February 2021

Canadian 5-Year Bond Yield Surges

Posted on Feb 26, 2021 in Mortgage News

Mortgage Rates VancouverIn an unprecedented move, bond yields are spiking around the world. Yields globally are now at levels last seen before the coronavirus spread worldwide. At the same time, commodity prices are surging, including energy, metals and minerals, agricultural products and lumber. The Biden administration's $1.9 trillion stimulus package is has triggered f...

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Canadian home sales hit an all-time record high in January

Posted on Feb 18, 2021 in Market Update

Top Vancouver RealtorHousing Continued to Surge in January

Today the Canadian Real Estate Association (CREA) released statistics showing national home sales hit another all-time high in January 2021. Canadian home sales increased 2.0% month-on-month (m-o-m) building on December’s 7.0% gain. On a year-over-year (y-o-y) basis, existing home sales surged 35.2%. As the char...

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Canadian Inflation (January 2021)

Posted on Feb 17, 2021 in Economics

Vancouver Real Estate Inflation RateCanadian inflation, as measured by the Consumer Price Index (CPI) rose by 1.0% in January year-over-year. The increase was largely due to higher gasoline prices (6.1%). Excluding gasoline, the CPI rose by 1.3%, which is up from 1.0% in December. Prices rose in seven of eight components year-over-year in January. Growth in the Bank of Canada's three...

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A Record-Setting Start to 2021

Posted on Feb 11, 2021 in Market Update

MLS Listings & Sales - Greater Vancouver - Fraser ValleyThe British Columbia Real Estate Association (BCREA) reports that a total of 7,169 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2021, an increase of 63.3 per cent over January 2020 and over a thousand sales higher than the previous record for the month of January. The average MLS® residential price in BC w...

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Canadian Unemployment - January 2021

Posted on Feb 07, 2021 in Economics

Canada Employment Numbers January 2019Canadian employment lost 213k jobs in January (-1.2%, m/m), representing the second consecutive decline since April 2020. This left the employment level 4.5% below its February 2020 pre-pandemic level. The decline was once again led by part-time employment, while full-time positions continued to see improvements in January. Job losses were concentr...

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Greater Vancouver Real Estate Statistics - January 2021

Posted on Feb 02, 2021 in Market Update

January 2021 Real Estate - MLS Listings VancouverHome buyer demand remains elevated across Metro Vancouver.

In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled...

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