The Vancouver real estate market is undergoing a major shift. Just a few years ago, many Vancouver developers moved away from condo sales and into rental projects due to strong demand and rising rents. However, the landscape has changed, and…
The Bank of Canada has officially lowered its benchmark interest rate to 2.75%, marking its seventh consecutive cut. While this move is expected to provide some relief for homeowners renewing their mortgages, experts remain skeptical about whether it will truly…
As we step into March 2025, Metro Vancouver’s real estate market is showing signs of balance after a surge in new listings earlier in the year. If you’re a buyer or seller, understanding these latest trends will help you make…
British Columbia’s housing market is set for a year of mixed results in 2025. While resale activity is expected to rebound after years of slowdown, the rental market will likely experience softening with higher vacancy rates. Meanwhile, new home construction…
The Metro Vancouver real estate market is off to an active start in 2025, with a significant increase in new listings as sellers rush to enter the market. According to the latest report from Greater Vancouver REALTORS® (GVR), the number…
Metro Vancouver Real Estate Market Closes 2024 on a Strong Note VANCOUVER, BC – January 3, 2025 – December 2024 saw a notable uptick in home sales across Metro Vancouver, with transactions recorded on the Multiple Listing Service® (MLS®) rising…
Understanding the BC Home Flipping Tax: What You Need to Know The real estate market in British Columbia is set to experience a significant shift with the introduction of the BC Home Flipping Tax. This tax, part of the Homes…
VANCOUVER, BC – November 4, 2024 – After months of sluggish performance, Metro Vancouver’s housing market saw a sharp increase in buyer demand in October. Home sales surged by over 30% compared to the same month last year, marking a…
If you’re like most Canadians, you’re feeling the impact of fluctuating interest rates, housing prices, and an economy that’s been anything but predictable. Scotiabank’s Chief Economist, Jean-François Perrault, recently shared his thoughts on these critical topics and offered insights into…
The Bank of Canada recently announced a significant rate cut of 50 basis points, or half a percent, marking a major shift in the country’s interest rate environment. This “jumbo cut” has lowered borrowing costs substantially, prompting questions about what…