Under Market Stats

Reduced demand + increased supply remain the trend across Vancouver’s housing market

“There are more homes for sale in our market today than we’ve seen since October 2014. This trend is more about reduced demand than increased supply,” Smith said. “The number of new listings coming on the market each month are consistent with our long-term averages. It’s the reduced sales activity that’s allowing listings to accumulate.” [read more]

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Market Update: Squamish Townhomes January 2019

With that being said, home Buyers are still looking to Squamish for its mix of small town feel, access to excellent job markets in Whistler and Vancouver, outdoor lifestyle and general affordability compared to neighbouring communities. If you're a first time buyer with a young family, you can buy a nice 3 bedroom townhome in Squamish starting in the high $500's in the resale market. [read more]

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Ten ways to reduce housing prices in Metro Vancouver

3. Allow basement suites in duplexes, townhouses, and apartments. Basement suites provide a significant amount of affordable housing. However, they’re generally not allowed in duplexes and townhouses. Municipalities should change zoning to allow this form of housing. They should also allow “lock-off suites” within apartments, such as those at SFU’s UniverCity. Think of them as “mortgage-helpers in the sky”. [read more]

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Vancouver Home Prices Will Be Higher This Time Next Year: Leading Economist

The “policy shock” of the new foreign buyer tax has created a “temporary market disruption” that will play out over the next three to six months, after which “market fundamentals” will mean the market recovers, according to a leading economist. [read more]

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Vancouver presales figures breaking records

Almost all of the presale units in projects under construction downtown are spoken for and sales so far this year have broken records, according to developers. Industry watchers say it’s too soon to tell when or how a slowdown in the resale market will catch up with presales. [read more]

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Government to introduce a 15 per cent foreign buyer tax effective Aug 2

The provincial government will implement a 15 per cent foreign buyer tax on all residential transactions effective August 2, 2016. The tax will be added to the Property Transfer Tax and will apply to all residential properties purchased by foreign nationals or foreign-controlled corporations. [read more]

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Dr. Sherry Cooper: Restrictions on Foreign Ownership of Real Estate

In a surprise move, British Columbia introduced a new 15 percent property transfer tax on foreign real estate buyers in Vancouver on Monday, action intended to calm soaring prices. The new tax would apply to buyers who are neither Canadian citizens, nor permanent residents. [read more]

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Robust B.C. house sales and rising prices continue through 2018, forecasts Central 1 Credit Union

Riding on the coattails of strong housing momentum in the south coast markets, provincial housing sales and prices will reach a new zenith this year, with robust sales and price gains continuing through 2018, says the latest housing forecast by Central 1 Credit Union (Central 1). [read more]

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North Vancouver Market Update: March 2016

North Vancouver residential real estate market conditions continue favour Sellers across all products types (detached homes, townhomes and condos), with well below seasonal averages for total active listings and record setting sales volume pace carried over from the past few months. [read more]

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