real estate

Feb. 2, 2023

Canadian Real Estate Association (CREA) Forecasts Housing Turnaround in 2023

The Canadian Real Estate Association (CREA) forecasts a slight drop in sales in 2023 with a substantial turnaround in 2024. Take a look at the price predictions.

Feb. 2, 2023

Home sales decline below long-term averages and inventory remains low to start 2023

Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales ...

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Jan. 30, 2023

BC government introduces “cooling off” period for home sales

On July 21, the provincial government introduced a home buyer protection period, the details of which are outlined in a new regulation that allows home buyers to back out of a residential purchase up to three business days after signing a contract.

The government began to enforce this regulation starting ...

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Jan. 30, 2023

Monthly Real Estate Market Update for Greater Vancouver December 2022

Jan. 30, 2023

What is Buyer’s Remorse and How Do You Get Over It?

 

You’ve been viewing homes for a while now and finally bite the bullet and submitted an offer on a home. Your offer is accepted and you go to bed that night elated and excited. But then, you wake up the next morning, asking yourself troubling questions:

Did I spend ...

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Jan. 30, 2023

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022 

After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.  ...

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Jan. 29, 2023

First Time Home Buyers Guide in Richmond, BC, Canada

Congratulations on taking the first step towards owning your first home in Richmond, BC! Buying a home can be an exciting and overwhelming process, especially for first-time buyers. But don't worry, with a little preparation and education, you'll be on your way to finding your dream home in ...

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Jan. 26, 2023

B.C.'s housing market nears 'cyclical bottom:' RBC

Canada’s housing market is inching closer to its “cyclical bottom,” and British Columbia is following suit, with home resale activity in the province gradually stabilizing, according to a recent housing market update from the Royal Bank of Canada (RBC) (TSX:RY).

This has implications for the rest of B ...

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Jan. 25, 2023

NEWS Bank of Canada Interest Rate Update

The Bank of Canada raised its overnight policy rate by 25 basis points to 4.5 per cent this morning. In the statement accompanying the decision, the Bank noted that recent economic growth in Canada as been stronger than expected and labour markets remain tight but it sees growing evidence ...

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Jan. 23, 2023

Richmond Market Update December 2022