Many Buyers who have been working from home are planning to continue to do so. Buyers want to upgrade to have better or more comfortable living space indoors and out. The following factors have stabilized the real estate market in the midst of a policy driven economic downturn.
Continue reading →update
August Market Update
“We’re seeing the results today of pent up activity, from both home buyers and sellers, that had been accumulating in our market throughout the year,” Colette Gerber, REBGV Chair said. “Low interest rates and limited overall supply are also increasing competition across our market.”
Continue reading →BC Housing Markets Bounce Back in June
“Sales around the province surged back to pre-COVID-19 levels in June,” said BCREA Chief Economist Brendon Ogmundson. “While there are some temporary factors that may have pushed demand forward, we are cautiously optimistic that market activity will remain firm.”
Continue reading →June Market Update
While sales were up in May compared to April, prices have remained stable. The new measures and procedures put into place have become normal. Buyers and sellers are comfortable with the new home buying and selling processes. We believe the pent-up demand and historically low interest rates will augment the market recovery
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT JUNE 3RD, 2020
Tiff Macklem assumes his role as the Bank’s tenth Governor today. He participated as an observer in Governing Council’s deliberations for this policy interest rate decision and endorses the rate decision and measures announced in this press release.
Continue reading →May Market Update
“Home prices have held relatively steady in our region since the COVID-19 situation worsened in March,” Gerber said.
Continue reading →Market Musings April 20 – 24, 2020
We are expecting prices to remain stable based on pent up demand, low interest rates and low inventory levels. Vancouver outperformed the Toronto market. Loss of momentum expected for Toronto, Montreal and Ottawa markets.
Continue reading →March Market Update
“Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace,” Ashley Smith, REBGV president said. “This was most pronounced in the condominium market.”
Continue reading →February Market Update
“We’ve begun 2020 with steady home buyer demand that tracks close to the region’s long-term average,” Ashley Smith, REBGV president said. “Looking at supply, we’re seeing fewer homes listed for sale than is typical
Continue reading →Accent Walls Are In: The 8 Best Bathroom Trends to Try in 2020
Latest bathroom trends? We talked to industry experts to find out which bathroom trends, both big and small, will be popular in the new year.
Continue reading →