October 2021

Canadian Employment (September 2021)

Posted on Oct 13, 2021 in Economics

 BC Real Estate Employment RatesCanadian employment grew for the fourth consecutive month in September, rising by 157,000 to 19.13 million (0.8%, m/m). During the survey period, several provinces had reintroduced or planned to reintroduce vaccine passports and indoor masking. Restrictions on international travelers entering the country were eased on September 7th, likely boosting...

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Record-Low Supply Keeps Market Conditions Tight in September

Posted on Oct 12, 2021 in Market Update

Housing Supply in Vancouver BCThe British Columbia Real Estate Association (BCREA) reports that a total of 9,164 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2021, a decrease of 19.9 per cent from September 2020. The average MLS® residential price in BC was $913,471, a 14 per cent increase from $801,241 recorded in September 2020. To...

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Vancouver Market Intelligence - October 2021

Posted on Oct 07, 2021 in Economics

Vancouver Real Estate - Covid 19• The unusual circumstances of the COVID-19 pandemic produced an unexpected and substantial increase in housing demand while the supply of listings fell. 
• As a result, buyers outnumbered sellers by as much as 2.5 to 1 in some months with markets in Victoria and the Fraser Valley seeing more than 7 potential buyers for every seller. 
• While demand ha...

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How to boost your credit score

Posted on Oct 05, 2021 in Also in the news

Vancouver Real Estate - Credit ScoreBuying your first Vancouver home is an incredible step in life, but it is not without its hurdles! One of which is demonstrating that you are creditworthy, which all comes down to your ability to manage credit. This is how lenders and credit agencies determine the interest rate you pay. A higher credit rating could mean a lower interest rate and sa...

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Greater Vancouver Real Estate Statistics - September 2021

Posted on Oct 04, 2021 in Market Update

September Vancouver Real Estate MLS ListingsHome sale activity remains elevated across Metro Vancouver’s housing market while the pace of homes being listed for sale continues to follow long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,149 in September 2021, a 13.6 per cent decrease from the 3,643 sales recorded...

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Canadian Monthly Real GDP Growth (July 2021)

Posted on Oct 01, 2021 in Economics

Real Canadian GDP - Vancouver Real EstateThe Canadian economy contracted 0.1 per cent in July following growth of 0.6 per cent in June. The level of GDP remains about 2 per cent below its pre-pandemic level of February 2020. The majority of Canadian industries actually grew in July, led by re-opening of many provincial economies which led to a strong increase in the accommodation and food...

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