Market News

More supply and less demand seen across Metro Vancouver housingmarket

Posted on Oct 02, 2018





The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 1,595 in September 2018, a 43.5 per cent decrease fro...

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Home buyer demand stays below historical averages in August

Posted on Sep 05, 2018


The Metro Vancouver* housing market continues to experience reduced demand across all housing types.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 201...

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New CMHC measures to help self-employed Canadians buy a home

Posted on Aug 17, 2018

If you're self-employed, you're part of a growing trend. About 15 per cent of Canada’s workforce is now self-employed, a group that typically finds it more difficult to qualify for a mortgage because their income may vary or be less predictable. As of October 1, 2018, Canada Mortgage and Housing Corporation (CMHC) mortgage loan insurance will be av...

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Housing supply up, demand down across Metro Vancouver

Posted on Aug 01, 2018

July’s residential housing sales in Metro Vancouver* reached their lowest levels for that month since the year 2000. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 per cen...

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Buyers less active today

Posted on Jul 04, 2018

Home seller supply grows as demand declinesWith home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver reached a three-year high in June.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline fr...

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Property taxes and your options

Posted on Jun 26, 2018

Property taxes are due early in July. If you’re a property owner unable to pay your property taxes on your principal residence, you may be eligible for the BC Property Tax Deferment Program. This is a low-interest loan program that lets qualifying property owners defer part, or all, of their property taxes on their principal residence. For more inf...

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