June 2022 Market Update

Posted on Jul 14, 2022

Metro Vancouver home sales in June dropped 35% from 2021 amid higher interest rates.
The Real Estate Board of Greater Vancouver says last month's home sales dropped by about 35% since last June and 16% from May 2022 as houses remained on the market longer and interest rates rose.

The B.C. board says sales in the region totaled 2,444 last month, down...

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May 2022 Market Update

Posted on Jun 14, 2022

The regulator for British Columbia's real estate sector has recommended that the province adopt a so-called "cooling-off" period of three business days to protect people buying a home, through legislation tabled this spring.A report from the B.C. Financial Services Authority released Thursday advises that sellers be required to provide reasonable a...

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April 2022 Market Update

Posted on May 16, 2022

B.C. homes prices forecast to dip 3.8% next year following interest rate hikes (CTV News)

Rising interest rates will likely trigger a "modest price correction" in Canadian real estate next year, with B.C. and Ontario seeing the biggest drops, according to a new housing forecast.

Royal Bank of Canada is predicting the aggregate benchmark price will de...

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March 2022 Market Update

Posted on Apr 10, 2022

The British Columbia government says people buying homes in the province's hot real estate market could soon be protected by a cooling-off period that gives them time to back out of an agreement. Finance Minister Selina Robinson says the Property Law Amendment Act introduced in the legislature today will help build the framework for a protection pe...

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February 2022 Market Update

Posted on Mar 11, 2022

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January 2022 Market Update

Posted on Feb 08, 2022

Even after shattering all sorts of records in 2021-for high sales and prices and low inventories-Canada's housing market isn't about to buckle. Plenty of unmet demand remains and will continue to fuel tremendous activity across the country. Still, we expect the Bank of Canada's rate liftoff to turn down the market's heat in 2022 as deteriorating af...

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