December 2018 Real Estate Update

2020-12-17T19:00:55+00:00

Rising interest rates have resulted in a decrease in detached home prices in Greater Vancouver and in increased insolvencies across Canada. However, northern markets have not seen the same overall negative effects of rising interest rates couple with the more stringent mortgage stress test as seen in the Lower Mainland. Parts of northwest BC [...]

December 2018 Real Estate Update2020-12-17T19:00:55+00:00

November 2018 Real Estate Update

2020-12-17T19:00:55+00:00

The Chartered Professional Accountants (CPA) of Canada say the country is unlikely to experience the same housing market crash experienced by the U.S. a decade ago given the credit quality of today’s Canadian homebuyers. However, homebuyers who may be unable to qualify under the new mortgage stress tests are turning to private lenders, making [...]

November 2018 Real Estate Update2020-12-17T19:00:55+00:00

October 2018 Real Estate Update

2020-12-17T19:01:22+00:00

The BC real estate market, along with other areas in Canada, continues to show signs of recovering from the changes early in 2018 in government regulations with respect to stress testing and foreign buyers.  The approval of the LNG terminal in Kitimat, BC means that the $6 billion Coastal GasLink pipeline will also be [...]

October 2018 Real Estate Update2020-12-17T19:01:22+00:00

September 2018 Real Estate Update

2020-12-17T19:01:53+00:00

The BC real estate market is showing signs of recovering from the changes in government regulations with respect to stress testing and foreign buyers.  When adjusted for seasonal buying trends, there has been an overall increase in sales of 3.5%.  However, in Greater Vancouver, the Fraser Valley, Okanagan and Kamloops regions, homes and listings [...]

September 2018 Real Estate Update2020-12-17T19:01:53+00:00

August 2018 Real Estate Update

2020-12-17T19:01:53+00:00

Sales in Metro Vancouver continued to slide in the month of August with sales down 36% compared to August last year. The other major markets in the province had similar trends with the Fraser Valley being hit the hardest with a 38.5% decrease in sales compared to August 2017. Vancouver, the Fraser Valley and [...]

August 2018 Real Estate Update2020-12-17T19:01:53+00:00
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