Abbotsford remains the most affordable for renters, with 1-bed unfurnished units averaging $1,714. Surrey offers cost-effective options, with Guildford averaging $1,915 and South Surrey averaging $1,983 for 1-bed units. Langley's […]
Canada's housing markets have seen a shift towards balance. More sellers have returned to the market, resulting in eased demand-supply conditions in: – Vancouver – Toronto – Calgary – Edmonton […]
Refinancing a mortgage is a process in which a homeowner obtains a new mortgage to pay off their existing mortgage, which can result in a lower interest rate, access to […]
Vancouver Island experienced the fastest price growth in BC over 5-yr at 59.8%, while nationally, prices ↑ 39.5%. The highest benchmark price in August was in Oakville-Milton at $1.4M, ↑ […]
BCREA forecasts housing activity in Northern BC to remain flat in 2023. The region is predicted to have 3,600 unit sales this year, ↓ 16% yearly. Economists expect prices in […]
BC initiated Budget 2024 consultations, gathering recommendations on housing and related issues. Housing supply and affordability concerns led to suggestions for incentives, better coordination, and data access. Rental housing recommendations […]
A new report from McGill University commissioned by the British Columbia Hotel Association found that British Columbia's long-term renters have been paying an extra $2 billion in rent between 2016 […]
Housing affordability declined in August across Canadian provinces except British Columbia. British Columbia is the only province where affordability improved slightly. Buyers in BC still require ~$200K in annual income […]
BC housing construction facing downturn amid escalating challenges.Banking institutions' hesitancy further complicates construction financing. Rising costs for building materials and mortgage rates hinder new projects.
Experts are divided on the potential impact of the Bank of Canada's (BoC) decision to pause interest rate hikes on the real estate market. During the previous pause, home prices […]
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