislation in B.C. aims to expedite housing construction by eliminating lengthy re-zoning negotiations between developers and municipalities. The law also reforms development cost charges, giving municipalities more flexibility in […]
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