As we approach the dawn of 2024, the real estate market is undergoing a significant shift, prompting both buyers and sellers to reassess their strategies. In this blog post, we’ll delve into the current market dynamics and explore what to expect in the coming year, offering insights for navigating the evolving 2024 real estate market.
Continue reading →Market Update
Bank of Canada Rate – Overnight Rate Holds at 5%
In a pivotal decision, the Bank of Canada maintains its overnight rate at 5%, emphasizing a commitment to quantitative tightening. As economic indicators fluctuate globally, the impact resonates within Canada’s borders.
Continue reading →
Vancouver Real Estate Market Update – October 2023
In this Vancouver real estate market update for October 2023, we explore the impact of increasing property listings and analyze what this means for homeowners, homebuyers, and sellers in the area.
Continue reading →
Fall Market Insights: Navigating the Fall Real Estate Market
As the leaves change colors and the air turns crisp, the real estate market experiences its own seasonal shifts. Fall is a season of transformation, and this applies to the housing market as well. In this blog, we’ll delve into the fall market insights to help buyers, sellers, and investors make informed decisions during this dynamic season.
Continue reading →
Canadian Housing Market Trends: August 2023 Report
In August 2023, the Canadian housing market exhibited notable month-over-month and year-over-year trends, providing valuable insights for both buyers and sellers.
Continue reading →
Consumer Price Index: Understanding Canada’s Rising Prices
In the realm of economic indicators, the Consumer Price Index (CPI) serves as a vital barometer, reflecting the cost of living in Canada. The latest data for August 2023 unveils intriguing trends and implications for both policymakers and the general populace.
Continue reading →
Navigating the Canadian Housing Market: August 2023 Insights
When it comes to the Canadian housing market, staying informed about trends and fluctuations is essential. In August 2023, housing starts across the nation underwent some notable changes. Let’s dive into the latest statistics and what they mean for homeowners and prospective buyers.
Continue reading →
The Importance of the 10-Year Average in Understanding the Housing Market
The housing market is a dynamic and complex ecosystem influenced by a multitude of factors, ranging from economic conditions and interest rates to government policies and local supply and demand. As prospective homebuyers, sellers, investors, and policymakers navigate this intricate landscape, one invaluable tool emerges as a guiding light: the 10-year average.
Continue reading →
July 2023 Market Update
“What’s interesting to see in the current market environment is that, while the Bank of Canada rate hike this July was only a quarter of a per cent, mortgage rates are now at the highest levels we’ve seen in Canada in over ten years,” Lis said. “Yet despite borrowing costs being even higher than last July, sales activity surpassed the levels we saw last year, which I think says a lot about the strength of demand in our market and buyers’ ability to adapt to and qualify for higher borrowing costs.”
Continue reading →Vancouver Real Estate Market Update: Surging Demand Meets Limited Inventory
Continuing the notable trend witnessed this year, the benchmark price for all home types in Metro Vancouver experienced further growth in June. The region’s home buyer demand intensified, causing a collision with a scarcity of available homes for sale. The outcome? Rising prices and a market that continues to exceed expectations across all segments.
Continue reading →