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housing markets across canada

June 18th, 2020
Check out this great infographic giving a glimpse into Covid-19's effect on Canadian housing markets this past May:
  • home sales down -39.8%,
  • new listings down -38.1% and
  • the average price of homes sold down -2.6% across Canada from May 2019.
While some things have slowed down, it's hard to tell whether these changes are temporary or here to stay.  For now, as provinces and territories ...

homebuying and mortgage lending insights

June 17th, 2020
The old real estate adage tells us that the 3 most important things to look for in a property are "location, location, location".  

According CMHC recent survey, for the majority of Canadians who bought a home over the past year, the most important factors affecting their decision were price and affordability.

When asked to name their top 3 "must haves" in a home, more than 66% of the b ...

real estate activity historically still low

June 17th, 2020
May was one of those “on the one hand … on the other hand” kind of months for housing data in Canada.

On the one hand, both sales and new listings were up on a seasonally adjusted basis in May compared to April—57% for sales and 69% for new listings—huge percentage increases, albeit from a very low starting point.

On the other hand, sales and new listings are still historically very low at ...

Housing Market Insights

June 8th, 2020
Prices have remained steady for the Vancouver area since provincial health officials implemented social distancing, self-isolation and quarantine measures mid March of this year.

For a closer look the May 2020 benchmark price compared to last year and the past month, long term projections for the real estate market and real estate facts and trends click on the monthly ‘Market Insights’ video ...

Housing Market Insights

May 12th, 2020

The uncertainty of the covid situation has limited April listing and sale activity.
You might be thinking how much is listing and sale activity compared to from last year or last month?
We know home prices are driven by supply and demand.
You may be questioning where are home prices if supply and demand are down?
Take a closer by watching the video below to learn just how much home sales and list ...

Housing Market Insights

April 7th, 2020
Our housing market saw steady home buyer demand the beginning of March. 
However market demand levelled off as the month went on because of concerns of the covid-19 outbreak intensified. 
At first glance March market numbers are deceiving. Learn more about March real estate market insights in the video below:

Housing Market Insights

March 10th, 2020
This February saw strong home buyer demand!

Learn more in the video below how much demand has improved year-over year in February, how home sales struggled to keep pace, what the sales-to-active listings ratio is suggesting re type of market if sustained for a period of time, and the trend of prices.

housing market insights

February 12th, 2020

Home sale and price activity remain steady in Metro Vancouver to start 2020 while home listing activity declined in January.

Realtors registered 1,571 sales on our regions MLS in January.  This is +42% above last year’s January total and about -7% below our 10 year average for the month.

Looking at supply we are seeing few homes listed for sale than is typical for this time of the year.

Se ...

housing market insights

January 10th, 2020

The Metro Vancouver housing market experienced below average home sale activity in 2019.  As well, moderate price declines.  Here is a closer look!

Realtors helped their client’s sell 25,351on MLS last year.  This is a +3% increase from 2018 and -20% below the 10 year average.  However, the total number of sales only tells part of last years story.  Our market did not follow typical seasonal ...

Housing Market Insights

July 12th, 2019

With homebuyer demand below our long term historical averages in June, the supply of homes for sale in Metro Vancouver continue to accumulate.

REALTOR®’s registered 2,077 home sales on MLS® in June. The lowest sales total for the month since 2000.  This is a decrease -21% over last month and -35% below our 10 year June sales average.

On the supply side 4, 751 homes were new listed for sale ...

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