BC Government is Working to Strengthen Homer Buyer ProtectionTo better protect consumers in B.C.’s real estate market, the Province is introducing legislation that requires cooling off periods for resale properties and newly built homes. This change will be similar to the cooling off periods already in place for pre-construction condominium sales. BC Financial Services Authority (BCFSA) is ...

Metro Vancouver home buyers compete for fewer home listings in October   Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent de ...

Lower Mainland’s commercial real estate market sees strong activity in the second quarter of 2021   The increased activity seen in the Lower Mainland’s commercial real estate market in the beginning of 2021 carried into the second quarter (Q2) of the year. There were 726 commercial real estate sales in the Lower Mainland in Q2 2021, a 114.8 per cent increase from the 338 sales in Q2 2020, ...

Elevated home sale activity continues to outstrip the supply of homes for sale in Metro Vancouver    Home sale activity remains elevated across Metro Vancouver’s housing market while the pace of homes being listed for sale continues to follow long-term averages.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,149 in Septemb ...

Summer sees home listing supply decline across Metro Vancouver   While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales record ...

Commercial real estate facing “abnormal and uncertain environment” Promising data does not match reality on Vancouver streets as fourth wave of pandemic disrupts office and retail sectors The latest data that shows that Metro Vancouver’s commercial real estate sector should be prepping for a full-press recovery in September but the reality on the street paints a different, and troubling, ...

Steady sales, reduced listings and virtually unchanged home prices in July   Metro Vancouver’s housing market saw more moderate sales, listings and pricing trends in July compared to the heightened activity experienced throughout much of the pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,326 in July 2021, a 6.3 per ...

Vancouver rents rise to remain highest in Canada Two-bedroom rentals were up 7.7 per cent in May from a month earlier to $2,760 per month - and rents now average $3.04 per square foot Jun 17, 2021 7:02 AM By: WI Staff, Western Investor Rental rates may rise further as COVID-19 regulation ease, report warns. | REW.ca  Vancouver, Burnaby have among most expensive rents in Canada. | Rental ...

Home sale and listing activity in Metro Vancouver moves off of its record-breaking pace   The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187. ...

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank continues to provide extraordinary forward guidance on the path for the overnight rate, reinforced and supplemented by the Bank’s quantitative easing (QE) program. Effective the week of April 26, weekly net purch ...