After reviewing home sales affected by several Bank of Canada rate cuts, GVR economist, Andrew Lis, indicates things might be changing. (2 minute read)
Metro Vancouver home sales registered a strong finish to cap off 2024, signalling strengthening demand-side momentum as we move into the new year. (2:44 minute video)
Home sales rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase in October. (2:25 minute video)
Conditions in January began shifting back in favour of sellers as the pace of newly listed properties didn't keep up with home sales. (2:33 minute video)
Housing market ends 2023 with a balanced market, but totals mask surprising resilience despite highest borrowing costs in over a decade. (2:27 minute video)
Home buyers with less than a 20 per cent down payment applying for a high-ratio mortgage with a regulated financial institution are typically offered a contract mortgage interest rate.
Higher borrowing costs begin to affect the housing market, with price gains cooling and sales slowing along the typical seasonal pattern. (2:25 minute video)
With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback. (1 minute read, 2:14 minute video)