Home Sales in 2022 Decreases After the Record in 2021
Posted on Jan 13, 2023 in Market Update
Home Sales Decline in 2022 After a Record 2021
The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 percent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 percent incr...
Homeowners' Equity has Grown over the past 12 months
Posted on Jan 10, 2023 in Market Update
Homeowners Still Have Positive Equity Gains over the Past 12 Months
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.
Equity is the current value of your home minus what you owe on the loan.
Canadian Jobs Report Boosts Chances of 25 bps Rate Hike on Jan 25
Posted on Jan 07, 2023 in Market Update
Employment Report Ended 2022 With A Boom
Today's Labour Force Survey for December was much stronger than expected, raising the odds of a 25 bps increase in the policy rate by the Bank of Canada on January 25th. While the Bank has hiked rates by 400 bps to 4.25%, core inflation remains sticky, wages have risen by more than 5% for the seventh consecut...Vancouver Real Estate Market Update - December 2022
Posted on Jan 06, 2023 in Market Update
Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022
After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.
The Real Estate Board of Greater...
Vancouver Bucket List - January 2023
Posted on Dec 27, 2022 in Community
Vancouver Bucket List brings you a selection of the best upcoming events in Vancouver for next month. Check out the events below and let us know in the comments which you'll be attending, or if there's anything that we've missed that should be included.
King Tut Immersive Experience
King Tut Immersive Experience
Now Until January 14th 2023.
Vancouver Convention Centre
999 Canada Pl...
Canadian Monthly Economic Growth Increases
Posted on Dec 24, 2022 in Economics
Canadian Monthly Economic Growth (October 2022)
Canadian real GDP edged up by 0.1 percent in October, following a 0.2 percent increase in September. Growth in services-producing industries (+0.3 percent) offset declines in goods-producing industries (-0.7 percent) as real GDP grew in 11 of 20 subsectors. Canadian real GDP is now roughly 2.9 percent...
