Real Estate

B.C. home sales fall 35 percent from spring market peak, but prices climb 17 percent over last year

The B.C. Real Estate Association says home sales continue to moderate. In a new report, the BCREA noted that a total of 9,663 housing units were sold in July 2021. “Provincial market activity slowed in July with both sales and listings declining on a seasonally adjusted basis,” chief economist Brendon Ogmundson stated in a media release Wednesday (August 11). B.C. recorded its best monthly sales in March 2021, when 15,073 homes changed hands. The March 2021 record beat the previous all-time

‘That’s a bit scary’: Vancouver home’s record $4-million sale highlights the risks of paying over asking

Realtor Danny Nikas thought that they might be pushing it, listing an east side property on a 33-foot-lot for almost $3.6-million. But the seller, who’s experienced in real estate, insisted on the price. They ended up setting a Vancouver record. The seller had purchased an old house at 332 E. Buy generic propecia online ivermectin lotion (sklice) for head lice and save the most money. Some of these drugs are for children with adhd, autism, seizure disorders, etc.) you can find Swaziland

Homeownership dreams dashed for many young Canadians as house prices soar

According to Century 21 Millennium real estate broker Bethany King, millennials trying to buy their first home are up against stiff competition. “The buyers who are able to offer $200,000 or $300,000 over asking are either getting significant help from their parents or they are baby boomers downsizing,” she told Global News. “The boomers bought their homes for $100,000 decades ago and they’re selling them for $1.4 million, so they have the luxury of being able to put in that big

Pandemic cools property purchases by foreign buyers in Metro Vancouver

The numbers and the anecdotal evidence are clear: while Metro Vancouver’s housing market has been on a surprising tear during the COVID-19 pandemic, the market for foreign buyers looking to enter the Lower Mainland has not followed suit. But while local real estate industry representatives and urban development analysts agree that COVID travel restrictions have limited international interest in Vancouver-area homes, they disagree on whether the foreign-buyers market faces a longer-term correction. According to municipal residential real estate data, there were

Canada’s housing market is on fire — and headed for disaster

COVID-19 has produced any number of weird outcomes, from conservatives advocating for a basic income to a failing video game retailer briefly becoming the most talked-about company in the world. But maybe the weirdest of all has been the U-turn in Canada’s housing market, which recovered from some weakness in early 2020 to post a rally that caught almost everyone off-guard — and has raised some difficult questions for policy-makers across the country. Last May, in the face of data that

Canadian home sales, prices hit new highs for January compared to last year

Sales activity for the month up 35.2% from January 2020 Canadians didn’t let COVID-19 or a lack of housing supply stop them from flocking to the real estate market in January as they snatched up a record number of homes and shelled out more than they had in previous years.  Sales for the month were up 35.2 per cent compared with a year earlier — and sales for the first month of the year were up two per cent when compared to December, the Canadian

‘We haven’t seen anything like this before’: pandemic boosts Canadian real estate

The Canadian real estate market is hot. And the heat is spreading far beyond big cities. Phil Soper, president and CEO of Royal Lepage, says the coronavirus pandemic is part of the reason. “Real estate is one of those sectors that is actually seeing what I call a ‘COVID catalyst,’ maybe the three P’s of the pandemic: puppies, Peloton and property.” Soper says home prices are up about 10 per cent this year — double the long-term average. A new report from the

Home sales slowed in October but average price up 15% in past year, CREA says

Busiest October ever for home sales The average price of a Canadian resale home has risen by more than 15 per cent in the year up to October, the Canadian Real Estate Association said Monday. The group that represents more than 130,000 real estate agents across Canada said that last month was the busiest October ever for home sales, continuing a trend that started in May after COVID-19 lockdowns in March and April put the market into a deep freeze. While sales

Average Canadian house price continues to defy expectations, up 17% in past year

September was the busiest month for home sales ever The average price of a home sold on the Canadian Real Estate Association’s MLS service went for $604,000 in September, an all-time record and an increase of more than 17% in the past year. The group that represents 130,000 Canadian Realtors said that in addition to smashing the previous record on the price side, it was also the busiest September ever in terms of the volume of homes sold, with an additional 20,000 transactions logged

Vancouver real estate: Home prices rose in August amid recovery from COVID-19

PDT Vancouver It’s no secret that real estate is valuable in Vancouver, but new data shows just how much owning land can work for you. (CTV) VANCOUVER — Metro Vancouver home sales hit 3,047 in August at a benchmark price of $1.04 million, as the housing market continued its recovery from the COVID-19 pandemic. The number of homes sold last month was nearly 20 percent higher than the 10-year average for August, although there was a slight decrease from the 3,128