Stagnant Vancouver Market Ahead?
Cautious buyer sentiment to continue.
Cautious buyer sentiment to continue.
The income needed to buy an avg-priced home ↑ in 10 major Canadian cities during June and July. Despite home values ↓ in some cities, mortgage rate increases have made […]
BMO's latest report on Canadian real estate affordability paints a bleak picture for young adults, with affordability worse than it has been since 1988. The report reveals that in Greater […]
Regional outlooks vary significantly, with some cities predicted to see price increases, while others may experience declines.
BC home sales to ↓ 2.8% in 2023, ↑ 6.1% in 2024. .
According to research from online mortgage provider Nesto, the income required to qualify for a mortgage in most provinces in Canada has increased, except for British Columbia where affordability has […]
International migration fuels population growth in BC, outpacing housing supply. ~180K people has moved to BC in 2022, while only ~40K new housing units were completed.
Home sales volumes are expected to ↓ ~5% in 2023, but ↑ 12% in 2024 and ↑ 14% in 2025.
Home prices rising in Lower Mainland, prompting buyers to seek affordable options. Kamloops is the most affordable city, with avg home price of $539.8K, and saving ~$450K vs the provincial […]
The Bank of Canada’s consecutive interest rate hikes have impacted the housing market rebound this summer, with July sales dipping for the first time in six months. New listings have […]
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