2020 homebuyer demographics

August 27th, 2020
Canadian real estate markets are enjoying one of their best summers ever, breaking national records as pent-up demand caused by the spring lockdown and low interest rates have brought buyers back to markets, says Phil Soper, president and CEO of Royal LePage.

“Our people are as busy now as they typically are in an economically healthy May,” says Soper. “It’s like an ocean — we had a small wa ...

real estate rebound

August 26th, 2020

What a difference a few months makes. July saw more homes trade hands in Canada than any other month in the history of CREA’s database going back more than 40 years. That coincides with REALTOR.ca visits being at an all-time high, with unique visitors increasing by more than 46% compared to the same time last year.

Home sales are up 30.5% across Canada, with 62,533 units sold in July 2020 co ...

Housing Market Snapshot

July 16th, 2020
The recent snapshot of housing markets across Canada seems to signal we’re on the upswing!

Home sales are up +15.2%, new listings up +4.8% and the average price of homes sold up +6.5% across Canada compared to same time last year.

While the different Canadian house markets seems to be picking up, it’s important to note these are still unprecedented times and it’s hard to predict what’s around t ...

real estate activity increasing

June 15th, 2020
Home buyer activity is increasing on Realtylink.org (Realtor.ca).

Home buyers are searching Realtylink.org, our Board’s public-facing home listings site, at a much higher rate compared to last month and last year.

Visitors to the site increased 13 per cent in the first half of June compared to the same time period in May 2020. Compared to the first two weeks of June 2019, traffic is up 30 p ...

Local Stats at a Glance

May 26th, 2020
NORTH VANCOUVER 
SALES

April 2020
Detached: 33 
Average Price: $1,780,000
Attached: 53
Average Price: $903,000
April 2019 
Detached: 67
Average Price: $1,840,000
Attached: 126
Average Price: $799,00
WEST VANCOUVER 
SALES
April 2020
Detached: 18
Average Price: $3,154,000
Attached: 4
Average Price: $927,500
April 2019
Detached: 35
Average Price: $3,1 ...

covid-19 and the housing market

April 24th, 2020
Covid-19 poses challenges for the real estate market.  Industry experts vary on projections.  Snippets of what some are saying include:
  • 'housing sector will crater this April'
  • 'significant market downturn'
  • 'if lockdown measures and the recession last longer than expected, downward pressure on prices is going to build up across the board',
  • 'housing market will experience a serious slowdo ...

covid-19 and real estate

April 20th, 2020
The Canadian economy has weathered three recessions in the past 40 years, each unique in cause, depth and duration. However, there is considerable similarity in how the BC housing market has both endured and recovered from those recessions.In this market intelligence, we examine the impact of past recessions on the BC housing market and provide preliminary projections on how COVID-19mayimpact ...

Current Market affecting West Vancouver and North Vancouver Owner's Equity

May 23rd, 2019
Reality is homeowners have seen a downturn in home equity resulting from government intervention re provincial property taxes that have been implemented over the past year, including the speculation and vacancy tax, the increase in the foreign buyers tax and the federal mortgage stress test.

Take a look at the infographic below showing recent equity loss in 15 Metro Vancouver areas including B ...