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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]