real estate

May 7, 2022

Richmond Real Estate Market Update April 2022

Home sales have eased down from the record-breaking pace of the last year. While still a small sample size, the return a to more normal traditional pace of home sales experienced so far this spring provides hopeful homebuyers or time to make decisions.

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May 5, 2022

New Rules For Real Estate Taxation

The proposed federal budget for 2022 has introduced a number of new rules relating to real estate, including new rules to dampen speculation in the Canadian real estate market (for a full list of the housing affordability measures announced,(click here). 

Investors should be generally aware of these changes ...

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May 4, 2022

Metro Vancouver home sales return to more traditional levels in April

Home buyer demand in Metro Vancouver* returned to more historically typical levels in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April ...

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May 2, 2022

COVID-19 Recovery Dashboard

The BCREA Economics team has created the COVID-19 Recovery Dashboard to help REALTORS® monitor BC’s economic recovery. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province’s state of emergency.

To monitor the province’s progress, we benchmark each indicator to ...

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April 28, 2022

‘Intense’ price drops coming to Vancouver housing market next year: RBC

Homes prices to drop in B.C. more than any other province amid rate hikes, according to bank

Homes prices to drop in B.C. more than any other province amid rate hikes, according to bank

Metro Vancouver’s housing market may have met its match.

The Bank of Canada has ...

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April 28, 2022

Reality Check: Interest Rates Are Rising, Securing A Mortgage Now is Best for Buyers

Last week, the Bank of Canada announced an increase in interest rates by 50 basis points. This is the second increase of the year but not expected to be the last. As interest rates rise, so does the stress test qualifying rate which is two percentage points higher than the ...

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April 26, 2022

Neighbourhood Guide: Richmond BC

Just outside of Vancouver’s city limits, you’ll find Richmond, a city that brings diversity to new heights. From sprawling farmland and beaches that stretch as far as the eye can see to the Airport and bustling urban centre, Richmond B.C., Canada has a lot to offer — especially if ...

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April 25, 2022

City of Richmond Affordable Housing Guide

Richmond is home to a range of affordable housing options for low and middle income households, including individuals, families, persons with disabilities, and seniors. This guide contains information on how to apply for a range of affordable housing options available in the city.

The Affordable Housing Guide is divided into four sections based ...

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April 24, 2022

Strong First Quarter for BC Housing Markets, But Rising Rates Loom Large

The British Columbia Real Estate Association (BCREA) reports that a total of 11,463 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2022, a decrease of 24.1 per cent from a record March 2021. The average MLS® residential price in BC was $1.096 ...

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April 23, 2022

Bank of Canada hikes benchmark interest rate to 1%

Biggest one-time increase in central bank's rate since 2000

Tiff Macklem, governor of the Bank of Canada, said that higher interest rates are going to be necessary to bring down high inflation

The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per ...

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