April 2020

Canadian Employment (March 2020)

Posted on Apr 09, 2020 in Economics

Job Losses - Canada March 2020Canadian employment plummeted in March, falling by 1.01 million jobs (-5.3%, m/m). The unemployment rate increased 2.2 percentage points from 5.6% to 7.8%, as government measures intended to limit the spread of COVID-19 led to the closure of non-essential businesses and travel restrictions.

Job losses were unsurprisingly right across the country, w...

Read More

Canadian Housing Starts (March 2020)

Posted on Apr 08, 2020 in Economics

BC Housing StartsCanadian housing starts decreased by 7.3% m/m in March to 195,174 units at a seasonally adjusted annual rate (SAAR). The decrease was broad-based with starts down in 7 of 10 provinces, signaling early signs of the impact of COVID-19 on construction activity. The trend in national housing starts fell to a still healthy average of 205,000 units SAAR...

Read More

Closing & commission costs when you sell a home in Vancouver

Posted on Apr 03, 2020 in Sellers Information

Closing costs when you sell your Vancouver BC propertyIf you're here, then you're probably thinking about selling your property in Vancouver, and you're wondering exactly what you'll walk away with after all your fees are paid. It's important to pay attention to these closing costs, especially when you're looking to purchase your next property.

Here's the breakdown, as a seller, what you will have to p...

Read More

March 2020 - Vancouver Real Estate Statistics

Posted on Apr 02, 2020 in Market Update

Home buyers and sellers adjust their activities in March amid challenging circumstances

Metro Vancouver’s* housing market saw steady home buyer demand to begin March and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential ho...

Read More

Commercial real estate sales decline in the Lower Mainland in 2019

Posted on Apr 01, 2020 in Market Update

Commercial real estate sales decline in the Lower Mainland in 2019Commercial real estate activity remains below the pace of recent years

Sales and dollar value activity in the Lower Mainland’s commercial real estate market declined in 2019 compared to long-term historical averages.

There were 1,538 commercial real estate sales in the Lower Mainland in 2019, a 32.8 per cent decrease from the 2,288 sales in 2018 and...

Read More