News & Tips

The British Columbia Real Estate Association (BCREA) reports that 9,900 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, down 3.4 per cent from the same month last year. Total sales dollar volume was $6.57 billion in July, up 5.4 per cent compared to the previous year. The average MLS® residential […]

Home sales move off of record-breaking pace in July Metro Vancouver* homes sales resembled more typical levels in July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,226 in July 2016, a decrease of 18.9 per cent from the 3,978 sales recorded in July 2015 and […]

WHAT HAPPENS NEXT TO HOME PRICES?   Since 1981, prices have posted monthly year-over-year increases of 20% or more 46 times. An acceleration in prices is generally followed by a reversion of growth back to its long-run average within 12 months. In a number of periods, price growth has turned negative within 24 months, though […]

HOME BUYERS REMAIN ACTIVE ACROSS METRO VANCOUVER Residential property sales in the region totalled 4,400 in June 2016, an increase of 0.6 per cent from the 4,375 sales recorded in June 2015 and a decrease of 7.7 per cent compared to May 2016 when 4,769 homes sold. Last month’s sales were 28.1 per cent above […]

Demand remains elevated across the Metro Vancouver housing market Metro Vancouver homes continue to sell at an unprecedented rate in communities across the region.   Residential property sales on the region’s Multiple Listing Service® (MLS®) totalled 4,769 in May 2016, an increase of 17.6 per cent from the 4,056 sales recorded in May 2015 and […]

BCREA 2016 Second Quarter Housing Forecast Vancouver, BC – June 2, 2016. The British Columbia Real Estate Association (BCREA) released its 2016 Second Quarter Housing Forecast. To view the full BCREA Housing Forecast, click here. Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 12.3 per cent to a record 115,200 […]

Are you contemplating moving to beautiful Vancouver, BC? Then you should be aware of what the best paying jobs are in this bustling tech-hub city! To discover what the highest paying trades in Vancouver are, you first have to start by taking a deep dive into British Columbia’s economy itself. Vancouver leads Canada in new […]

Home sales remain at record levels across Metro Vancouver Last month was the highest selling April on record for Metro Vancouver.   Residential property sales in the region totalled 4,781 in April 2016, an increase of 14.4 per cent from the 4,179 sales recorded in April 2015 and a decrease of 7.6 per cent compared […]

March sales set an all-time record Metro Vancouver home sales eclipsed 5,000 in March for the first time on record. Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February […]

MORTGAGE RATES ON CRUISE CONTROL Highlights: • Financial market volatility keeping mortgage rates low • Fiscal policy to the rescue? • Bank of Canada unlikely to act on interest rates this year Canadian bond yields fell to as low as 0.48 per cent in the first quarter of the year, though have since bounced back […]