Posts Tagged ‘Real Estate Trends’
Exploring Fraser Valley’s Real Estate Landscape: February 2024 Insights
Welcome to a comprehensive overview of Fraser Valley's real estate landscape, where February 2024 statistics shed light on the current market trends. Whether you're a prospective buyer or seller, understanding the recent dynamics in Fraser Vall...
Fraser Valley Real Estate Insights – January 2024
In the Fraser Valley real estate, Surrey and its neighboring areas offer diverse opportunities for both buyers and sellers. Let's explore the detached and attached housing markets in Surrey, South Surrey White Rock, North Delta, Cloverd...
Vancouver-Area Home Sales Rebound in May, Driving Price Increases
Introduction: Home sales in the Vancouver area experienced a significant rebound in May, according to the Real Estate Board of Greater Vancouver (REBGV). Sales increased by 15.7 percent compared to the same period last year, accompanied by ris...
Kelowna house prices dip below $1 million mark
The benchmark price for single-family homes in Kelowna has dipped below $1 million, marking a significant 13.3% drop since April 2022. The Association of Interior Realtors (AIR) reported a 3.5% monthly decrease, bringing the benchmark...
Canadian Housing Starts in May 2023: A Comprehensive Overview
The Canadian housing market faced challenges in May 2023, witnessing a significant 23% decline in housing starts. This blog breaks down the key findings, providing a simple look at the overall state of the Canadian housing market and sp...
Bank of Canada Raises Overnight Rate as Economy Gains Momentum
The Bank of Canada (BoC) recently increased the overnight rate to 4.75%, signaling a shift after a temporary pause. This decision, influenced by a strong housing market, aims to balance supply and demand and maintain sustainable inflation. Howe...
B.C. Housing Market Shows Strong Growth in May, Defying Expectations
Introduction: The residential housing market in British Columbia (B.C.) experienced significant growth in May, defying expectations in the face of high mortgage rates. Despite rising interest rates, home sales in Metro Vancouver and across the...
BC Home Sales Forecast: Navigating Market Shifts
British Columbia's housing market dynamics are set to experience a significant decline. The BC Real Estate Association predicts a 34.4% drop in home sales this year, following a record-setting 2021. They anticipate another 11.4% dip...