Latest Vancouver Real Estate News

Canadian Inflation (September 2022)

Posted on Oct 22, 2022 in Economics


Change in Real Estate CPI ComponantsCanadian prices, as measured by the Consumer Price Index (CPI), rose 6.9 per cent on a year-over-year basis in September, down from 7 per cent last month. This was the third consecutive month of decelerating price growth driven primarily by declining gasoline prices. Excluding energy, the CPI rose 6.3 per cent year over year in September, up from 6...

Read More

Vancouver Real Estate Statistics - September 2022

Posted on Oct 04, 2022 in Economics

September Vancouver Real Estate Statistics - Yaletown Best RealtorMetro Vancouver saw more home sellers and fewer buyers in September

Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022...

Read More

BC Real Estate Association - Mortgage Rate Forecast

Posted on Sep 23, 2022 in Mortgage News

Mortgage Rate Outlook

Volatility continued in the Canadian mortgage market over the third quarter. Financial markets are currently digesting a complex economic environment as still high, though perhaps peaking, inflation collides with anxiety over a potential recession. That anxiety has expressed itself as volatility across Canadian bond markets wit...

Read More

Inflation Cooled Again in August, But Higher Rates Still Coming

Posted on Sep 20, 2022 in Economics

Inflation Cooled Again in August, But Higher Rates Still ComingCanada's headline inflation rate cooled again in August, even a bit more than expected. The consumer price index rose 7.0% from a year ago, down from 7.6% in July and a forty-year high of 8.1% in June, mainly on the back of lower gasoline prices.

The CPI fell 0.3% in August, the most significant monthly decline since the early months of the COVID-1...

Read More

Housing Softens Again in August

Posted on Sep 16, 2022 in Market Update

Housing Softens Again in AugustThe full effects of the most recent rate hikes have not yet manifested. Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates continued in August, albeit at a slower pace. Home sales recorded over Canadian MLS® Systems fell by 1.0% between July and Au...

Read More

Canadian Housing Starts (August 2022)

Posted on Sep 16, 2022 in Economics

 Canadian Housing Starts (August 2022)Canadian housing starts fell by 7.7k (2.8 per cent) to 267.4k units in August at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were up from August of 2021 (2.5 per cent). Single-detached housing starts rose 1 per cent to 73.4k, while multi-family and others declined 4.2 per cent to 194k (SAAR).

In British Columbia, star...

Read More

What's your home worth in today's market?

Get a free home evaluation today...