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)
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)
Property taxes in BC are due the first business day after July 1. If you buy a home at another time, you may have to pay a share of the year to avoid a penalty.
With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback. (1 minute read, 2:14 minute video)
The federal government’s ban on new foreign ownership of residential property becomes law on January 1, 2023. Here's what you need to know. (3 minute read)
What is the Bank of Canada considering when it comes to interest rates - and how will this help us understand what's going to happen to rates in the future? (5 minute read)
Births, deaths, migration – what do these have to do with the housing market? Andrew Lis explains in the latest episode of The Lede. (2:54 minute video)
Our latest economic analysis takes a deeper look at housing supply trends in Metro Vancouver and the ratio of buyers to sellers who've been active in the market throughout the pandemic.
Positive employment trends, like falling unemployment and an increase in higher earning jobs, support rising housing demand, according to the Metro Vancouver Jobs Report published by REBGV Economist Keith Stewart.
Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.
Metro Vancouver is facing a housing affordability crisis. Home prices continue to rise, and the inventory of homes for sale is insufficient to meet today’s demand.
Read about the federal government’s plans to implement a national, annual one-per-cent tax on non-resident, non-Canadian owned residential vacant or underused real estate.
Read this report that takes stock of what has happened in Metro Vancouver’s housing market within the pandemic and what we can expect in the months ahead.
The provincial speculation and vacancy tax applies to airspace above buildings classed as residential. The government will temporarily remove this tax for one year.
To help stop the hidden ownership of real estate and prevent money laundering and tax evasion, the BC government has introduced legislation and an owner registry.
In a busy real estate market, homes are bought and sold at a faster pace than usual. This can create a sense of urgency that causes home prices to rise.
The BC government announced plans to extend its rental supplement program and moratorium on rent increases, while relaxing some of the rules around the eviction ban.
The COVID-19 pandemic has reduced activity in Metro Vancouver’s housing market since mid-March, but home prices have remained steady throughout the last 12 months.