Category: Uncategorized
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Early-Q2: BC Home Sales Drop Sharply Amid Correction
British Columbia home sales ↓ 14.6% yearly in April 2025 amid market cooling. Price declines in BC’s expensive markets signal a broader market correction underway
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Credit Score Impact on Mortgage – Definition, Meaning, and Examples
Sales-to-new-listings ratios (SNLR) vary across Canadian markets, with Toronto and Vancouver showing deep buyers' markets due to high supply and slow condo sales. Nationally, inventory is rising but affordability remains challenging despite slight improvements. InterRent REIT plans a $2 billion privatization deal with a go-shop period for other bids. Canopy Towers in Mississauga progresses with…
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B.C. touts speed of major housing program to mark one-year anniversary
British Columbia's government marked the first anniversary of its BC Builds housing program with the groundbreaking of a 179-unit rental building in North Vancouver, developed in just 14 months. Housing Minister Ravi Kahlon announced that 1,400 homes are currently underway, with nearly 2,500 more in early development. The $950 million program aims to expedite rental…
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Fraser Valley’s Buyer’s Market: 10% Sales Ratio in Early-Q2
Fraser Valley now has over 10,000 active listings—its highest home inventory in more than a decade. April home sales rose just 1% month-over-month and dropped 29% year-over-year to 1,043 transactions.
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Will Canada’s Home Prices Crash Harder Than Expected?
Home prices in Canada are projected to fall by 3.2% in 2025 due to economic uncertainty. TD Economics downgraded forecasts after weaker-than-expected sales and price declines in Q1 of 2025.
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Canada Housing Market: Tariffs Stall Spring
Canada’s spring housing market is slowing due to economic uncertainty and U.S. tariff concerns affecting buyers and sellers. Home sales dropped 9.8% in Mid-Q1, with prices declining 3.3% and new listings falling 12.7%.
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Spring market brings abundance of opportunity for buyers
Home sales in Metro Vancouver fell nearly 24% year-over-year in April 2025, continuing a slowdown despite improved borrowing conditions. Sales totaled 2,163, 28.2% below the 10-year average. Listings rose 3.4% to 6,850, with inventory up nearly 30% from last year. The benchmark home price dropped 1.8% to $1,184,500. Sales-to-listings ratios suggest downward price pressure, benefiting…
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Mid-Q1 Home Sales Drop 10.4% Yearly
In February 2025, home sales in Canada fell to their lowest level since November 2023 amid trade war uncertainty. February home sales ↓ 10.4% yearly and ↓ 9.8% MoM on a seasonally adjusted basis.
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Canadian Rents Fall: A 4.8% Decline
Average asking rents in Canada dropped by 4.8% in Mid-Q1, reaching their lowest level since July 2023. Despite declines, rents remain 5.2% higher than in 2023 and 16.9% above pre-COVID levels.
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Here’s a look at South Delta’s real estate numbers
Home sales in Metro Vancouver dropped nearly 24% year-over-year in April 2025, continuing a slowdown despite improved borrowing conditions. Sales were 28.2% below the 10-year seasonal average. Economic uncertainties and political factors have caused buyers to hesitate. Benchmark prices for single-detached homes in Ladner and Tsawwassen remained stable but were slightly down from last year,…